ASX Announcements
Onslow Iron Haulage Operations
Progress Report
Change in substantial holding
Becoming a substantial holder
Change in substantial holding
Change in substantial holding
This Month
Haul road closure triggers billion dollar debt worries at MinRes
Workplace safety authorities are investigating the crucial link between the miner’s Pilbara iron ore operations and port, raising new questions about shipments.
Mineral Resources’ problems run deeper than a hedge fund attack
Companies love blaming hedge funds and short-sellers for stirring up trouble, when really they have only themselves to blame.
Latest MinRes truck crash heaps more pressure on loss-making miner
A sixth jumbo road train has rolled on the critical haul network in WA’s Pilbara, raising questions over the miner’s ability to hit its shipment targets
ASIC kickstarts deregulation agenda to lighten director loads
The chairman of the corporate regulator, Joe Longo, will also on Wednesday call for more science and technology experience in the boardroom.
Qantas chairman warns directors of ‘dominant CEOs’ in board search
The successful careers and dominant personalities of founders and overly powerful CEOs can trip up even the most seasoned corporate players, John Mullen says.
L1 Capital chases MinRes’ sinking stock
The Melbourne firm continues to be a buyer of the shrinking Perth-based miner.
Ellison-run garnet mine faces punishment over unsanctioned development
The Lucky Bay operations are already behind schedule, with WA officials finding six evaporation ponds were built without permission from authorities.
Ellison loses billionaire status after MinRes shares collapse
The New Zealander’s net worth is estimated to have fallen below $1 billion after shares in the miner he founded fell 40 per cent over the past month following a stream of setbacks.
Morgan Stanley gives up on lithium rebound as supply woes return
The US broker has walked back from its bullish December call that it’s safe for investors to re-enter the beaten up sector. At the time, its top pick was Mineral Resources, which has since dived 40 per cent.
Leaked report a glimpse into MinRes’ troubled road to nowhere
Slicing through the Pilbara at a cost of hundreds of millions of dollars, the Onslow road, which opened last year, was meant to be paved with gold. Instead, it is crumbling.
February
Three charts reveal how MinRes’ Ellison is feeling the market’s wrath
The former sharemarket darling is now the ASX’s most shorted stock amid mounting concerns about its ability to repay its debts.
MinRes v the market: Ellison taken to the cliff edge
The mining magnate’s attempts to calm market fears resulted in MinRes shares cratering.
MinRes shares plummet as Ellison deflects capital unease
The admission that heavily indebted MinRes would spend $230 million to repair its flagship Onslow haul road put its $5.1 billion debt burden in sharp focus.
What we learnt: NAB’s plunge could be the start of the bank correction
Investors have been trying to figure out what would cause surging banks to come back to earth. We may have just found the catalyst.
MinRes dives to $800m loss and slashes iron ore guidance
The Chris Ellison-led miner cut forecasts for iron ore shipments after cyclones damaged its Onslow haul road, dragging its shares to lows not seen since 2020.
MinRes confirms Ellison exit, board rules no further penalties for MD
Mineral Resources’ embattled board has confirmed to shareholders that Chris Ellison will depart the miner.
Chris Ellison begins paying his penalties to MinRes
The Mineral Resources founder was hit with a series of financial charges from the company over his activities over the course of a decade.
Chris Ellison’s ally says the quiet part out loud
The managing director of Mineral Resources has been telling investors and anyone who’ll listen that he’s innocent.
Truck crashes on MinRes’ iron ore haul road pile up
A fifth road train has rolled over on the private haul road network, two days after the miner dismissed the possibility of another accident.
January
MinRes debt balloons as ASIC probes governance failures
The iron ore and lithium miner has fallen further into the red, as Australia’s corporate watchdog investigates embattled billionaire founder Chris Ellison.