Administrators Appointed At Australia-Based Mining Service Provider

Australia-based Management Resource Solutions, a mining service provider, says voluntary administrators have been appointed at five of its operating subsidiaries in relation to a debt facility it took on back in May.

Its subsidiaries – Holdings (MRS) Pty Ltd, MRS Services Group Pty Ltd, Bachmann Plant Hire Pty Ltd, MRS Property No 1 Pty Ltd and Management Resource Solutions Pty Ltd – have been affected by the move.

The appointment of voluntary administrators was made by Hermes Capital, a secured creditor that agreed to loan the company A$3.2 million ($2.2 million) back on May 1. This came after the company had acquired Alerion Consulting Ltd, a company focused on precision aerial mapping of open-pit mines and earthworks including volumetric calculations, railway maintenance, water erosion mapping and terrain modelling with full geo-referencing.