# African Minerals Engineering Limited (06954023)

> Why UK company 06954023 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06954023

- **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- Funding withdrawn / unable to refinance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),

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06954023/filing-history/MzEyMzUxODY1MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06954023

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.