Fortune Minerals hires Deloitte as advisor
Nov 03, 2011 | 04:36 PM
| Chris Prentice
NEW YORK Fortune Minerals Ltd. has enlisted Deloitte & Touche Corporate Finance Canada Inc. as its financial advisor, at the same time that junior miners and small industrial players worry about the deteriorating European economic situation.
Deloitte will act as London-based Fortunes advisor as it pursues strategic alternatives for the companys two Canadian flagship projects, the Mount Klappan metallurgical coal project and the Nico gold-cobalt-bismuth-copper project, the company said in a statement.
"Right now, the marketplace has a lot of volatility and uncertainty in it," Julian Kemp, Fortunes chief financial officer, told AMM. "It makes it very difficult for a junior mining company to finance the construction of these types of projects."....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.