UPDATE 1-Lafayette says restructuring talks still alive
November 28th, 2007
Filed under: Mine - RapuRapu, Mineral - Copper, Mineral - Gold, Mineral - Silver, Mineral - Tin, Mineral - Zinc, Operator - Lafayette, Operator - RRMI, Operator - RRPI
SYDNEY, Nov 23 (Reuters) - Australian-listed Lafayette Mining Ltd (LAF.AX: Quote, Profile, Research) said on Friday crucial financial restructuring support from a Malaysian private equity group remains a possibility, after earlier saying the plan had collapsed.
If the restructuring fails to go ahead, the directors of Lafayette, which runs a mine in the Philippines, would need to assess whether the company could remain a “going concern,” it said.
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