{"id":893,"date":"2015-05-20T06:44:40","date_gmt":"2015-05-19T20:44:40","guid":{"rendered":"http:\/\/www.bnmme.com.au\/?p=893"},"modified":"2015-05-20T06:44:40","modified_gmt":"2015-05-19T20:44:40","slug":"gindalbie-metals-goes-into-a-trading-halt","status":"publish","type":"post","link":"https:\/\/yinghuiinternational.com\/index.php\/2015\/05\/20\/gindalbie-metals-goes-into-a-trading-halt\/","title":{"rendered":"Gindalbie Metals goes into a trading halt"},"content":{"rendered":"

Gindalbie Metals has called for a trading halt pending an announcement regarding a long term financing transaction.<\/p>\n

Lower than forecast production and weak iron prices saw Gindalbie suffer a massive impairment on its Karara Mining project in half-year financial results.<\/p>\n

The miner revealed Karara had $77.1 million in short-term liabilities, including \u201cimpending\u201d debt repayments.<\/p>\n

At the time, Gindalbie said it was working with its majority Karara partner Ansteel and Chinese lenders<\/strong> to secure financing options.<\/p>\n

In March Gindalbie cut around 70 jobs in a bid to reduce costs.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gindalbie Metals has called for a trading halt pending an announcement regarding a long term financing transaction. Lower than forecast production and weak iron prices saw Gindalbie suffer a massive impairment on its Karara Mining project in half-year financial results. The miner revealed Karara had $77.1 million in short-term liabilities, including \u201cimpending\u201d debt repayments. At … Continue reading “Gindalbie Metals goes into a trading halt”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6],"tags":[],"class_list":["post-893","post","type-post","status-publish","format-standard","hentry","category-mines-and-quarry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p83F9T-ep","jetpack-related-posts":[{"id":1202,"url":"https:\/\/yinghuiinternational.com\/index.php\/2016\/01\/11\/gindalbie-metals-bows-to-market-pressure\/","url_meta":{"origin":893,"position":0},"title":"Gindalbie Metals bows to market pressure","author":"yinghui","date":"January 11, 2016","format":false,"excerpt":"Gindalbie Metals has hit a roadblock with the withdrawal of funding by joint venture parent Ansteel. The WA miner announced last week it would voluntarily halt trading after it was informed by Ansteel, owner of the controlling share (52.16 per cent), that it would be \u201cunable to continue providing funding\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"shutting_karara_mine_1b5qdhs-1b5qdhv","src":"https:\/\/i0.wp.com\/www.bnmme.com.au\/wp-content\/uploads\/2016\/01\/shutting_karara_mine_1b5qdhs-1b5qdhv.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":713,"url":"https:\/\/yinghuiinternational.com\/index.php\/2014\/12\/18\/downers-mining-division\/","url_meta":{"origin":893,"position":1},"title":"Downer\u2019s Mining division","author":"yinghui","date":"December 18, 2014","format":false,"excerpt":"Downer\u2019s Mining division has been successfully delivering contract mining and civil earthmoving services to an impressive list of global clients for over 90 years. It is now one of Australia\u2019s leading diversified mining contractors, with around 3,500 employees working across more than 50 sites in Australia, New Zealand, Papua New\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":652,"url":"https:\/\/yinghuiinternational.com\/index.php\/2014\/12\/05\/the-2015-metals-outlook-what-lies-ahead\/","url_meta":{"origin":893,"position":2},"title":"The 2015 Metals outlook: What lies ahead","author":"yinghui","date":"December 5, 2014","format":false,"excerpt":"The mining industry has experienced a dire 12 months. There have been mass layoffs, write downs, and projects being stalled or delayed, whilst exploration has basically come to a standstill. From the Global Financial Crisis, which seemed to act as the ignition point for this apparently unstoppable boom, commodity prices\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1626,"url":"https:\/\/yinghuiinternational.com\/index.php\/2016\/07\/07\/miners-need-to-focus-on-balance-sheets-to-survive-ey-says\/","url_meta":{"origin":893,"position":3},"title":"Miners need to focus on balance sheets to survive, EY says","author":"yinghui","date":"July 7, 2016","format":false,"excerpt":"Mining companies need to focus on strengthening their balance sheets and generating cash if they are to survive current market instability, EY states in its latest report. In its latest report, Navigating Volatility: Do you change your business or the way your business works, EY predicts the current period of\u2026","rel":"","context":"In "Big Data"","block_context":{"text":"Big Data","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/big-data\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1210,"url":"https:\/\/yinghuiinternational.com\/index.php\/2016\/01\/13\/2016-the-year-ahead-for-mining-and-mets\/","url_meta":{"origin":893,"position":4},"title":"2016: The year ahead for mining and METS","author":"yinghui","date":"January 13, 2016","format":false,"excerpt":"The start to 2016 for the mining and METS sectors has been a disappointing one. Whilst iron ore has temporarily risen in price, it is forecast to drop back down to around $US30 per tonne, and another smaller iron ore player, Gindalbie Metals, has been abandoned by parent company Ansteel\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8224,"url":"https:\/\/yinghuiinternational.com\/index.php\/2023\/06\/20\/true-north-copper-begins-asx-trading\/","url_meta":{"origin":893,"position":5},"title":"True North Copper begins ASX trading","author":"yinghui","date":"June 20, 2023","format":false,"excerpt":"OLIVIA THOMSON Australian near-term copper producer True North Copper will commence trading on the Australian Securities Exchange (ASX) as of today. The news arrives as Truth North Copper\u2019s (TNC)\u00a0merger\u00a0with Duke Exploration was\u00a0completed\u00a0June 7 2023, after being\u00a0first announced\u00a0February 28 2023. Prior to its listing, TNC completed an underwritten capital raising, and\u2026","rel":"","context":"In "Gold and Copper"","block_context":{"text":"Gold and Copper","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/goldcopper\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/comments?post=893"}],"version-history":[{"count":0,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/893\/revisions"}],"wp:attachment":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/media?parent=893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/categories?post=893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/tags?post=893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}