September 8, 2016
Coal Reuse has officially stopped trading, with liquidators advising businesses on Thursday to immediately “cease any and all trade with and services to the company”.
Liquidators to the troubled fly ash contractor were appointed on Monday in the Brisbane Supreme Court.
“Please be advised that we have ceased trading the business of Coal Reuse Pty Limited as at September 7, 2016,” a statement released by liquidators David Hambleton and James Imray said.
“We are currently working with all stakeholders in this matter, including Stanwell Corporation Limited, in order to assess the company’s financial position.
“We understand the Director is working towards a ‘rescue package’ for the company and are assisting where appropriate.
“Please cease any and all trade with and services to the company.
“Creditors wishing to register their claim against the company are welcome to provide details of their claim and supporting documentation to [email protected]
A Stanwell spokesman said today the corporation had taken steps to ensure the continued handling and sale of ash products at its sites.
This included contacting Coal Reuse customers to discuss arrangements for the continued supply of their respective ash products.
Stanwell would “now commence a longer-term process to seek market interest in the handling and sale of ash products from its coal-fired power stations”.
“The liquidation of Coal Reuse will not impact on the operation of Stanwell’s coal-fired power stations,” the spokesman said.