Cambrian looks for operating action

CAMBRIAN Mining is considering transforming itself from an investment holding company into an operating mining group.
Cambrian looks for operating action Cambrian looks for operating action Cambrian looks for operating action Cambrian looks for operating action Cambrian looks for operating action

Courtesy Cambrian Mining.

Angie Tomlinson

The company is currently undertaking a strategic review to assess the transformation in an effort to "remove inherent value traps that exist".

"This strategy also builds on Cambrian’s track record of identifying undervalued resource opportunities and supporting the development of these into producing assets," the company said.

The strategic review includes examining the alternatives for restructuring and consolidation of the group's constituent parts while divesting of others.

Cambrian has supported the development of seven mining operations through associated/subsidiary companies and has made significant profits through the divestment of assets.

Projects the company has helped move to development include the 2.4 million tonnes per annum Wolverine hard coking coal mine in Western Canada, the Dillon and Brule PCI mines in Western Canada, as well as underground metallurgical coal and underground and surface thermal coal mines in West Virginia, USA.

Cambrian Mining chief Mark Burridge said the review would be completed by the end of the year.

topics

loader