Big brother Mineral Resources not ruling out rescue as administrators take the keys to RDG

Mineral Resources (MinRes) is considering involvement in the insolvency proceedings of Resource Development Group (RDG), led by Andrew Ellison, after RDG declared insolvency with over $130 million in debt. MinRes, holding a 64.3% stake in RDG, opted not to provide further funding but may participate in a sale or recapitalization process while ensuring employee entitlements are addressed.

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