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Tag: receivers

Stake in Rolleston coal operation up for grabs

Written by dev on . Posted in All News, Coal, Exploration.

Receivers have been appointed over the 12.5 per cent stake in the Rolleston open-cut coal operations held by ICRA Rolleston.

Glencore is the majority owner of the mine, 140km southeast of Emerald, with a 75 per cent share.

A Glencore spokesman said today it would be a case of 'business as usual' at the thermal coal site despite the development.

McGrathNicol Restructuring said Jason Preston, Keith Crawford and Jamie Harris were appointed as receivers over ICRA's interest in the project.

The receivers intend to immediately commence a sale process for the joint venture interest.

McGrathNicol Restructuring said. . .

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Dunk developer says project remains a high priority

Written by dev on . Posted in All News.

The property firm behind the redevelopment of Dunk Island says the Far North Queensland project remains a high priority as it undertakes a restructure.

Mayfair 101 says the appointment of receivers by the IPO Wealth Fund’s trustee, Vasco Trustees Limited, does not directly impact on its assets in the Mission Beach area, which are not subject to the receivership process.

Mayfair Iconic Properties is behind a $1.6 billion plan which it says will restore Dunk Island and the Mission Beach region as a leading island destination in the Asia-Pacific.

In March it awarded Cairns-based Bryant Building. . .

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Rocklands gear goes under the hammer

Written by dev on . Posted in All News, Copper, Processing / Manufacturing.

Updated December 5

Gray's Online has auctioned vehicles and equipment from CuDeco's Rocklands mine near Cloncurry as receivers finalise a campaign seeking interest in the failed copper operator.

The items under the hammer in an auction ending at 7pm Queensland time December 4 included a swag of utes, as well as buses, a crane, a demountable building, a conveyor stacker, shipping containers, lighting towers, generators and pumps.

The items attracted bout $500,000 in total.

"There's been plenty of interest," said Grays Online Queensland manager Andrew Cotton.

"There are a lot of local. . .

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