Fishburners: Sydney start-up hub enters voluntary administration

The organisation behind of Australia‘s largest and longest-standing early stage start-up communities has collapsed into voluntary administration. KPMG Australia’s Gayle Dickerson and Phil Quinlan will oversee a strategic restructing of not-for-profit Fishburners, which has fostered more than 35,000 entrepreneurs since 2011, including furniture company Koala and pet-sitting service Mad Paws. The Sydney-based hub supports tech…

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CQ exploration permit on market after liquidation

Cor Cordis has a call out for expressions of interest in a Many Peaks Copper exploration permit about 98km south of Gladstone following the company’s liquidation. The permit (EPM 279298) comprises 71 sub-blocks covering about 221sq km and provides for the exploration of all prescribed minerals other than coal.  An application for the winding up of…

Petra to Close Finsch Mine, Lay Off More Workers

Petra Diamonds will close its Finsch mine and reduce staff to focus on higher-value stones at Cullinan amid a weak diamond market and currency challenges. Petra will shutter the Finsch mine, which primarily produces smaller diamonds, due to weak market demand and low prices. The company will focus on the Cullinan mine, known for larger,…