An insolvency specialist who previously managed the estate of Lang Hancock will take control of the bankrupt estate of Russell Moran, which include debts of more than $120 million.
Bankrupt former Atrum Coal director Russell Moran has suffered another legal setback, losing an 11th-hour bid to appeal a $290,000 bill issued by failed company Minco Holdings.
Finance group Argonaut has won a Supreme Court ruling against Perth company director Russell Moran, who could owe in excess of $30 million after taking out a high-interest loan six years ago to buy
Subiaco-based Atrum Coal has signed a deal with a Chinese enterprise that will provide a $US100 million ($A127 million) facility and mining equipment to develop a section of its flagship Groundhog anthracite project in Canada.
Perth-based Atrum Coal has announced it will spin-out its coal exploration assets, with plans to launch an initial public offering for a new company on the ASX later this year.
Mining and engineering contractors were the biggest losers today when the S&P Dow Jones rebalanced all of its Australian indices, with RCR Tomlinson one of the few to buck the trend.
The strong three-month rally in Perth company Atrum Coal's share price was halted today, after the company unveiled a 460 per cent increase in resources at its flagship Groundhog anthracite deposit
Canada-focused explorer Atrum Coal shares have commenced trading on the ASX, after the company completed raised $9.1 million through its initial public offering.
