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.

Latimore offers lifeline to Metarock Latimore offers lifeline to Metarock Latimore offers lifeline to Metarock Latimore offers lifeline to Metarock Latimore offers lifeline to Metarock

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.