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September 30, 2011

Hussey Copper files for bankruptcy protection

"Hussey Copper of Leetsdale has filed for bankruptcy and has a letter of intent with a potential buyer.

The action comes after the 163-year-old copper producer defaulted on a loan agreement with PNC Bank and other lenders and failed to find other backers to refinance its debt."

Read more here.

September 30, 2011 in Current Affairs | Permalink

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