1
Everything Mining Industry
 
Country Focus
Back Copies
 
Mining Weekly Magazine
 
Engineering News Magazine
 
How to Guide
 
 
more  
 
Limit search to:
Where?
With?
Start Date   
End Date   
 
 
 
Back
 Address to refer: https://www.researchchannel.co.za/article/dcd-marine-enters-voluntary-business-rescue-2016-11-17
 Article Headline: DCD Marine enters voluntary business rescue
 Abstract: The board of Cape Town based DCD Marine – a member of the DCD Group – has put the business into voluntary business rescue after 18 months of very difficult trading conditions. According to DCD Group Chief Executive Officer Digby Glover, DCD Marine was focused predominantly on the oil and gas market, which has contracted massively due to low global oil prices. The business rescue process allows the business some room to negotiate with stakeholders, so it can take appropriate actions that put the business in a more positive position.  “The intention of this process is to give the business the best possible chance of trading through these difficult conditions,” said Glover. “The intention is to keep the business alive and to save jobs; if there was no chance of DCD Marine making it through this difficult time, the business rescue route could not have been taken.”
 Your Name:
 Your e-mail:
 Your colleague's e-mail: - separate emails by commas, maximum limit of 4 addresses
 A personal note:
 

Please enter the letters you see in the image below
Verification Image. Please refresh the page if you cannot see this image.

 
 
 
 
 

Latest content...

Report Cover Buy Report   Just Energy Transition 2024: Investing in the future Buy Report Hydrogen 2024: Implementation crucial going forward Buy Report   Hydrogen 2024: Implementation crucial going forward Buy Report Roads, Rail & Ports 2024: Inefficiencies reach new lows Buy Report   Roads, Rail & Ports 2024: Inefficiencies reach new lows Buy Report Africa Mining PIP cover image Buy Report   Africa Mining Projects in Progress 2024 Buy Report Iron-Ore 2023/24: Bracing for change Buy Report   Iron-Ore 2023/24: Bracing for change Buy Report Platinum Group metals image Buy Report   Platinum Group Metals 2023: Crucial Element in the Energy Transition Buy Report
 
Image of wind farm Hendrina Wind Farm, South Africa Published: 28 Jun 24 Image of Maydon Wharf Maydon Wharf precinct liquid bulk facility, South Africa Published: 28 Jun 24 Image of an FPSO facility Kaminho deep-water project, Angola Published: 28 Jun 24
 
Hedge funds are hoarding cobalt amid battery metal slump Published: 01 Jul 24 Hedge funds are hoarding cobalt amid battery metal slump Hedge funds including Anchorage Capital Advisors and Squarepoint Capital have been building positions in cobalt by buying up physical material, as... Russia's Alrosa buys Degdekan gold deposit from Polyus Published: 01 Jul 24 Russian diamond producer Alrosa has bought a gold deposit in Russia's Far East from miner Polyus, the two companies, both of which are under... South Africa gets new Communications Minister Published: 01 Jul 24 Image of Communications and Digital Technologies Minister Solly Malatsi President Cyril Ramaphosa has appointed Democratic Alliance’s Solly Malatsi as Communications and Digital Technologies Minister as the Government...
 
Engineering News 28 June 2024   Engineering News 28 June 2024 View Back Copy Engineering News 21 June 2024   Engineering News 21 June 2024 View Back Copy Engineering News 14 June 2024   Engineering News 14 June 2024 View Back Copy Engineering News 07 June 2024   Engineering News 07 June 2024 View Back Copy Engineering News 31 May 2024   Engineering News 31 May 2024 View Back Copy Engineering News 24 May 2024   Engineering News 24 May 2024 View Back Copy
 
Register for daily alerts on news as it breaks in various key economic sectors - Click here to register
Close