Mining sector posts huge increase in business failures as administrations hit record high: CreditorWatch – MASHAHER

The number of external administrations is now at a record high, with mining among the sectors posting a huge increase in business failures amid a nickel price bloodbath.

The number of companies that have entered administration, had liquidators appointed or gone into receivership nationally surged 22.1 per cent year-on-year in March, according to a new CreditorWatch report to be released on Wednesday.