IN A demonstration of how little leverage the troubled miner OZ Minerals has with its syndicate of bankers, it did not receive a response to its request for a crucial bridging loan by its self-imposed deadline of Friday.
OZ MINERALS last night had yet to secure a bridging loan to give it enough money to continue operating its mines and building its Prominent Hill project before February 27, its deadline for refinancing $1 billion debt.
OZ MINERALS has not yet secured a crucial bridging loan to give it enough money to continue operating its mines and complete construction of its Prominent Hill project before a February 27 deadline to refinance $1 billion of debt.