Part of the Rivet Mining group including Perth-based Australian Road Express, has this week gone into receivership.
Rivet Mining Services which is the re-invented McAleese, provides bulk haulage and ancillary on-site service services such as road construction and maintenance operations to the mining industry.
On Monday, receivers Rob Kirman, Rob Smith and Anthony Connelly of McGrathNicol were appointed to Australian Road Express and Rivet Mining Services and Andrew Cummins, John Carrello and Peter Krejci of BRI Ferrier were put in as voluntary administrators.
The West Australian reported that McGrathNicol, which has taken management control of both businesses, said the receivers intended the companies to operate “in the short-term while they conduct an urgent appraisal of the business”.
“The objective of the receivers is to work closely with management, personnel, suppliers and customers to keep operations running as smoothly as possible whilst this appraisal takes place,” they said.
Australian Road Express employs 180 people at its headquarters in Perth and depots in Adelaide, Melbourne, Sydney and Brisbane.
As we reported in January this year, Rivet sprang from the failed McAleese Group which operated in heavy haulage, iron and gold ore bulk cartage as well as fuel haulage, and collapsed spectacularly in 2016.