The corporate watchdog has permanently banned two local brokers from providing financial services for misconduct, while winding-up three abandoned companies based in Western Australia.
There may have been a breach of corporate duties at Queensland Nickel, according to the company's administrators, which have recommended the Clive Palmer enterprise be liquidated.
The Supreme Court has appointed a receiver to take charge of the Yindjibarndi Aboriginal Corporation in the lead-up to a general meeting set for next month to settle a long-running dispute with a breakaway organisation backed by Fortescue Metals Group.
Nearly 100 Western Australian companies entered external administration last November, giving the state its highest share of the national total in nearly a decade.
Laura Ashley faces an uncertain future in Australia after the women's clothing and homewares retailer, famed for its pastels and prints, called in the administrators.
Oil and gas company Buru Energy has flagged job cuts and the sale of acreage in the Canning Basin to save costs, as a drilling contractor employed at Buru's Ungani project falls into administration.
Private equity group Auctus Chillagoe looks set to gain control of Atherton Resources, after major shareholders said they would vote in favour of the improved $56 million offer.
Private equity group Auctus Chillagoe's proposed takeover of Mungana Goldmines looks set to be defeated, with Mungana's major shareholders announcing their intention not to accept the offer.
Carna Group has been placed into administration after revealing it is fighting the owners of the Griffin coal mine for payment for work done prior to walking off the Collie mine last year.
Iron ore miner Pluton Resources has settled proceedings against junior secured creditor Rizhao Port Group Logistics, which includes the removal of receivers appointed by Rizhao in disputed circumstances last month.
Watpac Civil & Mining says it will resume limited works at Pluton Resources' Cockatoo Island iron ore project following discussions with the troubled miner's receivers, KordaMentha.
Perth-based Liontown Resources says it will accept just $465,500 to satisfy an outstanding settlement around the sale of its Liontown base metal deposit in Queensland to collapsed miner Kagara, which was later offloaded to Red River Resources.
Pluton Resources says its major shareholder General Nice Resources has appointed KordaMentha as the company's receivers, after secured creditor Rizhao Port Group Logistics yesterday tried to appoint representatives from FTI Consulting to the same role.
Pluton Resources is in the midst of a battle between creditors, with major shareholder General Nice Resources and secured creditor Rizhao Port Group Logistics fighting over who gets to appoint receivers to the iron ore miner.
Melbourne-based nickel explorer PLD Corporation has signed an option agreement to buy collapsed miner Kagara's Admiral Bay zinc project in the Canning Basin for a cash and shares package worth up to $7 million.
Western Australia has recorded its highest number of insolvencies for a month in nearly two years, with 841 companies entering external administration across the country in July.
Exploration firm Red River Resources has seen its share price jump by over 80 per cent after it entered into a $6.5 million agreement with the administrators of collapsed explorer Kagara, for the sale of its projects in northern Queensland.
Increasingly online-savvy customers have fuelled business and government demand for digital communications advice, which in turn has spurred public relations firms to increase their offering in this specialist area.
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.
Base Metals miner Kagara has cancelled the sale of half its remaining Queensland assets after negotiations with the purchaser, which failed to come up with $6 million in deposits for the projects i
Kagara Mining's distressed asset firesale has hit a speed bump, with the purchaser of the collapsed base metals miner's remaining Queensland mines missing a deadline to pay $6 million worth of depo
Cheryl Edwardes has been appointed as a strategic project adviser at Atlas Iron, as well as a senior advisor to FTI Consulting's strategic communications segment in Perth.
Global business advisory group FTI Consulting, best known in Perth for its public relations division, has acquired insolvency practictioner and corporate advisory firm Taylor Woodings.
FIVE public relations firms dominated the Western Australian corporate finance market last year, with FTI Consulting ranked a narrow winner based on the value of transactions it worked on.
Australia investors have emerged as one of the most pessimistic compared to other countries, in a new survey of senior fund managers who say the global financial crisis is still not over.
Perth public relations firm Porter Novelli, owned and managed by Paul Downie and John McGlue, will operate under the FD Third Person banner after it was acquired by Financial Dynamics International.
