Nick Clark Mercury
GUNNS Limited has placed the $2.2 billion Bell Bay pulp mill on the backburner until the global financial crisis blows over. Executive chairman John Gay told the annual meeting that the company was conducting a review of ongoing project costs to minimise the cash costs. Gunns has spent more than $90 million so far. “The timing and attaining financial close for the project will largely depend on developments in the financial markets,” he said. Read more here
Examiner: Pulp mill go ahead ‘depends on fincial markets’
And: Gunns AGM a less firey affair