Brian McMaster

Wavemaster creditors have cleared the way for the company’s liquidator, KordaMentha, to pursue a $4.7 million legal action against the failed shipbuilder’s Singaporean parent JR Marine.

Picking over the carcasses of failed companies and seeking to bring them back to life is something of a specialty in the Western Australian corporate scene, where the appetite for risk and a ready supply of listed shells have spawned a unique industry.

It was a case of the familiar and the faceless at yesterday's meeting of creditors owed over $1 billion by Rick Stowe's failed Collie coal and power producer Griffin Coal.

EFFORTS to salvage Rick Stowe’s failed Griffin coal and power businesses have slowed as administrators weigh up the appointment of advisers to manage the sales process.

THE administrators of Rick Stowe's failed Griffin coal and power businesses will meet with sales advisers this week to belatedly kick-start planning to recover more than $1 billion owed to creditors.

Indian infrastructure group Lanco Infratech has emerged as the winning bidder for the Collie coal business of Ric Stowe's failed Griffin coal and power empire.

The Collie power stations of Rick Stowe's failed Griffin Coal business are likely to be sold by the end of March, administrator Brian McMaster said today.

A strong theme among Ernst & Young’s western region finalists for the Entrepreneur of the Year is the technology businesses that have developed to service the resources sector.

Shares in Strzelecki Metals have soared after it announced prominent Western Australian businessmen Brian McMaster and Matthew Wood would head up a new board of directors.

Three directors of takeover target Firestone Energy have resigned, leading to the withdrawal of a shareholder meeting requisition by bidder Waterberg Coal Company.

Brian McMaster has been appointed non-executive chairman at Castillo Copper, following director William Ryan's resignation.Mr McMaster is currently a non-executive director at Black Star Petroleum and Wolf Petroleum, and a director of Garrison Capital. 

Perth-based The Waterberg Coal Company (WCC) has agreed to a share swap deal with London-listed investment fund Global Resource Investment Trust (GRIT).

The Waterberg Coal Company has promoted South Africa-based non-executive director Mathews Phosa to non-executive chairman, following the resignation of Brian McMaster.Director Scott Funston has also resigned. 

Malcolm Randall has resigned as chair at MZI Resources, but will remain a non-executive director. Rod Baxter has been appointed chair.Nuheara has appointed Jean-Marie Rudd chief financial officer.

Brian McMaster has been appointed non-executive director of Carajas Copper Company.BrainChip Holdings has announced the appointment of Mark Pitts as company secretary following the resignation of Nerida Schmidt from the role.

Orinoco Gold has appointed Craig Dawson, current chief operating officer, as chief executive officer. John Hannaford has retired as non-executive chair. Current non-executive director, Brian Thomas, will become chair.Kuan Yew Lim has resigned as non-executive director of APAC Coal.

Andrew Haslam and Martin Bryant have resigned as non-executive directors of BCI Minerals.Mark Woodall has retired as non-executive director of Carnegie Clean Energy.

Our board moves wrap includes Darryl Clark, Kent Balas, Jeremy Sinclair, Hian Siang Chan, Justin Mouchacca, Stephen Buckley, Hugh Warner, Harry Greaves, Anthony Cina, George Bauk, Gary Billingsley, Brian McMaster, and Nicholas Lindsay.

Our board moves wrap includes Rob Foster, Mark Edwards, Tony Di Pietro, Robin Wilson, and Brian McMaster.