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WPG calls in the administrators

Failed to manage a recapitalisation.

Kristie Batten
Byrnecut is helping WPG optimise its Challenger mine.Mining contractor Byrnecut last month entered into a six-week forbearance agreement with WPG.

Byrnecut is helping WPG optimise its Challenger mine.Mining contractor Byrnecut last month entered into a six-week forbearance agreement with WPG.

EY was appointed as joint and several administrators of WPG and its subsidiaries. The company said it was forced into the move after a key prospective investor withdrew from recapitalisation discussions....

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