PERTH (miningweekly.com) – Embattled tungsten miner Wolf Minerals UK will be wound up under the UK Insolvency Act, while all directors of the company have resigned, with immediate effect.
Wolf went into voluntary administration last week after failing to secure funding to meet its short-term working capital requirements to continue operations at the Drakelands tungsten mine, in the UK.
The official receiver attached to the Chief Insolvency and Companies Court has now been made the liquidator of Wolf.