Tamaya appoints receivers

Two days after placing itself into voluntary administration, Tamaya Resources Ltd has today appointed receivers.

The company advised today that it had appointed Michael Ryan and Peter Allen as receivers and managers of the assets and undertaking of the business and its subsidiaries, which include former West Perth resident Iberian Resources.

Last year, Tamaya gained a controlling interest in Iberian from a failed takeover attempt.

The company went into administration following the collapse of copper prices which had made it impossible for it to repay loans and operate its Punitaqui mine in Chile.