Ditch DOCA, KDC administrators say

KIMBERLEY Diamond Company will likely be wound up, leaving creditors with, at best, 4c in the dollar, if the company’s administrators’ suggestion is followed.

Kimberley Diamond Company will likely be wound up, leaving creditors with, at best, 4c in the dollar.

30 July 2015
comments
share

KDC’s board called in Jirsch Sutherland as administrators on July 1.

The firm provided its report to creditors on Tuesday and recommended creditors vote to wind the company up.

One-stop publication for operational excellence and intelligence within the METS sector

Combine the power of industry news and research with an Australia's Mining Monthly Premium subscription. Includes Mining Magazine Intelligence.

Standard Package

SUBSCRIBE NOW

Comprehensive coverage of all core aspects of surface mining and underground mining
Detailed reports on mineral processing advances
Asset management insight for mine management, operations and maintenance leaders
Special reports on new technology, innovation and sustainable development
Exclusive interviews with key players on current industry affairs
Vital insight into the catalysts and trends changing mining's future
Twice daily newsletters, Monday to Friday, on mining, operations and technology news

Try MiningMonthly.com for 30 days for ONLY $1

START YOUR TRIAL

Best value

Premium Subscription

SUBSCRIBE NOW

All the benefits of an online subscription plus:
The latest print edition delivered to your door every fortnight
4 annual reports (valued at AUD$1,755 each) produced by Mining Magazine's Intelligence division: