World’s largest kyanite miner to be wound-up for mismanagement

By Laura Syrett
Published: Monday, 01 October 2012

At the end of August US-based Kyanite Mining Corp. (KMC) was ordered to “wind up and liquidate the business and affairs of the corporation” following a 14-day trial.

At the end of August US-based Kyanite Mining Corp. (KMC) was ordered to “wind up and liquidate the business and affairs of the corporation” following a 14-day trial. The court decision stated that the company mismanaged its assets and treated its shareholders unfairly.

In the ruling, Fairfax County...

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