The five miners who are trapped underground on the lowest mining level of the Du Toitspan mine in Kimberley following an underground water flood and mud rush early last week on the 890-metre level are now presumed deceased. In a statement issued by the chief executive officer of Ekapa Resources and Ekapa Minerals, Jahn Hohne,…
In a recent press release, Nacon announced that it has filed for insolvency after make a partial repayment of its bondloan to the bondholders. The announcement comes a few days after Nacon announced that it will hold a new Nacon Connect on March 4. Nacon further clarifies the situation in the aforementioned press release, stating…
Andrea Manson, the civic head of Shetland Islands Council, was disqualified after her former business, Mid Brae Inn Limited, went into liquidation owing HM Revenue and Customs (HMRC) more than £170,000 in tax. Council convener Manson, 67, was one of two directors of the company that operated the Mid Brae Inn pub. An investigation by…
Gurukirpa Contracting owed $9,411,130 in unpaid tax, according to the final liquidation report filed by the Official Assignee in December. In response, Singh failed to file the company’s statement of affairs and the business was liquidated without any assets being discovered to repay the tax debt. Singh now faces the possibility of being banned as…
French publisher and hardware manufacturer Nacon has filed for insolvency, after Bigben Interactive, the majority shareholder in the company, failed to make a partial lone repayment. This appears to have caused a knock on effect that has led the company to declare that its “available assets do not allow it to meet its due liabilities.”…
KIMBERELY – Nkosikhona Lila, an official of the National Union of Metalworkers of South Africa (Numsa), confirmed today, Wednesday 25 February, that Ekapa Minerals Mine in Kimberley went into liquidation as from 12:00 today. No official statement from the company has been forthcoming. The sudden liquidation of the company, the union’s exclusion from the process,…
JOHANNESBURG – The Ekapa mine in Kimberley has shut down with immediate effect. The five workers who were trapped underground are now presumed dead. The company has also applied for liquidation. Meanwhile, 385 workers have reportedly not been paid this month. In a statement, the company said: “After careful consideration of all operational, financial and…
After revealing that the writing is on the wall, the known AA publisher and accessory maker Nacon has filed for insolvency, putting the company in jeopardy. Last week, it was reported that Bigben Interactive (Nacon’s parent company) was facing serious financial issues that were affecting its subsidiaries’ businesses. According to a Traxion report, Nacon temporarily suspended…
by William D’Angelo , posted 2 minutes ago / 49 Views France-based publisher Nacon announced it has filed for insolvency and applied for the opening of judicial reorganization proceedings before the Lille Metropole Commercial Court. Read the press release below: Nacon Announces That It Has Today Filed for Insolvency and is Requesting the Initiation of…
Nacon, the publisher behind the upcoming GreedFall: The Dying World and other games like Hell Is Us and RoboCop: Rogue City, has filed for insolvency. In other words, Nacon is out of money; as such, the publisher has requested the initiation of judicial reorganization proceedings. Insolvency, in this instance, means Nacon is unable to pay…