Major deep sea mining company goes bankrupt

A company which had dreams of becoming the world’s largest deep sea mining company has declared bankruptcy. Norwegian company, Loke Marine Minerals, aimed to hold licences in the Pacific and the Arctic. Now, their deep sea mining dreams have been shattered. Loke also owns UK Seabed Resources, which holds the UK’s two deep sea mining…

Ocean Reeve Publishing declares bankruptcy

Monday, 17 February 2025    Books+Publishing @booksandpublishing Ocean Reeve Publishing, a hybrid publisher based in Queensland and in Aotearoa New Zealand, has declared bankruptcy. In a statement, the Reeve family said, ‘websites, emails, [and] social media related to ORP or Ocean Reeve will be disabled and no longer active as Ocean Reeve Publishing will cease…

Small business thrown a lifeline under new insolvency rules

The proposed changes will allow businesses to keep trading while they develop a debt restructuring plan. Photo: Supplied. Federal Treasurer Josh Frydenberg has announced plans to overhaul insolvency rules in an effort to help small businesses that are struggling because of the coronavirus pandemic. The changes will apply to businesses with liabilities of less than…

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