Sumatra bites the dust

SUMATRA Copper & Gold has become a victim of poor mine performance and its debt load, with the suspended miner saying it will appoint administrators after failing to finalise new terms with its financiers over the past six months.

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Sumatra suspended all mining operations last year.

Wilkins Kennedy Amersham is expected to be appointed shortly, with the company saying it has no realistic alternative but to go through the administration process to find a means to resurrect the