The sale of Eldorado was previously put on hold when Gympie changed bankers to a consortium led by Mizhuo International and Investec Bank Australia. The receivers and managers have now decided to recommence the sale of Eldorado.
Beevor and Associates’ Ronnie Beevor will assist in the sale process of the gold assets.
Barlow Jonker subsidiary Global Resources Asset Exchange will assist in the sale of the Southland Coal assets. The sale will be by international tender within the next two weeks.
“Since appointment there had been over 100 expressions of interest in Gympie Eldorado Gold Mine from local and international interested parties. The parties short listed are of a high standard and the values placed on the fold assets by them in their indicative offers are substantial,” said Receiver and Manager Andrew Love.
He added the coal assets had also received significant interest.
