Ausgold goes into administration

THE sole shareholder and director of Ausgold Mining, controversial Chinese businesswoman Sally Zou has placed her insolvent company into voluntary administration.

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Despite being in the red by around $43 million, Zou claims the company owes her $35 million.

Ausgold  was  called out by the New South Wales Resource Regulator last year when dozens of kangaroos drowned in a slimes storage dam at the Good Friday gold mine in the state's  far