Mining firm ordered to be wound up

The High Court has ordered that an Irish-registered mining and exploration business be wound up after it failed to repay loans of £18.6m (€26m).

Mr Justice Paul Gilligan appointed Kieran Wallace of KPMG as liquidator to Oman Resources Ltd after being satisfied that the company is insolvent and unable to pay its debts as they fell due.

Oman Resources Ltd, with a registered address at Hatch St Lower, Dublin 2, was incorporated in 2008. Its interests included acquiring, establishing, and managing oil and gas interests in Turkey and other countries outside of Ireland.