Mineral Resources has admitted that it should have informed shareholders about a decade-long rental relief scheme involving companies linked to the daughter of billionaire founder Chris Ellison.
The beleaguered ASX-listed miner said the rental relief scheme that benefited companies associated with Kristy-Lee Craker between 2012 and 2023 was considered related-party in nature, and that shareholders should have been told of its existence.
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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
