Nevada Copper appoints interim management

Financially troubled miner Nevada Copper has tapped Gregory Martin and Matthew Anderson as its interim president and CEO and interim CFO, respectively.

Martin was previously the company’s executive vice president and CEO; Anderson was vice president of Finance for the company.

Nevada Copper is entering its second full week after confirming its plan to file for Chapter 11 bankruptcy in the District of Nevada.

During its restructuring, it intends to pursue a sale process, retaining Moelis and Co. to assist. It has recently received approval to continue paying wages and benefit programs for its employees as it wades through the Chapter 11 process.

Source: Nevada Copper

Related posts