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Thursday, 17 May 2012

OZM still in talks with banks

OZ Minerals is continuing its talks with its lenders group to find a way to refinance A$560m in debt. The company has hired Goldman Sachs JBWere to advise on its strategic options and a possible emergency equity issue, and has retained boutique firm Gryphon Partners to handle asset sales as it seeks to strike a deal with its bankers.

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