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Post by RKC on Nov 28, 2014 15:09:03 GMT 12
G'day, Company liquidated.The joint venture activities never materialized and Shardell does not know where its funds have been paid to. "Accordingly, it is seeking to liquidate MCAM Ltd as the first step in a process to recover funds".Regards, Rob (RKC) Attachments:
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Post by RKC on Dec 13, 2014 13:21:38 GMT 12
G'day, UK company tries to recover $1mA British investment company is determined to chase down nearly $1 million it ploughed into a West Coast mining venture headed by a Christchurch director.
Shardell Investment Holding, a British Virgin Islands company, put $900,000 into New Zealand's MCAM Ltd in December last year.
The funds were supplied to complete the purchase of mining permits and for production costs associated with mines at Fox Creek, near Hokitika, and at the Greenstone River, near Kumara.www.stuff.co.nz/the-press/64117346/UK-company-tries-to-recover-1mRegards, Rob (RKC) |
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Post by RKC on Jan 18, 2015 13:41:52 GMT 12
G'day, Businessman Mike McDonald remains optimistic in the face of setbacksThe West Coast mining industry could do with some good news and the incurably optimistic Christchurch businessman Mike McDonald must have sounded just the ticket when he started contracting to buy mining permits and real estate about two years ago.
His big plans eventually captured headlines in newspapers such as the Hokitika Guardian, which published claims his company MCAM Minerals would create 200 mine jobs at various sites. The Otago Daily Times last November trumpeted McDonald's plan to spend $88.5 million on developing mines in Southland and the Hokitika and Greymouth areas.www.stuff.co.nz/the-press/business/65139248/Businessman-Mike-McDonald-remains-optimistic-in-the-face-of-setbacksRegards, Rob (RKC) |
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Post by RKC on Jul 31, 2015 18:15:02 GMT 12
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Post by RKC on Mar 18, 2016 16:33:14 GMT 12
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Post by RKC on Apr 16, 2016 18:15:35 GMT 12
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Post by RKC on Apr 23, 2016 10:42:35 GMT 12
G'day, Newcomer on West Coast goldmining scene leaves bills unpaid A new player on the West Coast's burgeoning gold mining scene with links to a controversial Christchurch entrepreneur has been barred from its machinery and its mining site because of outstanding debts.
Koura Mining Ltd began mining on the Greenstone River near Kumara about September, hiring equipment from a number of suppliers including mining equipment specialists Geotech and the Porter group. It employed about 40 staff.
After Koura stopped paying some of its bills in November, Geotech removed keys from its machinery working at the Greenstone mine site. And this ... Minerals West Coast manager Phil McKinnel said gold was had been a steady performer and "unsung hero" although stopped short of describing the present climate as a resurgence.
Lower diesel prices and the lower New Zealand dollar had helped make the 60 gold mining operations on the Coast more profitable, he said.www.stuff.co.nz/business/78876902/newcomer-on-west-coast-goldmining-scene-leaves-bills-unpaidRegards, Rob (RKC) |
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Post by RKC on Jul 17, 2017 17:06:34 GMT 12
G'day,  Regards, Rob (RKC) |
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