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Apex Silver bankruptcy.

Cayman Islands-based precious metals miner Apex Silver Mines Ltd. said it has reached an agreement with the company's short-term debt holders on its plan of reorganization under Chapter 11 bankruptcy protection, reports AP (Jan. 12, 2009). Completion of the proposed plan of reorganization depends on a number of conditions, including approval by the bankruptcy court or a disclosure statement related to the plan and the closing of the sale of the company's interest in Bolivia's San Cristobal mine, and related assets to Sumitomo Corp.
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Title Annotation:CAYMAN ISLANDS
Publication:Caribbean Update
Date:Feb 1, 2009
Words:84
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