SYDNEY, June 3 (Reuters) - Administrators to Arrium ARI.AX will appoint Deutsche Bank (DE:DBKGn) to run a sale process for the troubled steelmaker's Moly-Cop grinding balls and wire rope business, a spokesman for the administrators said on Friday.
Moly-Cop, which makes steel balls to grind ore, among other items, operates mostly in the United States and Latin America.
The decision to sell Moly-Cop is part of planned recapitalisation and sale of Arrium's assets, which also include steel works and distribution businesses in Australia. Deutsche Bank spokeswoman in Sydney did not immediately respond to a request for comment.