The receivers who took charge of the Windimurra vanadium project in February have put the trouble-plagued mine up for sale, with Gresham Advisory Partners appointed to find a buyer.
Subiaco-based gold company Indochine Mining has fallen into the hands of administrators after it failed to attract a party willing to fund its Mt Kare project in Papua New Guinea.
Rob Ferguson has resigned as chairman of litigation funder IMF Bentham after failing in a push for the company's three executive directors, including founder Hugh McLernon, to retire from the board.
West Perth-based Red Fork Energy, which has raised $125 million from investors over the past three years to support its shale drilling program in the US, has collapsed after losing the support of its major lender.
An unexpected windfall could tip $50 million into failed construction company Forge Group as its receivers continue to recover money owed and make debt payments.
Litigation funder Bentham IMF has recruited Ferrier Hodgson partner Andrew Saker as its new managing director, to replace company founder Hugh McLernon.
Metals X has been forced to increase the price it is paying for Reed Resources' Meekatharra gold project to $9.9 million after administrators announced a surprise competing bid had been lodged just before a creditors meeting on Thursday.
Collapsed engineering firm Forge Group's old premises in West Perth have firmed as a likely landing spot for automotive parts buying group Capricorn Society, which is looking to consolidate its office requirements into one location.
Metals X has bought the Meekatharra gold operations for $7.7 million less than a year after the holding company – a subsidiary of Reed Resources – was placed into the hands of administrators.
Investors in collapsed engineering contractor Forge Group have been dealt more bad news, with the company's liquidators declaring shareholders' stock holdings are now worthless.
Forge Group employees could be waiting up to six months to access $50 million owed to them and business creditors could be facing an even longer wait, according to Ferrier Hodgson.
Mine site water infrastructure group GFR has become the sixth Perth-based company to call in administrators in as many weeks, citing deteriorating trading conditions and significant contract delays.
Administrators of Forge Group say the failed engineering and construction company may have been insolvent for three months before it collapsed, but that investigations into whether directors had br
South Korean contractor Samsung C&T has announced it will take over the work previously contracted out to failed construction company Forge Group at Roy Hill.
Forge Group administrators Ferrier Hodgson held the first creditors meeting in Perth today, where it was revealed there are now only 90 Australian staff still employed by Forge, down from 1,622.
Litigation funder Bentham IMF and law firm Slater & Gordon will pursue a potential class action against failed engineering contractor Forge Group amid allegations of misleading and deceptive conduct by the company.
A three-month battle to keep Forge Group afloat has come to a sudden end, with administrators and receivers called in to manage the company's assets after financier ANZ Banking Group withdrew support for the engineering contractor.
Reed Resources has announced a $26 million write-down following the collapse of a potential sale by the administrators of the company's Meekatharra gold project.
Saracen Mineral Holdings has purchased the Thunderbox gold project from Norilsk Nickel for $23 million, in a deal which could double the company's production to up to 270,000 ounces per year.
Mining transport company AL Logistics has gone into voluntary administration as it seeks to secure a $2 million investment to pay its creditors and continue operating.
Noble Mineral Resources has been placed into voluntary administration a day after announcing it was looking to restructure its Ghanaian subsidiaries' debt to secure additional funding, after it fai
Perth builder Gavin Construction has officially ceased trading, capping off a horror month that has seen six significant Western Australian businesses in contracting, engineering and mining fall into administration or receivership.
Embattled property developer Luke Saraceni's battle with the corporate watchdog will move to the Supreme Court after his appeal to the Full Court of the Federal Court was dismissed this morning.
West African gold miner Noble Mineral Resources has halted surface mining operations at its Bibiani project in Ghana, as it evaluates funding options for an underground development.
The receivers of Great Southern have today made public its preference for timber company Gunns to assume responsibility for most of the collapsed company's plantation schemes.
Almost one year before Great Southern collapsed under a mountain of debt, board members of the agribusiness provider were acutely aware the company faced a serious cash-flow problem.
