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Croesus in administration

TROUBLED gold miner Croesus Mining has appointed an external administrator after failing to reach an agreement with hedging counterparty Mitsui.

Ben Sharples
Croesus in administration

Croesus chairman Michael Kiernan told MiningNews.net the board had successfully reached an agreement with Macquarie Bank to re-schedule its hedging positions but was unable to reach a satisfactory agreement...

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