METS

Another blow to Brandrill

STRUGGLING Australian drill and blast contractor Brandrill has again failed to sell its South African business and is understood to be facing contingent liabilities of more than $11 million after placing the 51% owned Brandrill Torrex (BTX) into provisional liquidation.

Michael Quinn
Another blow to Brandrill

Brandrill's liabilities comprise a guarantee to the Industrial Development Corp of SA for around $11 million in relation to preference shares issued by 100%-owned Brandrill South Africa (BDSA) to IDC in...

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