African Minerals (AML) insolvency

6/3/2015

Insolvency proceedings

Value:

$ 500 million

Status:

Announced

Date:

6/3/2015

Overview:

African Minerals (AML) and its subsidiaries AML: African Minerals Engineering and African Minerals Trading has entered insolvency.
AML was listed on the AIM market of the LSE and held 75% of the Tonkolili Iron Ore mine.
Neville Kahn and Ian Wormleighton of Deloitte acted as administrators.

Sam Duke - Editor

Jurisdictions:

Bermuda
Australia
United Kingdom

Deal type:

Insolvency proceedings

Practice area:

Restructuring and insolvency

Industry sector:

Mining

Firms:

Akin Gump Strauss Hauer & Feld

Party: Deloitte (Administrator)

Arnold Bloch Leibler

Party: Deloitte (Administrator)

MJM

Party: Deloitte (Administrator)

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