DuncanPowell has first hand knowledge of the issues facing mining and mining service entities having been engaged in a formal capacity on matters in South Australia, Northern Territory and New South Wales. We are well placed to assist companies operating in the mining industry who are facing challenging circumstances.
We were appointed as Voluntary Administration of Western Desert Resources Ltd, an ASX listed company that operated an iron ore mine at Roper Bar in the Northern Territory. The mine operated on a contractor board model and had a production capacity of 250,000 tonnes per month. This was a complex Administration owing to the significant stakeholder interests.
We were appointed as Liquidators of Central Quarries and Crushing, an entity which provided crushing services to Western Desert Resources. The company 's failure was a consequence of Western Desert Resources being placed into Voluntary Administration.
We were appointed as Voluntary Administration of Australian Cultural Heritage Management an entity which operated a heritage management business providing anthropological, archaeological and GIS services to the mining industry nationwide. The business was restructured and scaled down to match the reduced level of activity in the mining sector.
The director appointed us as Voluntary Administratorss to facilitate the orderly winding down of the Group 's operating businesses and to implement a sale of assets. The Companies operated in quarrying, crushing, civil works, earthmoving and the supply of ready-mix concrete in the Broken Hill and surrounding regions. The asset sale program including real estate, plant equipment and extraction licences resulted in the repayment of secured creditors and employee entitlements.
We were appointed Voluntary Administratorss and subsequently appointed as Court appointed Liquidators over the Company. The Company was involved in the fabrication, machining and installation of structural steel as well as operating a crane and equipment hire division. Based in Broken Hill the business continued to trade during the voluntary administration whilst the director pursued restructuring and re-financing opportunities. Subsequently appointed as Court appointed liquidators we organized an orderly wind down of the Company 's operations and a sale of assets resulting in the payment in full of secured finance creditors.