Trading in shares of Australian zinc miner Oz Minerals Ltd, which is facing a March 31 deadline to pay off A$1.3 billion ($905 million) in debts, was halted on Friday pending an announcment by the company.
The company did not give further details.
One of its lenders expects the firm's banks to roll over its debts to end-April, as the world's No.2 zinc miner waits for the government to approve a Chinese takeover
China's state-owned Minmetals has made a $1.7 billion rescue bid for OZ Minerals.
Source: Reuters
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