Related Story: Reports production has stopped at manganese mine, workers laid off Related Story: Bootu Creek manganese mine in Northern Territory suspends operations A falling commodity price has pushed Northern Territory miner OM Manganese into voluntary administration. As reported by ABC Rural last month, the company had already laid…
by Jim Brunsden and Patrick Jenkins In the late afternoon of November 28, Luigino D’Angelo typed a suicide note on his computer. Twenty minutes later he hanged himself from the banister of his home in the Italian city of Civitavecchia. The 68-year-old pensioner, a former employee of energy group Enel, had lost his life savings…
OM Holdings Limited (ASX:OMH) wholly owned subsidiary OM (Manganese) Limited has entered voluntary administration as trading conditions damage the companys financial position. The manganese miner cited the significant global decline in the demand of manganese and market outlook as adversely affecting the companys financial position, despite efforts to reduce operating costs at its Bootu Creek…
The breadth of Dick Smith’s woes became public when it abandoned its profit guidance. Photo: Glenn Hunt Dick Smith has gone into voluntary administration, with receivers appointed to try to claw back debt owed to the company’s creditors. The electronics goods chain entered a trading halt on Monday, pending an announcement about its “funding position…
Bailouts in Europe should be a thing of the past but will the EU follow its own new rules? In the late afternoon of November 28, Luigino DAngelo typed a suicide note on his computer. Twenty minutes later he hanged himself from the banister of his home in the Italian city of Civitavecchia. The 68-year-old…
James R. Barth Auburn University; Milken Institute Clas Wihlborg Chapman University; University West December 17, 2015 Abstract: Too big to fail traditionally refers to a bank that is perceived to generate unacceptable risk to the banking system and indirectly to the economy as a whole if it were to default and unable to fulfill…
Naomi Halpern has been named as the lead Victorian Senate candidate for Nick Xenophon’s new political party. Photo: Wayne Taylor/Fairfax Media Naomi Halpern, a victim of bad financial advice who was caught up in the collapse of forestry investment scheme Timbercorp, will take the fight up to financial sector and the corporate watchdog at the…
If you haven’t made partner, you haven’t failed This year will be marked not only by a sweep of fresh class actions, but an increase in corporate legal battles as litigation funders bring online a range of new products. Executive chairman Philip Kapp of listed funder JustKapital said the main area of concentration for litigation funders over the next year was…
December 31, 2015 16:00 ET | Source: BPZ Resources Houston, Texas, Dec. 31, 2015 (GLOBE NEWSWIRE) — As previously announced, on November 12, 2015, the Bankruptcy Court entered an order confirming the Companys Second Amended Plan of Liquidation and Seco… Read the full article at: http://globenewswire.com/news-release/2015/12/31/798886/0/en/BPZ-Resources-Inc-Announces-Effectiveness-of-Plan-of-Liquidation.html
HOUSTON, TX December 31, 2015 BPZ Resources, Inc. (OTC:BPZRQ) today announced that the Plan of Liquidation was effective. Houston, Texas, Dec. 31, 2015 (GLOBE NEWSWIRE) — As previously announced, on November 12, 2015, the Bankruptcy Court entered an order confirming the Company’s Second Amended Plan of Liquidation and Second Amended Disclosure Statement. …