Carvill: ‘I think we’ll leave world domination for another day’
$100m injection from Omani sovereign wealth fund looks set to end Kenmare Resources debt nightmare
Kenmare Resources may be on the brink of a major change in its fortunes.
In the past week the company secured a $100 million investment from the Omani Sovereign Wealth Fund (SGRF), got indications that its major shareholders will stump up $75 million more, and began positive discussions with the company’s lenders.
Despite all the positive news, chief executive Michael Carvill is staying grounded.
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Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures