Paringa calls in help as it defaults on loan

ATTEMPTS to resuscitate the US thermal coal sector are not going well, and there are signs the latest casualty may be Australia-based, Ian Middlemas-chaired Paringa Resources, less than a year after it commenced sales.

Paringa calls in help as it defaults on loan Paringa calls in help as it defaults on loan Paringa calls in help as it defaults on loan Paringa calls in help as it defaults on loan Paringa calls in help as it defaults on loan

Paringa hopes FTI can show it the light at the end of the tunnel.

The deeply indebted junior miner has called in FTI Consulting to advise it on how best to navigate a way forward at its plagued Poplar Grove mine in Kentucky after it defaulted on a US$1.

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