Australian billionaire Gina Rinehart gives away $7 million in cash prizes to employee

Australian billionaire Gina Rinehart has handed out a total of $7 million in cashe prizes to employees over just a few months. The prizes were given as part of the celebrations at her recent 70th birthday party and previously at the company’s Christmas party, a spokesperson for Rinehart’s Hancock Prospecting confirmed to 7NEWS.com.au. The mining … Read more

Award-winning Perth craft beer brewery Golden West Brewing Co enters administration

A craft beer brewery in Perth has collapsed, more than half a year on from the appointment of restructuring practitioners. Golden West Brewing Co officially went into administration on February 28, and a meeting with creditors is scheduled to take place on March 12. Mathieu Tribut from GTS Advisory has been appointed administrator. Stream local … Read more

West Australian building company Modco Residential enters voluntary administration

West Australian building company Modco Residential has entered voluntary administration, blaming rising costs and the media for its downfall. The WA building regulator, Building and Energy, warned the public to be “cautious” when dealing with the company because it had significant reason to believe it was under financial stress, with several court cases launched against … Read more