Moreton Resources enters voluntary administration

THE company who had expressed interest in the proposed Kingaroy coal mine went into voluntary administration yesterday.

The Moreton Resources board of directors appointed Deloitte Financial Advisory’s Grant Sparks and David Orr as administrators of the group.

An urgent assessment of the group’s business and financial position will be undertaken to determine the business’ future and its assets.

Mr Sparks and Mr Orr will then provide a recommendation to creditors of the group.

This comes after Moreton Resources withdrew their mining lease a…

Moreton Resources enters voluntary administration | Chronicle – Chronicle