Diversified junior Moreton Resources has instigated talks with funders with the aim of restructuring is debt while maintaining talks with possible buyers.
Moreton in August last year launched a strategic review of its assets and subsidiaries in order to determine its core and noncore assets. Since then, the company has initiated discussions with a number of companies that have expressed interest in the Surat Basin Coal business, the Bowen Basin coal business, and has undertaken talks to the advancement of opportunities for the MRV Metals business.