CAPITAL MARKETS

Selwyn Mines slides into receivership

SELWYN Mines, one of the market darlings on the Australian Stock Exchange in 2000, came crashing back to earth today with news that BankWest has appointed Ferrier Hodgson as receivers and managers of the Queensland copper-gold miner.

Michael Quinn
Selwyn Mines slides into receivership

BankWest reported that Selwyn's delay in commissioning expanded operations at its mine south of Mt Isa, and the failure to complete a rights issue to raise $12.7 million, had resulted in the company experiencing...

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