News Articles for Richard Tucker

Creditors of collapsed Nicheliving face a further 10-month wait before they can recover the balance of their debts, after the directors gained another extension to their buy-back deal.

Nicheliving's directors' bid to regain full control of the entities is in limbo after they missed a deadline to sell their Northbridge office - a crucial condition of their buy-back plan.

As market pressures persist in the heated construction sector, insolvency experts are seeing trouble spread to mining services.

A Dubai mining investment group has set its sights on collapsed Lucapa Diamond Company, owner of the long-dormant diamond mine once operated by Rio Tinto in the Northern Territory.

The Supreme Court has settled a dispute relating to administration costs over the property company owned by former City of Perth Lord Mayor Lisa Scaffidi and her husband.

Claremont-based proptech Openn Negotiation have exited external administration and returned to the hands of directors.

Suitors have entered the data room for more than a dozen property developments of embattled builder Nicheliving, as administrators look to sell-off assets.

Creditor claims of more than $740 million have piled up against the taxpayer-backed East Rockingham waste-to-energy plant, including from Acciona and National Australia Bank.

KordaMentha administrators have taken control of Nicheliving's construction division, less than a month after the company's directors agreed to a decade-long ban on building homes.

The East Rockingham Waste to Energy plant has been handed over to administrators and receivers with an eye to sell the nearly completed project, which remains embroiled in a legal dispute.

Administrators of Abra Mining have secured a $10 million funding to avoid cutting jobs or suspending the Gascoyne lead mine operation.

Today's board moves wrap includes Lonny Tetley, Natalia Streltsova, Phil McKeiver, Peter Smith, Wang Xiao Bin, Anne Templeman-Jones, Alison Kitchen, Kim Gillis, David Crook, Peter Spitalny, David Wheeler, Paul Williams, Brett Mitchell, Peter Woods, Steven Wood, Charles Nesbitt, Alex Passmore, Jason Maconald, Xavier Braud, Trevor Bradley, David Ransom, Ralph Winter, Bryce Gould, Richard Tucker, John Bumbak, Bilal Ahmad, Joshua Gordon, Robert Beeck, Ben Stockdale, Troy Collie, Laura Tyler, Shannon Coats, Natalie Teo, Stephen Strubel and Cameron Wilson

Aerison Group creditors will have an urgent meeting to discuss a bid from APCINFRA after a proposed arrangement with Pacific Industrial Company fell through.

ASX-listed Perth contractor Aerison Group has called in administrators just over a month after failing to settle a $47 million dispute with iron ore miner Roy Hill Holdings.

Receivers have been appointed to Salt Lake Potash after the embattled business was unable to repay creditors and raise further funds needed for its Lake Way project in the Goldfields.

Pilbara Minerals has launched a $240 million equity raising to fund its acquisition of Altura Mining's Pilgangoora lithium project.

Pilbara Minerals has moved closer to gaining control of Altura Mining's key asset after striking a $US175 million agreement with the lithium miner's receivers and managers.

Perth-based lithium producer Altura Mining has been placed in receivership after the ASX-listed company was unable to refinance its debt, placing 100 jobs at risk.

The Supreme Court of Western Australia has agreed to delay a creditors meeting of Alita Resources, as its administrators assess more than 11 proposals that could revive the fallen lithium miner.

Alita Resources has entered administration just two days after its biggest shareholder, Galaxy Resources, struck a deal to buy the company's $42 million in secured debt.

The receivers of Rosendorff struck a deal last night to sell the jewellery business to an unnamed local buyer already in the jewellery business.

After 55 years of business, iconic Perth jeweller Rosendorff has been placed in receivership.

The Western Australian Club, which has been running since 1893, has been placed in the hands of administrators, one week after another historic icon - West Perth Football Club, founded in 1885 – took the same path.

The directors of Quintis have shed light on two restructuring proposals they had been trying to finalise, after announcing on Sunday they had placed the sandalwood producer in administration because of its inability to make a $37 million payment due in two weeks.

ATM operator Stargroup has been placed in the hands of insolvency firm KordaMentha after the loss-making company was unable to complete a restructure of its $9.1 million debt.

The administrators of troubled oil and gas services provider Go Marine Group say they are confident they can recapitalise the business.

Citation Resources has appointed KordaMentha as voluntary administrators, while the oil and gas company continues to pursue recovery of funds through a civil action against former director Peter Landau.

Troubled miner Mirabela Nickel has been placed in receivership after the directors put it into administration last month.