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Super giant dumps MinRes stake as board changes loom

Superannuation giant HESTA has dumped its remaining stake in Chris Ellison’s Mineral Resources as the crisis-stricken mining company prepares to name its new leadership team.

Debby Blakey, chief executive of the $91 billion super fund, blamed “serious governance concerns” for its decision to sell out of the loss-making miner, whose board is in turmoil after three directors quit within a week.

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Lucas Baird is a journalist based in The Australian Financial Review's Sydney office. Connect with Lucas on Twitter. Email Lucas at lucas.baird@afr.com
Mark Wembridge covers resource companies for The Australian Financial Review, based in Perth. He formerly worked for the Financial Times in London and Hong Kong. Connect with Mark on Twitter. Email Mark at mark.wembridge@nine.com.au
Joshua Peach is a data journalist at The Australian Financial Review Email Joshua at joshua.peach@nine.com.au

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    Original URL: https://www.afr.com/companies/financial-services/super-giant-dumps-minres-stake-as-board-changes-loom-20250512-p5lyf4