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.
Pilbara Minerals has lodged a $US175 million bid for fellow lithium miner Altura Mining, though Altura is working on its own recapitalisation plan after being put in receivership.
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.
One of WA's largest construction groups has avoided a dispute over allegedly defective building work after arguing the work was undertaken by an entity in liquidation.
Businesses in the hospitality, tourism and retail sectors are holding out for COVID-19 restrictions to lift, as a majority of turnaround professionals believe these businesses won't be able to survive more than three months if the shutdown continues.
The Australian subsidiary of Spanish engineering contractor Duro Felguera has been placed into voluntary administration after becoming mired in multiple legal disputes related to construction of the Roy Hill iron ore project.
Alita Resources has repaid $US32.5 million ($A47 million) to its major shareholder and creditor Galaxy Resources, which confirmed today it would not pursue its planned acquisition of the lithium mi
Collapsed lithium miner Alita Resources has entered a binding $70 million loan agreement with China Hydrogen Energy, three months after the company went into administration.
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 operator of Links Kennedy Bay, which claims to have been named one of the top five public access golf courses in Australia, has gone into liquidation with a large tax debt.
ASX-listed AuStar Gold has entered into discussions with the administrators of Centennial Mining to acquire the failed miner, as it seeks to grow its Victorian gold operations.
The last of the 19 civil actions brought by the Australian Securities and Investments Commission on behalf of a number of investors in the Westpoint Group has been finalised.
Carnegie Clean Energy company secretary and non-executive director Grant Mooney has agreed to help fund the company's operations, while administrators KordaMentha attempt to recapitalise its core wave energy business.
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 Perth-based Guylian Belgian Chocolate Cafe franchise has been placed into liquidation, just over a year after the business opened on St Georges Terrace.
In the latest article in our 25-year anniversary series, we look at the 2006 collapse of Norm Carey's Westpoint group and the continuing legal battles.
The creditors of sandalwood company Quintis, led by US group Blackrock, have proposed injecting $175 million to take control of the business, in a deal that is likely to leave shareholders with no return.
Three partners of McGrathNicol have formally taken control of sandalwood producer Quintis and its Australian subsidiaries after being appointed as receivers and managers today.
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 Foreign Investment Review Board will not oppose the sale of the Ten Network to CBS, leaving one last obstacle to the takeover of the troubled free-to-air broadcaster by the US media giant.
Failed Ten Network Holdings bidders Bruce Gordon and Lachlan Murdoch may be analysing their own independent expert's report ahead of making a decision on challenging the sale of Ten to CBS, a court has heard.
Bruce Gordon has failed in his attempt to derail CBS's takeover of Ten Network after the NSW Supreme Court ruled the embattled broadcaster's administrator gave creditors sufficient information about his rival bid.
US broadcast giant CBS has made a $143 million loan to the Ten Network Holdings to refinance the struggling local outfit's debt - advancing its interest even as a potential challenge to its takeover still stands.
Ten Network says it did not tell shareholders that James Packer was pulling the plug on his financial support for the troubled broadcaster because his backing was not a factor in its share price.
A multi-millionaire industrialist known as Britain's ‘man of steel' has won the bidding battle for Arrium, ending more than a year of uncertainty for the collapsed South Australian steelmaker.
Troubled broadcaster Ten Network has secured a $30 million funding package so that it can keep operating while receivers and managers look to sell or recapitalise the business.
A South Korean consortium has emerged as the likely new owner of troubled steelmaker Arrium after being chosen as the preferred bidder by the Whyalla-based company's administrators.
Ten Network Holdings' newly appointed administrators have pledged to keep the business running as they decide its future, saying they are confident of either rebuilding the broadcaster's finances or finding a willing buyer.
