Activist Investor Offers Support To Bankrupt Nevada Copper: '
Activist Investor Offers Support To Bankrupt Nevada Copper: '
Canadian miner Nevada Copper (OTC:NEVDF) filed for Chapter 11 bankruptcy on Monday despite soaring copper prices.
儘管銅價飆升，但加拿大礦商內華達銅礦(OTC:NEVDF)週一申請破產重組。
The company, burdened by operational setbacks and financing challenges, has secured a commitment from Elliott Investment Management, an activist investor with a strong interest in the sector.
受運營挫折和融資挑戰的困擾，該公司獲得了激進投資者Elliott Investment Management的承諾，後者對這個領域有濃厚興趣。
Nevada Copper's financial struggles stem from a series of costly operational issues at its flagship Pumpkin Hollow project. This project, situated southeast of Yerington, Nevada, includes underground and open-pit operations with proven and probable reserves (as of 2019) of 3,590Mlb of copper, 21,266koz of gold, and 617oz of silver.
內華達銅礦的財務困境源於其旗艦Pumpkin Hollow項目一系列昂貴的運營問題。該項目位於內華達州耶林頓東南部，包括地下和露天採礦，截至2019年擁有3,590萬磅的銅，21,266千盎司的黃金和617盎司的白銀的預測儲量。
See Also: Freeport-McMoRan Plans Production Ramp-Up – 'It's Just A Matter Of Time' New CEO Says
請查看: Freeport-McMoRan計劃生產加速——新任CEO表示，“只是時間問題”
However, a buildup of underground water and other setbacks caused expenses to spiral out of control. As a result, Nevada Copper's key backers, including Pala Investments and Mercuria Energy Group, decided against providing additional funds. The company's attempts to attract new bidders also fell through, leaving it with no other option but to file for bankruptcy protection.
然而，地下水和其他挫折的積累導致了開支失控。因此，內華達銅礦的主要支持者，包括Pala Investments和Mercuria Energy Group決定不提供額外的資金。該公司吸引新競標者的嘗試也不成功，迫使它別無選擇，只能申請破產保護。
"Those discussions have failed to result in obtaining such funding or other transaction, and the company has been unable to secure additional interim funding from its key stakeholders," the company stated in a press release.
公司在新聞稿中表示:“這些討論未能獲得這樣的資金或其他交易，公司無法從其主要利益相關者那裏獲得額外的臨時資金。”
Nevada Copper's bankruptcy occurs despite an optimistic market for copper, driven by the metal's essential role in the energy transition. Copper prices recently hit record highs, exceeding $11,000 per metric ton. Nonetheless, the elevated cost of capital has made borrowing more challenging for smaller companies.
內華達銅礦破產是在銅市場樂觀的背景下發生的，這是由金屬在能源轉型中的關鍵作用推動的。銅價最近達到創紀錄的高點，超過每公噸11,000美元。然而，資本成本的提高使借款對於小型企業更具挑戰性。
Pala Investments holds a 57% stake in Nevada Copper, while Mercuria Energy Group owns 17%.
Pala Investments持有內華達銅礦57%的股份，Mercuria Energy Group擁有17%。
The company's CEO, Randy Buffington, stepped down amid the financial turmoil. Tom Albanese took over as chairman of the board.
該公司CEO Randy Buffington在財務動盪中辭職，Tom Albanese接任董事會主席。
Elliott Investment Management's involvement showcases its growing interest in the mining sector. The hedge fund recently disclosed a stake in Anglo American (OTCQX:AAUKF) and holds a majority stake in Triple Flag Precious Metals (NYSE:TFPM), a company specializing in financing solutions in the sector.
Elliott Investment Management的參與展示了其對礦業領域日益增長的興趣。這家對沖基金最近披露了在Anglo American (OTCQX: AAUKF)中的持股，並持有Triple Flag Precious Metals (紐交所: TFPM)的多數股權，後者是該行業融資解決方案的專業公司。
Nevada Copper has already received a commitment for $60 million in debtor-in-possession financing, with $20 million requested on an interim basis, pending court approval.
內華達銅礦已經獲得了6000萬美元的債務人持有融資承諾，請求暫時的2000萬美元，待法院批准。
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譯文內容由第三人軟體翻譯。