https://www.miningweekly.com
PROJECT|Resources|Maintenance|Operations
PROJECT|Resources|Maintenance|Operations
project|resources|maintenance|operations

Heron gets extension on standstill agreement

15th May 2020

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Base metals junior Heron Resources has received a further extension to the standstill agreement with senior debt provider Orion Mine Finance (OMF) to determine a forward path for its Woodlawn project, in New South Wales.

Heron in March suspended operations at Woodlawn amid travel restrictions imposed by the federal and state governments in response to the Covid-19 pandemic, triggering a default event under the loan agreement with OMF.

OMF extended a waiver of this default event until April 23, and again until May 15.

Heron on Friday reported that the company has now been given until June 26 to work with its key stakeholders to determine a path forward for the Woodlawn project.

In the meantime, the project will remain under care and maintenance, with all assets being maintained by the remaining site personnel to a level that will support an efficient restart of operations. 

Edited by Creamer Media Reporter

Comments

Latest Multimedia

Showroom

Immersive Technologies
Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.

VISIT SHOWROOM 
Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.132 0.166s - 91pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: