NEW ZEALAND

HRL expands in New Zealand

FORMER geothermal energy concern HRL Holdings will be forced to recapitalise to meet the requirements of the Australian Securities Exchange listing rules following its move into the environmental consulting and hazardous material analytical laboratory business.

HRL Holdings has remaining geothermal interests in Victoria's Otway Basin. Last year HRL (then known as Hot Rock Ltd) completed merger with consultancy Octief and more recently announced the acquisition...

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