It's more than just an excellent news service.

It's about becoming part of the mining and gas community.

Subscribing to Shift Miner means you can get full access to all our news and special reports, advertise anything you want in the classifieds (print & digital) and browse the jobs board.

So no matter where your job takes you, you're just a click away from the best source of mining information on mobile, in print and online.

DIGITAL SUBSCRIPTION: $4.99 a week
Includes full access to all areas on smartphone*, ipad and online.
*Download the free iphone app from itunes

STILL NOT SURE?
Click here to sign up for our free news headlines service: The WINO (Wednesday’s Industrial News Online)

Email [username]:

Name:

Coupon Code:
Leave blank if you don't have one
Password:

Confirm Password:

Terms and Conditions and Privacy Policy
Jayce Butcher Greg Byrne, Downing; Ian Reed, QNP dragline Steve Beale and Chris Dunphy, MIPEC David Gibson and Santa Indigo and Kate Wallace Peewee Gonzales Sean Joseph Challis csg Jo-Anne Burke, DB Scaffolding; Susan McGuire, Mayogroup (L-R) Amelia, Mackenzie , Abby and Cassie Vin Hamilton Aboutusgenericimage_3 Jemma and Mila Smith mining
Jayce Butcher Greg Byrne, Downing; Ian Reed, QNP dragline Steve Beale and Chris Dunphy, MIPEC David Gibson and Santa Indigo and Kate Wallace Peewee Gonzales Sean Joseph Challis csg Jo-Anne Burke, DB Scaffolding; Susan McGuire, Mayogroup (L-R) Amelia, Mackenzie , Abby and Cassie Vin Hamilton Aboutusgenericimage_3

4 more Mackay business in doubt.
ADMINISTRATORS called in to find a way forward for troubled driller
Wednesday 28 September 2016  

The future for Mackay employees of Hughes Drilling, Express Hydraulics and Hughes Equipment Hire, hangs in the balance today following a decision by directors of parent company Hughes Drilling Pty Ltd to call in Administrators.

The decision also threatens jobs in Collinsville, Moranbah and Blackwater where another Hughes drilling subsidiary - Hyd-Elec Australia - operates.

Administrators McGrathNicol will keep the businesses open while they undertake an "urgent financial and operational” assessment before the first creditors meeting early next week.

At that meeting, administrators will make a decision as to whether the business can trade it’s way out of trouble to repay its creditors or whether it should be closed down altogether and its assets sold off.

The development is not altogether surprising, given trading in the company's shares have been on hold since June, while it explored various options to refinance its debt with its major lender and the ATO.

According to the Hughes Drilling website they are Australia’s largest coal production and delineation drilling specialist with a client base consisting of Australia’s major mine operators and owners.

 

Similar Topics