Cor Cordis

One of state’s biggest residential construction firms, Builton Group, has succumbed to the financial stresses engulfing the sector, appointing an external administrator earlier today after reports of the company’s financial troubles emerged last week.

Roebourne-based indigenous group Ngarluma Yindjibarndi Foundation, which employs more than 50 people at its business operations throughout the Pilbara, has been placed into voluntary administration.

Food distributor Blue Cow Cheese has been placed into administration, with Cor Cordis’s Joseph Nipps and Clifford Rocke appointed as administrators.

Graeme Yukich’s European Foods has purchased Blue Cow Cheese, which went into administration last month.

Perth’s hospitality woes have continued, after fish and chip chain Sweetlips entered liquidation and Raine Square tenant Tim Ho Wan closed its doors after less than a year.

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.

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 launched a $240 million equity raising to fund its acquisition of Altura Mining’s Pilgangoora lithium project.

Several Perth companies executed value-creating mergers and acquisitions last year, none more so than Pilbara Minerals.

Greenbatch Foundation is in voluntary administration after losing income due to events cancelled in Perth’s recent COVID-19 lockdown.

A privately-owned mining group owned by a trio of high-profile contractors has gone into voluntary administration owing creditors more than $100 million.

Administrators have been appointed to Port Hedland contractor MJW Building, which had been working on a series of projects for the local government.

Cor Cordis has been appointed as liquidator of Griffin Coal, joining receivers Deloitte, with the power to potentially cancel a supply deal with Bluewaters.

Revealed: New numbers offer the clearest picture yet inside Griffin Coal’s finances, with liquidators suspecting the miner may have been insolvent for two years before its September collapse.

Lanco will be pushing to replace Griffin Coal’s liquidators but lost its preferred appointment of Pitcher Partners after Bluewaters Power Station’s intervention in the Federal Court.

More than 100 homes under construction by financially troubled Simsai Construction Group will be handed over to new builders as administrators begin notifying customers.

Simsai Construction Group’s directors may have breached their duties by withdrawing funds when the troubled residential builder owed significant debts and was operating at a loss, according to an administrators' report.

A deli and cafe on the Victoria Park dining strip has closed its doors, with a liquidator citing impacts from COVID as one of the reasons for the shutdown.

Administrators of EVM Nickel have succeeded in securing a four-month extension to potentially start a sales campaign for the company’s mining assets.

The Federal Court of Australia has dismissed Bluewaters Power’s bid for an inquiry into the alleged misconduct of Griffin Coal’s receivers despite finding an element of mistrust between the parties.

The largest employer on the tropical Cocos Keeling Islands in the Indian Ocean has called in administrators to help restructure its financial affairs amid economic challenges.

Spanish engineering giant Acciona has dumped French multinational Veolia from a contract to run WA’s largest and most expensive waste management facility at Kwinana.