African Minerals Engineering Limited (06954023): administration
- Status
- Administration ended
- Administration began
- 2015-03-26
- Administrators
- David Philip Soden, Ian Colin Wormleighton
- Administrators' firm
- Deloitte
- Incorporated
- 2009-07-07
- 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- Funding withdrawn / unable to refinance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 circumstances leading to the administration of the Group are complex, and are currently being investigated by the Joint Administrators
At this stage, it appears that the factors which contributed to the Group’s failure include
« the significant decline in iron ore prices (from $115/tonne in late 2013 to $65/tonne in early 2015),
Administrators' statement of proposals (2015-05-20) · Companies House register