Woulfe Mining is continuing to look for a way to move forward with plans to restart the Sangdong Tungsten Project in South Korea. The company announced that an internal assessment by its board and interim CEO, Hubert Marleau, shows issues related to cash flow and the ability of the company and its subsidiaries to meet payables beyond the next few months. In a statement, the board said it recognized “the seriousness of these issues, including the potential ability to advance” Sangdong in the manner and timing anticipated in earlier corporate statements. Sangdong was supposed to restart in the fourth quarter of this year. Woulfe still is trying to complete the strategic alliance agreement with IMC International Metal Working Companies announced last year (Ryan’s Notes, Mar. 3, 2012, p3). Furthermore, the company is taking proactive measures by trying to preserve cash, reduce costs and enhance corporate efficiencies.
Chinese |
English |
Management
Woulfe Mining Continues to Try to Move forward with South Korean W Project
Source： Time：2013-05-27 09:46:46 views：
Related News
- Silicon Carbide Series Refractory Raw Material Development T...
- FeSi Market Expected to Run flatly after Adjustments
- Silicon Metal Exporters in the World
- The Stainless Steel Stock in Chinese Wuxi Market in Early of...
- Steel Mills Expected to Cut FeSi Purchase Price by RMB100/mt...
- Rumor on Chinese Export Tariff Reduction Suppressing Ferroal...
- South Korea's POSCO to build magnesium plant in Kyrgyzstan
- ASIA SILICON: Prices Rise as South China Producers Cut Outpu...
- Further Analysis of Ferroalloy Market
- 10th China Ferro-Alloys Intl Conference on May 29-31,2013
|