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Brierty battling on

DIVERSIFIED contractor Brierty has signed a banking facility with BankWest that will give it an improved capital structure to deliver on its turnaround plan. Unfortunately, it has to sort out its problems on its $300 million Rio Tinto contract before it can access the additional funding in that facility.

Noel Dyson
Brierty is working to rectify issues on its $300 million Western Turner Syncline Stage 2 project.

Brierty is working to rectify issues on its $300 million Western Turner Syncline Stage 2 project.

In an announcement dated June 20, Brierty told the Australian Securities Exchange that contract mining work at the Western Turner Syncline Stage 2 project had been suspended and it had received a notice...

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