PROJECT FINANCE

Azure mandated to find solution for Heron after Woodlawn debacle

AZURE Capital has been given 12 months to come up with a solution for Heron Resources in relation to the idled Woodlawn zinc operation in New South Wales.

Heron's operation has been more 'wood duck' than successful Woodlawn to date, with Azure charged to come up with a solution

Heron's operation has been more 'wood duck' than successful Woodlawn to date, with Azure charged to come up with a solution

Those solutions could include refinancing, joint ventures, and partial or complete divestment. Heron's A$240 million funding for Woodlawn's development included US$60 million of debt, while a further...

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