Troubled Australian steelmaker Arrium eyes sale of profitable Moly-Cop unit

Troubled Australian steelmaker Arrium eyes sale of profitable Moly-Cop unit

Troubled Australian steel group Arrium Ltd, which collapsed last month after creditors rejected a private equity bailout, will hire a global investment bank to advise on the sale of its profitable Moly-Cop mining supplies unit, the firm’s administrator said on Monday.

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