Northern Territory-based Mining services provider and freight forwarder, ICRG North, has gone into voluntary administration.
ICRG North is the NT division of Perth-based ICRG West, which currently provides civil construction, freight forwarding and mining services for a number of Government projects in the region.
According to local newspaper, NT News, ICRG North owes $2.5m to unrelated creditors and $1.5m to related creditors, and the administration will threaten more than 50 local NT businesses.
A Creditors Committee issued a statement that said, procurement of Northern Territory Government services is in crisis and ICRG has 10 business days to come back with a company agreement.
The department has been actively work…
Read the full article at: http://www.trailermag.com.au/news/article/icrg-north-goes-into-voluntary-administration
