Bankrupt Mine Files Plan In Light Of Sale

Law360, New York (January 20, 2009, 12:00 AM EST) -- Apex Silver Mines Ltd. has submitted a reorganization plan and disclosure statement based on plans to sell a controlling interest in its San Cristobal mine in southwest Bolivia to Sumitomo Corp., which Apex said will take place in March.

A hearing on the disclosure statement will take place Feb. 4, and a confirmation hearing on the plan is scheduled for March 4, according to documents filed last week with the U.S. Bankruptcy Court for the Southern District of New York.

Under Apex’s plan, Sumitomo has agreed...
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