Murray & Roberts (M&R) CEO Henry Laas has described the group’s loss of control over RUC Cementation Mining Contractors as a consequence of its Australian holding company, or MRPL, having been placed into voluntary administration as a particularly “tragic” consequence of recent “devastating” developments. MRPL and its subsidiaries together with Clough, previously M&R’s largest business unit by far, entered voluntary administration on December 5 after Clough experienced serious funding pressures as a result of factors such as Covid disruptions and a surge in working capital requirements at two key projects, Traveler and Waitsia.
News
You are here: Home1 / News2 / Industry News3 / Downsized M&R seeks salvation in mining and renewables after ‘devastating’ per...
You might also like
INDUSTRY NEWS
- Nersa’s approval of curtailment rules expected to unlock wind projects in Eastern and Western CapeMay 9, 2025 - 3:04 pm
- NTCSA starts process to appoint interim CEO as Scheppers returns to EskomMay 9, 2025 - 12:01 pm
- Opinion: Carbon tax changes to reshape commercial and industrial property sectorMay 9, 2025 - 12:01 pm
WHERE TO FIND US
Address
9 Yellow Street
Botshabelo Industrial Area
Botshabelo, Free State
Call / Email Us
Tel: +27 (0) 61 956 6772
Email: info@transfix.co.za