Bankrupt Kagara to sell assets

Kagara administrators are attempting to sell the company's assets to raise funds for the bankrupt miner.

In a statement yesterday Taylor Woodings administrator Quentin Olde said some or all of Kagara's assets would be up for sale, including treatment facilities and a processing centre.

Earlier this year Kagara went into voluntary administration after the company's base metal projects became unviable.

Kagara blamed falling commodity prices and the rising Australian dollar for its demise.

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