Recent Posts

OceanaGold says Philippine trucks detained over tax dispute; shares fall

OceanaGold said transportation of copper-gold concentrate from its Didipio Mine in Luzon, the Philippines, has been temporarily suspended after authorities detained its trucks over a tax dispute. The company has delivered about 2,500 tonnes of concentrate to port since production began at the mine but more 2,500 tonnes has piled up at the mine site pending resolution of the dispute. …

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Taxman comes calling on Allied Farmers for $3.7M

Penny-dreadful stock Allied Farmers is teetering closer to the abyss after the Inland Revenue Department issued a statutory demand for $3.7 million in outstanding debt and adding another default event to the failed finance company. The tax department is requiring payment from Allied Farmers Rural within 15 working days of Feb. 14, when the company advised IRD it was in …

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Heartland’s Marac refunds $567k over unpaid loan repayment insurance

Heartland New Zealand’s Marac Finance unit, which was one of three lenders which merged to create Heartland, has refunded more than half a million dollars over unpaid loan repayment insurance rebates in a settlement with the antitrust regulator. The Heartland subsidiary refunded $567,000 to 1,000 customers who repaid auto-loans early between 2006 and 2010 but weren’t refunded the rebate on …

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