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mining companies under liquidation

mining companies under liquidation

  • Chinese-backed mining company, CuDeco, goes into ...

    Chinese-backed CuDeco's Rocklands Copper Mine was mothballed in July last year, owing workers and conPulverizers $60 million Now that the company is in liquidation, employees can claim up to 13 weeks' unpaid wages Former conPulverizers, however, are unable to claim an estimated $59 million, while shareholders are considering a class action

  • mining companies under liquidation - -china

    mining companies under liquidation Judge to order liquidation of Buckingham mining company for... Judge to order liquidation of Buckingham mining company for... closely held mining companies,... be taken under control by new owners or continue... McDaniel Mining Company Liquidation: Who are the other priority...

  • Goldrich Mining Provides Update on Liquidation of Joint ...

    23/12/2019  SPOKANE, WA / ACCESSWIRE / December 23, 2019 / Goldrich Mining Company (OTCBB:GRMC) ("Goldrich" or the "Company) provides an update regarding the liquidation of Goldrich NyacAU Placer, LLC ("GNP") and the arbitration between Goldrich and NyacAU, LLC ("NyacAU"). GNP was a 50/50% joint venture between Goldrich and NyacAU, to mine the various placer deposits that

  • Revival Of A Company Under Liquidation Under The Companies ...

    24/08/2020  Upon a company being ordered to be wound up under the Companies Act the Official Liquidator is appointed as the liquidator of the company and all properties and assets of the company vests in the custody of the Company Court in accordance with the Act. These assets and properties are essentially then to be liquidated and the sale proceeds thereof are to be distributed in accordance with

  • KBL Mining Limited (In liquidation) - KPMG Australia

    On Thursday 8 September 2016, Matthew Woods and Stephen Vaughan of KPMG were appointed as Joint and Several Administrators (“the Administrators”) of KBL Mining Limited (“Company” or “KBL”) by James Wall, Robert Besley, and Gregory Starr (“the Remaining Directors”). Voluntary administration is a statutory process designed to provide for the business, property and affairs of an ...

  • Liquidation in the construction industry - Designing ...

    16/03/2020  Liquidation in the construction industry - Designing Buildings Wiki - Share your construction industry knowledge. The term ‘insolvency' describes the inability of a debtor to pay its debts. In the United Kingdom, insolvent individuals are made 'bankrupt', while companies are put into 'liquidation' or 'administration'. In cases of administration, a key objective is to try to ensure the ...

  • EXCLUSIVE: Liquidation allows Mintails to shirk ...

    21/08/2018  Mintails Mining and several related companies have announced their liquidation, throwing into question the environmental rehabilitation of

  • The Liquidators of Thotanyana Mining Civil Works (Pty ...

    Companies Act 2011 and Insolvency Proclamation 1957 - do they provide for provisional liquidators? - Is there provision for first meeting of creditors to proof claims and elect liquidators? Full judgment IN THE COURT OF APPEAL OF LESOTHO HELD AT MASERU C of A (CIV) NO.: 23/2019. CCA/0035/2016 In the matter between: LIQUIDATORS OF THOTANYANA MINING CIVIL WORKS (PTY) LTD (in liquidation ...

  • Key legal and commercial considerations for administrators ...

    One reason prescribed for section 102(3) is if the company is in liquidation: regulation 102 of the Mining Regulations 1981 (WA). 37. If there is no objection to the exemption application, then the Minister for Mines (or their delegate in the Department) will determine whether to grant or refuse the exemption. 38.

  • News of Companies That Have Gone Bust in the UK - Company ...

    Read the latest news on companies that have gone into administration, liquidation or CVA in retailing, manufacturing, services, and other industries plus other interesting topics regarding insolvency. Advice available for directors and employees of UK companies.

  • Revival Of A Company Under Liquidation Under The Companies ...

    24/08/2020  Upon a company being ordered to be wound up under the Companies Act the Official Liquidator is appointed as the liquidator of the company and all properties and assets of the company vests in the custody of the Company Court in accordance with the Act. These assets and properties are essentially then to be liquidated and the sale proceeds thereof are to be distributed in accordance with

  • Mines engage RBZ over forex liquidation period The Herald

    Golden Sibanda MINING firms have engaged the Reserve Bank of Zimbabwe (RBZ) over the exchange control requirement that compels the miners to liquidate their foreign currency if not utilised after a...

  • Contentious gold miner CRG placed under liquidation ...

    17/05/2019  The troubled mining company, which has not paid salaries in more than four months and has previously been accused of not paying over salary deductions such as pensions, Unemployment Insurance Fund and tax, was placed under liquidation after one of its creditors got a court order for the company’s liquidation.

  • Zambia’s biggest copper mine might get the lights turned off

    Lusaka — Vedanta Resources’s Zambian unit, which is in provisional liquidation, is fighting to keep the lights on after a power company threatened to reduce supply because of a $132m bill,...

  • Key legal and commercial considerations for administrators ...

    One reason prescribed for section 102(3) is if the company is in liquidation: regulation 102 of the Mining Regulations 1981 (WA). 37. If there is no objection to the exemption application, then the Minister for Mines (or their delegate in the Department) will determine whether to grant or refuse the exemption. 38.

  • Zambia : The Decision on KCM is Final, says President ...

    KCM Liquidation Government has placed KCM under liquidation. We are told that the Liquidator, Mr Milingo Lungu, will keep operations and all workers in place while a smooth transition to a new...

  • Under IBC, 378 companies owing Rs 2.5 lakh crore sent for ...

    29/05/2019  NEW DELHI: As many as 378 companies with total creditor claims of Rs 2,57,642 crore have so far been sent into liquidation under the Insolvency and Bankruptcy Code till March 31, 2019, latest data from the Insolvency and Bankruptcy Board of India (IBBI) showed. Of these, 64 companies, or more than 16%, had received bids higher than the liquidation value of the assets, but lenders

  • Voluntary Liquidation Liquidation Attorneys

    After liquidation the company is striked off of the company registrar. In practice though, the companies details are still listed on the company registrar but gets referred to as a company in liquidation, with the words being added to the companies name in brackets. The seperate legal persona of the company is ended and the company is not allowed to trade anymore. In some instances, especially ...

  • Browse/search notices

    FIRST MEETING OF CREDITORS OF COMPANY UNDER ADMINISTRATION (MEETING ONLY) - 436E(3)(b) ... In Liquidation. View. Published: 14/09/2020. NOTICE OF MEETING OF ELIGIBLE EMPLOYEE CREDITORS Paragraph 444DA(2)(a) Insolvency Practice Rules (Corporations) 2016 s75-40(1) A.D. Engineering International Pty Ltd . ACN: 074 815 955 Status: Administrator Appointed.

  • Can a Company Continue to Trade When in Liquidation?

    08/07/2015  Being insolvent is different to liquidation – insolvency is a state whereas liquidation is a resolution. When a company is insolvent it means it is unable to pay the debt it owes; this is the first step towards possible liquidation. In this state there are a number of options available to rescue the situation; but if none of these are feasible or applicable then liquidation will occur and ...

  • Voluntary Liquidation Liquidation Attorneys

    After liquidation the company is striked off of the company registrar. In practice though, the companies details are still listed on the company registrar but gets referred to as a company in liquidation, with the words being added to the companies name in brackets. The seperate legal persona of the company is ended and the company is not allowed to trade anymore. In some instances, especially ...

  • Copper Mining Companies in Uttar Pradesh QuickCompany

    Companies; Uttar Pradesh; Copper Mining Copper Mining Companies in Uttar Pradesh Mining Of Metal Ores ... Show Filters Filters ; Under Liquidation X; Copper Mining X; Industry. Pharmaceuticals: Antibiotics, Endocrine Products (17) Hire Purchase Financing (14) Cotton Spinning (6) Mutual Funds (6) Commission Agents Nec Wholesale (4) Fruit And Vegetable Radiation Preservation (3) Iron And Steel ...

  • Tutwa Ngulube petitions Avarmma Mining Company for ...

    31/10/2019  By Mwaka Ndawa on October 31, 2019 LUSAKA lawyer Tutwa Ngulube’s law firm has petitioned Avarmma Mining Company limited in the Lusaka High Court seeking a declaration that the company be liquidated and wound up for failing to pay over $400,000 in legal fees to the law firm and for failing to pay its creditors since last year.

  • Botswana's Tati Nickel Mine out of liquidation after court ...

    Tati — a subsidiary of the liquidated BCL mine group — has since October 2016 been under provisional liquidation, which was twice extended after liquidator Nigel Dixon-Warren asked for more time to...

  • Zambia ramps up war of words with mining company Vedanta ...

    KCM is 79.4 per cent owned by Vedanta with the rest controlled by state company Zambia Consolidated Copper Mines Investment Holdings. Soon after the government seized control of the mine last year,...

  • Liquidation Definition - investopedia

    09/07/2020  Five Hundred Dollar Rule: A regulation that prevents a bank or firm from liquidating a client's account to cover a margin call, if the amount of the margin call is equal to or less than $500. The ...

  • Liquidation procedures in the USA - Lexology

    04/09/2018  As a general rule, all creditors play a limited role in a liquidation under either Chapter 11 or Chapter 7 of the Bankruptcy Code, because sales are free and clear of liens and claims, with any ...

  • QUO VADIS – business rescue or liquidation? - Werksmans

    03/11/2016  Ultimately, business rescue provides alternatives for financially distressed companies that can result in the company’s debt, management and contracts being restructured and reorganised in a manner that could result in the company continuing to trade on a solvent basis. If the business rescue is successful, the benefits would far outweigh the prospect of a liquidation of the company as it ...

  • A battle to hold mining company accountable

    26/02/2019  “It would appear when a mining company is in business rescue or liquidation, then the directors and liquidators have no duty of care and simply

  • Liquidation procedures in Nigeria - Lexology

    15/12/2017  Under Section 422 of the Companies and Allied Matters Act, the liquidator is appointed by the court. The liquidator’s powers and responsibilities include: bringing or defending any action or ...

  • Copper Mining Companies in Uttar Pradesh QuickCompany

    Companies; Uttar Pradesh; Copper Mining Copper Mining Companies in Uttar Pradesh Mining Of Metal Ores ... Show Filters Filters ; Under Liquidation X; Copper Mining X; Industry. Pharmaceuticals: Antibiotics, Endocrine Products (17) Hire Purchase Financing (14) Cotton Spinning (6) Mutual Funds (6) Commission Agents Nec Wholesale (4) Fruit And Vegetable Radiation Preservation (3) Iron And Steel ...

  • Aluminium Mining Companies in Delhi QuickCompany

    Aluminium Mining Companies in Delhi Mining Of Metal Ores Mining Of Aluminium Ores (Bauxite) ... Filters ; Under Liquidation X; Aluminium Mining X; Industry. Other Business Activities Nec (30) Other Wholesale Nec (29) Business And Management Consultancy Activities (26) All Types Of Textile Garments And Clothing Accessories (12) Residential Contract General Construction (11)

  • Botswana's Tati Nickel Mine out of liquidation after court ...

    Tati — a subsidiary of the liquidated BCL mine group — has since October 2016 been under provisional liquidation, which was twice extended after liquidator Nigel Dixon-Warren asked for more time to...

  • Oxpeckers Mintails collapse: case study in how not to ...

    Mintails Mining South Africa (Pty) Ltd and several related companies have announced their liquidation, throwing into question the environmental rehabilitation of highly-polluting operations near Johannesburg.

  • Waikato mining company fined after 7 tonne rockfall ...

    Judge Marshall found the failure by the company, which according to the companies office is in liquidation, to be "mid level" arriving at $350,000 fine before issuing discounts of 40 per cent.

  • A battle to hold mining company accountable

    26/02/2019  “It would appear when a mining company is in business rescue or liquidation, then the directors and liquidators have no duty of care and simply

  • Liquidation Definition - investopedia

    09/07/2020  Five Hundred Dollar Rule: A regulation that prevents a bank or firm from liquidating a client's account to cover a margin call, if the amount of the margin call is equal to or less than $500. The ...

  • Lake Macquarie engineering firm, Down Under Control, goes ...

    13/06/2019  UNHAPPY END: Lake Macquarie-based mining-services firm Down Under Control's unsecured creditors are awaiting further news from liquidator Jeff Shute about funds owed to them.

  • Liquidation and insolvency - GOV.UK

    All notices which must be delivered to Companies House under the Insolvency Act 1986 or Insolvency (England and Wales) Rules 2016 will be placed on the EC Liquidation and Insolvency Register ...

  • 8 companies involved in multi million pound international ...

    27/11/2015  Company Investigations, part of the Insolvency Service, uses powers under the Companies Act 1985 to conduct confidential fact-finding investigations into the activities of live limited companies ...