July 4 (Reuters) - Kordamentha :
* proposing dual track process for Moly-Cop, involving a trade sale or an initial public offering
* Korda proposes sale/recapitalisation of Arrium Australia's steelworks, port and mining operations at whyalla, with manufacturing, distribution and recycling businesses.
* anticipated that the marketing program for the sale/recapitalisation processes will commence in mid to late July 2016
* also received significant interest in the Arrium Australia businesses, with enquiries from parties including global steel companies
* "progress is being made to reduce the cost base of the mining and steel operations at whyalla"
* "targeting total annualised cost savings since the commencement of initiatives in October 2015 of approximately $300 million"
* Source text for Eikon ID:nASX5kpLjt
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