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Contract Loss Drives KMC Mining to Restructure Under Canada's Bankruptcy Act
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Contract Loss Drives KMC Mining to Restructure Under Canada's Bankruptcy Act
Alberta Mining Contractor KMC Mining Files for Debt Restructuring Amid Financial Challenges (Fort McMurray, AB – Dec. 6, 2024) – Alberta-based mining contractor KMC Mining is seeking debt restructuring after the unexpected cancellation of its mining services contract with Suncor Energy. On December 5, KMC filed a Notice of Intention (NOI) to Make a Proposal under Canada’s Bankruptcy and Insolvency Act, with FTI Consulting appointed as the truste…
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