news, local-news, Goulburn, Tarago, Heron Resources, Woodlawn Mine, shutdown, Orion Finance, insolvency, Tim Dobson
The company operating Woodlawn Mine is negotiating with financiers in an attempt to bat off insolvency. Heron Resources CEO Tim Dobson says the company is not trading insolvent and that scenario is a “worst case.” The company suspended operations in March and made 90 direct employees redundant. At the time, Mr Dobson cited coronavirus travel and other restrictions and a metal market downturn as key factors. The mine relied on a proportion of interstate workers. READ MORE: Heron Resources forces redundancy at Tarago’s Woodlawn Mine Heron Resources’ Woodlawn Mine raises more capital In May, Heron also terminated the contract…
Read the full article at: https://www.goulburnpost.com.au/story/6832559/woodlawn-mine-talks-aim-to-ward-off-insolvency/