The mining company that runs the Peko iron ore and gold mine in the outback Northern Territory town of Tennant Creek has been placed into voluntary administration, after years of racking up debts.
In an announcement to the Australian Stock Exchange on Tuesday, Elmore Ltd said it was “insolvent or likely to become insolvent at some future time” and had placed its finances…
Read the full article at: https://www.abc.net.au/news/2024-02-09/elmore-voluntary-administration-peko-mine-operator-tennant-creek/103445070