MML Medusa Mining

TIDMMML

RNS Number : 5752H

Medusa Mining Limited

21 June 2013

 
              MEDUSA MINING LIMITED 
                ABN: 60 099 377 849 
          Unit 7, 11 Preston Street 
                       Como WA 6152 
                         PO Box 860 
             Canning Bridge WA 6153 
          Telephone: +618-9367 0601 
          Facsimile: +618-9367 0602 
   Email: admin@medusamining.com.au 
  Internet: www.medusamining.com.au 
 

ANNOUNCEMENT

21 June 2013

Co-O MILL EXPANSION PROJECT MANAGERS APPOINT ADMINISTRATORS

(ASX & LSE: MML)

Medusa Mining Limited ("Medusa" or the "Company") wishes to advise that the ASX listed entity, All Mine Group, the parent company of Arccon (WA) Pty Ltd who manage the Co-O Mill expansion, appointed WA Insolvency Solutions Pty Ltd as administrators on 20 June 2013 (see ASX announcement under ticker AZG dated 20 June). The Company was advised by letter Thursday evening 20(th) June.

Medusa is currently uncertain as to the timing and the effects on completion of the finishing touches to the mill and full circuit commissioning as dedicated commissioning personnel were scheduled to mobilise to site imminently. Discussions are expected with the administrators and direct communications with personnel on site are underway to minimise disruption to site activities.

The Company will provide further updates when more information becomes available.

For further information please contact:

 
 Australia 
 Medusa Mining Limited                 +61 8 9367 0601 
 Peter Hepburn-Brown, Managing 
  Director 
 
 United Kingdom 
 SP Angel Corporate Finance 
  LLP (Financial Adviser & Broker)    +44 (0)20 3463 2260 
 Ewan Leggat/Laura Littley 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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