https://newsletter.mw.creamermedia.com
Business|Engineering|Mining|Services|Contracting
Business|Engineering|Mining|Services|Contracting
business|engineering|mining|services|contracting

M&R again fails to regain control of RUC

M&R's offices in Bedfordview, Gauteng

Photo by Creamer Media's Donna Slater

4th October 2023

By: Creamer Media Reporter

     

Font size: - +

Engineering and contracting group Murray & Roberts (M&R) was unable to regain control of RUC, the Australian mining services business it lost when its Australian holding company, MPRL, and Clough entered voluntary administration in December 2022.

M&R has, therefore, started to capacitate a subsidiary company in Australia, Cementation APAC, to provide engineering and contracting services to its mining clients in the Asia-Pacific region.

M&R states in an October 4 update to shareholders that secured creditors of MPRL had, during a second creditors meeting held in Australia, approved a Deed of Company Arrangement, which preserved the option for a full sale or restructuring transaction to occur in the future.

This approval means M&R is unable to regain control of RUC.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT SHOWROOM 
ESAB showroom image
ESAB South Africa

ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (27/06/2025)
27th June 2025 By: Martin Creamer
London Indaba, Richards Bay Minerals make headlines
London Indaba, Richards Bay Minerals make headlines
27th June 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.773 0.87s - 148pq - 2rq
Subscribe Now