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Debt drowns Kingsrose

NINE years after it listed, Indonesian gold miner Kingsrose Mining has slumped into administration, with high water inflows into the company’s Talang Santo mine in Sumatra one of the key challenges that has apparently brought the indebted miner undone.

Michael Quinn
Debt drowns Kingsrose

Kingsrose has appointed Michael Ryan and Ian Francis of FTI Consulting voluntary administrators, “as part of the continued efforts to restructure the company, its financial arrangements and operations...

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