Iron ore mining company Nathan River Resources (NRR) has gone into voluntary administration, owing more than $300 million in debt, unpaid wages and royalties.
The company owns the Roper Bar mine, 600 kilometres south-east of Darwin in the Northern Territory.
Work at the site stopped in April when the the company stood down its staff.
Five companies in the NRR group have been placed under external administration, with BRI Ferrier appointed as administrators in late May.
ASIC documents show the group of companies owe vast sums of money to employees, contractors, government agencies, partner companies and traditional owners.
This includes payments to traditional owner body the Northern Land Council of more than $2 million, and the NT government is owed more than $6 million in unpaid royalties.
The company also owes at least 38 staff more than $968,000 in unpaid wages and entitlements.
NRR had been exporting iron ore from the Bing Bong port. (ABC News: Michael Franchi)
Electrical Trades Union NT organiser David Hayes said workers were waiting to hear from administrators BRI Ferrier on what they might be able to recover, with some individuals owed tens of thousands of dollars.
“We’ve got workers missing tens of thousands of dollars from…