Failed KBL faces liquidation

KBL Mining and its assets will probably be liquidated after administrator KPMG said all hopes of a deed of company arrangement process that could offer a certain return to creditors were dead after an 18 month search.

Failed KBL faces liquidation Failed KBL faces liquidation Failed KBL faces liquidation Failed KBL faces liquidation Failed KBL faces liquidation

Mineral Hill's Pearse pit.

KPMG believed they had found an acceptable recapitalisation option with Everblu Capital last May, but ultimately the DOCA was not signed.