ICRG into liquidation

One of the state’s largest indigenous contractors, which counted Fortescue Metals Group and Roy Hill Holdings among its clients, has been placed into liquidation.

Yesterday, WA Insolvency Solutions partner Jimmy Trpcevski was called in as the liquidator of mining services-focused Indigenous Construction Resource Group.

The liquidation also includes its Dreamtime Consulting and ICRG Logistics businesses.

Established in 2010, Osborne Park-based ICRG had 168 staff in Western Australia at its peak, making it the second largest contractor in the state, based on employees, according to BNIQ data.

Its last contract announcement came in mid-February 2017, when it said its Guma ICRG joint venture was awarded contract extensions with Fortescue Metals Group, for railway management and maintenance, which extended the works to June 2019.

In early-February 2017, Guma ICRG won a tender from Roy Hill for port sump installation works at the company’s operations south of Port Hedland.

In April 2017, its half-owned joint venture, ICRG North, went into liquidation owing creditors about $4 million.

ICRG North worked primarily on infrastructure projects for the NT government.

Since 2016, ICRG has been led by Shane Cable, who previously managed more than $2 billion for Rio Tinto’s global expansion projects for Pilbara Aboriginal businesses.

Business News has sought comment from the liquidator.