Apex Silver Mines Ltd, which runs silver mining operations in Latin America, has sought bankruptcy protection from creditors with a New York court, with plans to sell its stake in a Bolivian mining operation, Reuters reported. The company filed a Chapter 11 petition with the U.S. bankruptcy court in Manhattan late Monday, and says it will receive $27.5 million plus other consideration for its stake in the San Cristbal Mine in Bolivia from Sumitomo Corp.
Read more