A drilling company that has been operating for 18 years has collapsed into voluntary administration.
Nedrill Blasting Contractors, which is based in the Northern Territory, has been providing drill and blast services to the mining and construction industries across Australia since 1998.
The business appointed external managers earlier this week, with Christopher Powell and Nicholas Gyss from DuncanPowell acting as joint administrators.
A creditors meeting is due to be held on March 8 in Darwin.
According to a notice published by the Australian Securities and Investments Commission, an application to wind-up the company was filed on February 4.
Nedrill Blasting Contractors has completed w…
Read the full article at: http://www.smartcompany.com.au/finance/65196-drilling-company-collapses-into-voluntary-administration-after-18-years-in-business/