Tamarind NZ to go in administration

THE New Zealand subsidiary of Malaysia-based Tamarind Resources gone into voluntary administration, blaming the falling oil price and a “number of commercial factors” for the company’s financial woes.

Tamarind NZ to go in administration Tamarind NZ to go in administration Tamarind NZ to go in administration Tamarind NZ to go in administration Tamarind NZ to go in administration

Blames the falling oil price

 
The company has said administrators will take direct control over assets and records  in order to squeeze any remaining value out and achieve a better return than if it went straight to