Companies

Oct 27, 2009

Kiernan empire continues to bemuse

The intrigue around the empire of mining entrepreneur Michael Kiernan continues to bemuse, with the cornucopia of companies with which Kiernan associates appearing to spend more time in administration than US-based airlines.

Adam Schwab — Business director and commentator

Adam Schwab

Business director and commentator

The empire of mining entrepreneur Michael Kiernan continues to bemuse. The intrigue is furthered given the cornucopia of companies with which Kiernan associates appear to spend more time in administration than US-based airlines.

2 comments

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2 thoughts on “Kiernan empire continues to bemuse

  1. peter

    As a shareholder in Territory and Monarch, I can assure you he does not have a midas touch!

  2. iman

    ASIC is currently investigating the whole damn mess, including the role of Pitcher Partners’ Brian Hughes.

    Malcolm Randall, mentioned in the article above is a close associate of Kiernan’s and co-director in some companies; Randall is also a director of United Minerals Corporation, UMC, whose entire board is also being investigated by ASIC regarding a variety of issues relating to UMC and the BHP attempted takeover bid.

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