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Bald Hill Operations and Mineral Resources Update
Progress Report
- Nov 13, 2024
- 16 pages
Today
MinRes named the best stock to ride 2025 lithium bull run
Morningstar says now is the time to pile back into these shares before prices of the battery material go on a tear next year.
- 1 hr ago
- Alex Gluyas
Yesterday
- Opinion
- Chanticleer
MinRes board fails the pub test. Again
The $45 million transaction revealed by the Financial Review – not by the company – underscores questions over the miner’s governance.
- James Thomson
This Month
Big super demands MinRes board come clean on founder’s private deals
The influential governance advisor to retirement funds has recommended a vote against its remuneration plan citing a lack of integrity and poor disclosure.
- Peter Ker
MinRes flags role in related-party rent relief scheme
The beleaguered miner sought $158,000 repayment from companies linked to the daughter of billionaire founder Chris Ellison.
- Updated
- Mark Wembridge
- Investigation
- Mining
The $45m MinRes property deal – with the Ellisons on the other side
Investors in the iron ore and lithium miner would have had no idea that MinRes’ joint venture partner in a big Perth real estate play was the company’s founder.
- Neil Chenoweth and Mark Di Stefano
Kevin Gallagher to MinRes? Santos doth protest too much
If MST Marquee gas analyst Saul Kavonic had any doubt about whether Santos reads his reports, well, he doesn’t now.
- Myriam Robin
Inside the MinRes investigation: how the secret tax deal came to light
This week, Neil Chenoweth and Mark Di Stefano discuss how Chris Ellison’s secret deal with the ATO came to light and why some investors want the founder to stay on.
MinRes admits it failed to disclose related-party transactions
The West Australian miner says it cannot say why it did not tell shareholders, claiming the board would be “speculating” if it tried to give a reason.
- Mark Wembridge
Meet Chris Ellison’s personal accountant
Yenna Ong, the number cruncher who managed the Mineral Resources founder’s private affairs, rapidly gained great power. Then just as suddenly, she was gone.
- Neil Chenoweth
MinRes saga exposes ESG’s existential crisis (and here comes Trump)
Scandals at Mineral Resources and WiseTech raise hard questions for investors who care about governance and culture. Now Donald Trump’s win raises existential problems for ESG.
- Patrick Durkin
MinRes governance nightmare rages with Hesta putting it on ‘watch’
Hesta said the governance failures at Mineral Resources are “extremely concerning” and ASIC has progressed to an official investigation.
- Updated
- Peter Ker, Patrick Durkin and Jonathan Shapiro
Moody’s downgrades MinRes as big investors demand board overhaul
The credit ratings agency has cut the lithium and iron ore miner to negative, citing the “negative implications” of its governance issues.
- Mark Wembridge
Langer confronts some ‘elite honesty’ as MinRes director
What leads companies, in particular those led by iconoclastic founders, to put well-known faces with few relevant skills into positions of oversight?
- Myriam Robin
Future Fund questions MinRes’ handling of Ellison claims
The comments from the sovereign wealth fund came after influential proxy advisers said directors needed to be more accountable for the governance failure.
- Updated
- Peter Ker
Election results roll in; ASX rallies; MinRes board under pressure
Read everything that’s happened in the news so far today.
- Opinion
- Chanticleer
MinRes mess shows money talks, ESG walks
Shareholder support for Mineral Resources to retain Chris Ellison suggests a limit to the zeal with which institutional investors adhere to ESG principles.
- James Thomson
Brokers warn that Chris Ellison’s long exit clouds MinRes’ share price
One analyst at the Bank of America went so far as to say the big discount in the miner’s valuation made it “vulnerable to M&A or potentially a take private”.
- Mark Wembridge, Tom Rabe and Peter Ker
- Opinion
- Chanticleer
Why every director should fear a MinRes on their watch
Who’s happy at Mineral Resources? No one. That’s what happens when you’re jammed between investors and the outside world.
- Anthony Macdonald
MinRes’ Chris Ellison finds another way to reduce his tax
Having played such a blinder on the ATO already, having it forfeit part of the cost of his contrition seems the least Chris Ellison could try.
- Myriam Robin
Inside the two-week unravelling of Chris Ellison’s hold on MinRes
Monday’s attempt to draw a line in the sand still leaves unanswered questions for shareholders and investigators about the goings-on at Mineral Resources.
- Mark Di Stefano and Neil Chenoweth