International Mining & Infrastructure Corporation PLC (05143779): administration
- Status
- Administration ended
- Administration began
- 2018-04-26
- Administrators
- Geoffrey Paul Rowley, Jason Daniel Baker
- Administrators' firm
- FRP Advisory
- Formerly
- India Star Energy PLC; Woodstock Care PLC
- Incorporated
- 2004-06-02
- Location
- Birmingham
- Industry
- 08990 Other mining and quarrying n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company’s operations focused on African iron ore opportunities which were constrained by a lack of infrastructure from 2010 onwards. IMIC's stated strategy was to establish an asset-ownership position in the West and Central African iron ore mining sector through investment in junior miners and related infrastructure.
The acquisition of Afferro in December 2013 provided IMIC with its first (and only) assets on the ground. This comprised four exploration licenses in the South Cameroon iron ore corridor at: Akonolinga, Essong (Ngoa), Ntem and Nkout.
Of the four licenses, the Company focused on two predominately:
Administrators' statement of proposals (2018-07-04) · Companies House register