Mongolia Says Committed to Resolving Oyu Tolgoi Financing Delays
Bond insurers and others have objected to Detroit’s proposal to pay off its swap counterparties ahead of other creditors. Detroit’s unions, pension systems, bond insurers and others also objected to the Barclays fee letter being filed under seal. not the same Rhodes, who is overseeing the historic municipal bankruptcy case Detroit filed in July, has scheduled a hearing beginning December 10 to decide whether or not to approve the loan.
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Financing still in question for Milford casino
15, Rio Tinto (RIO) said. Rio Tinto, which manages the project through its 51 percent stake in Turquoise Hill, halted development of the mines underground expansion and laid off about 1,700 workers until discussions with the government on funding and other issues are resolved.
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The other offer is from a publicly traded entity that would fund the real estate portion of the development and the casino would essentially rent from them. This is yet another example that Foxwoods management doesnt have their act together, said Casino-Free Milford Co-Chairman John Seaver. Its incredible that here we are, four days before the Milford vote and Foxwoods doesnt have the majority financing lined up. His Co-Chairman Steve Trettel said he was surprised to see their lack of an equity partner, but wished the commission had been harder on them at the hearing.
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