The tax man has just wound up Green Coast Resources, which exported bauxite from Cape York

It’s all gone pear-shaped for mining outfit Green Coast Resources, which had big plans to become a major exporter in north Queensland.

It’s all gone pear-shaped for a mining outfit which had big plans to become a major exporter in north Queensland.

Green Coast Resources made a splash in 2016 when it became the first company other than Rio Tinto to export bauxite from Cape York.

Brisbane-based Metallica Minerals even happily coughed up a $500,000 loan to help the company move the first shipment from Hay Point, just south of Weipa.

More than 100,000 tonnes of the material, vital for the production of aluminium, had been stockpiled for transport abroad.

Simon Peat

Fast forward five years and everything has come unstuck for Green Coast, which launched in Melbourne nearly 20 years ago and once traded under the banner of South Australian Iron.

Queensland’s tax man, formally known as the Commissioner of State Revenue, just won court orders this week to wind up the company.

The state, which was chasing up to $400,000 in unpaid mining royalties, had twice won default judgments against Green Coast last year for unpaid moneys owing.

We could not get in contact with Green Coast’s sole director, Richard Bond, to learn why everything had gone so horribly wrong.

Records show he had several stints on the board starting in 2010 and most recently returned in April this year.

He served briefly with Simon Peat, who resigned as a director last month after more than four years on the job. He headed for the exits just eight days after the wind up application lobbed in court.

Peat, who is now a director of iron ore explorer Nathan River Resources in the Northern Territory, did not respond to a request for comment.

FALLING IN A HEAP

Brisbane real estate agent Mark Mason struck out on his own seven years ago on a mission to “change the face’’ of the industry.

But his business, trading as Mason Plus Properties, has now fallen in a heap.

Mark Mason

ASIC is in the process of a strike-off action against his company, Mason Properties Pty Ltd, and law firm DSS Law started legal action early last month to have it wound it up.

The next hearing is scheduled for Tuesday and no defence has been lodged yet.

Mason, who now works for Team Solomon Estate Agents at Cleveland, did not return a call seeking comment this week.

POWER SWITCHED OFF

He aimed to help business owners find the biggest ways to save money on their energy bills.

Over the past 15 years, Gold Coast bizoid Kevin Herselman and his firm Eco Powered Solutions provided advice on the best combinations of wind, solar and battery storage.

But the company, which appears to have ceased trading in January, has just been wound up by an order of the Brisbane Supreme Court this week.

Kevin Herselman

Seeking the liquidation was one of its creditors, Tradezone, which is headquartered on the Gold Coast and claims to be Australia’s biggest online electrical wholesaler.

No defence was lodged in the matter and Herselman declined to comment when City Beat reached him Friday. “It’s none of your business mate,’’ he said.

Despite the setback, Herselman is still involved in the industry.

He started working as a project consultant in March for a Burleigh-based mob, Organic Energy Co, which helps deploy solar energy systems for building owners and developers.