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Latimore offers lifeline to Metarock

COAL baron Matt Latimore has ridden to the rescue of loss-making mining services firm Metarock, with a much needed cash injection to shore up the businesses' balance sheet.

Haydn Black
Coal remains a core part of Metarock's business

Coal remains a core part of Metarock's business

Metarock, which posted a A$63 million loss for the December half, has announced a $29 million rescue plan, with Latimore's M Resources to pump in $25 million for at least 51% of the company.   Shareholders,...

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