Signs of recovery in the coal mining sector have come too late for former BRW Rich 200 member Mark Ackroyd, whose National Plant & Equipment went into voluntary administration on July 13.
KordaMentha has assumed control of the mining equipment sales and leasing business, for which Japanese giant Mitsui paid $150 million for a 49.9 per cent stake in 2012.
On Tuesday it will advertise the business for sale, with its major assets being 100 pieces of mining equipment such as dozers, excavators and graders, spead across coal mining areas in Western Australia, Queensland and Ackroyd’s birthplace of Maitland, in the NSW Hunter Valley.
KordaMentha’s Brisbane office will host the first creditor’s meeting on July 28, with a second to f…
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