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CIBC to advise WestMet on debt talks

STRUGGLING base metals producer Western Metals has appointed CIBC World Markets as financial adviser to assist with its crucial negotiations with US noteholders and Australian hedge counter parties.

MiningNews.Net

WestMet has until February 22 to organise its next US$18.75 million payment to a group of seven US bondholders, who are owed in total US$75 million. The payment, originally due on November 7, was extended...

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