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，加拿大礦業公司內華達銅業公司（場外交易代碼：NEVDF）週一申請了第11章破產。
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.
該公司飽受運營挫折和融資挑戰的負擔，已獲得對該行業濃厚興趣的激進投資者埃利奧特投資管理公司的承諾。
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.
內華達銅業公司的財務困境源於其旗艦南瓜谷項目的一系列代價高昂的運營問題。該項目位於內華達州耶靈頓東南部，包括地下和露天礦作業，探明和可能的儲量（截至2019年）爲3590萬億桶銅、21,266koz黃金和617盎司白銀。
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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.
但是，地下水的積聚和其他挫折導致開支急劇失控。結果，內華達銅業的主要支持者，包括帕拉投資和默庫里亞能源集團，決定不提供額外資金。該公司吸引新競標者的努力也失敗了，這使其別無選擇，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.
該公司在一份新聞稿中表示：“這些討論未能導致獲得此類資金或其他交易，該公司也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.
儘管銅市場樂觀，受金屬在能源轉型中的重要作用的推動，內華達銅業還是出現了破產。銅價最近創下歷史新高，超過每公噸11,000美元。儘管如此，資本成本的上漲使小型公司的借貸更具挑戰性。
Pala Investments holds a 57% stake in Nevada Copper, while Mercuria Energy Group owns 17%.
帕拉投資持有內華達銅業公司57％的股份，而默庫里亞能源集團擁有17％的股份。
The company's CEO, Randy Buffington, stepped down amid the financial turmoil. Tom Albanese took over as chairman of the board.
該公司首席執行官蘭迪·巴芬頓在金融動盪中辭職。湯姆·阿爾巴尼斯接任董事會主席。
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.
埃利奧特投資管理公司的參與表明其對採礦業的興趣與日俱增。該對沖基金最近披露了英美資源（OTCQX: AAUKF）的股份，並持有專門從事該行業融資解決方案的公司三旗貴金屬（紐約證券交易所代碼：TFPM）的多數股權。
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.
內華達銅業公司已經收到6000萬美元債務人持股融資的承諾，臨時申請了2,000萬美元，尚待法院批准。
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譯文內容由第三人軟體翻譯。