This Month
Profit talks louder than scandals for White and Ellison
The founder of WiseTech continues to dominate the annual Rich Bosses list despite his involvement in a high-profile corporate scandal.
MinRes reconsiders Ellison’s exit, admits Kali share trading probe
The diversified commodities and mining services giant’s managing director had agreed to leave next year. Now the company will “review” the transition.
June
MinRes spruiks its $3.5b Onslow project, the ‘Club Med of the Pilbara’
The bank-busting project has the market divided, with its remote location and haulage road troubles. But the mining giant says it’s all blue sky from here.
Mineral Resources accused of political posturing in port levy fight
The iron ore miner is contesting the validity of millions of dollars in port levies set to flow to energy giant Chevron.
The photographer, the mother-in-law and Ellison’s lithium windfall
The Kali Metals IPO was a stroke of good fortune for the MinRes managing director and many of his friends and family. Now the regulator is taking a closer look.
Top executives see take-home pay stagnate amid golden parachute slump
News Corporation’s Robert Thomson has the highest realised remuneration, according to research commissioned by superannuation funds that calculates real pay.
May
Ellison shrugs off MinRes downgrade for haul road charm offensive
The embattled mining magnate personally showed shareholders around Mineral Resources’ $3b Onslow Iron project, shortly after cutting its production forecast.
Footage reveals state of MinRes’ crucial road ahead of investor visit
Chris Ellison will front a tour of the project to reassure analysts and shareholders that repairs are working, despite another cut in production guidance.
Can MinRes’ cleanskin chairman tame the Chris Ellison show?
Malcolm Bundey will have one of the biggest governance mop-up jobs in years, with the heavily indebted miner facing investigation by the corporate regulator.
MinRes’ new chair to pocket $8.34m if he turns miner around
Mineral Resources board has lured Malcolm Bundey, a packaging sector veteran, to become its chair with a bumper package of share options.
Super giant dumps MinRes stake as board changes loom
HESTA has sold its remaining holding after it criticised the Chris Ellison-led miner for its lack of action on improving its corporate governance.
April
MinRes rules out equity raise as debt mountain hits $5.4b
The diversified miner burnt through $300m of cash in three months, but its shares jumped as fears of a dilutive share placement were alleviated.
Gina Rinehart-backed Delta Lithium to spin out WA gold mine
The junior explorer will separate its gold assets into Ballard Mining and launch an IPO to take advantage of astronomical demand.
Sign here! MinRes succession goes to petition
One of Chris Ellison’s most loyal associates launched an unlikely way to keep him at the embattled miner.
MinRes loses the final member of its board ethics committee
Denise McComish’s abrupt exit follows the departure of Jacqueline McGill and Susie Corlett from the West Australian miner, which already had investors on edge.
Super funds demand answers after MinRes board exodus
Susie Corlett and Jacqueline McGill have been critical of founder Chris Ellison, and their exit has raised questions about plans to overhaul governance.
MinRes and Chris Ellison face class action over ‘misleading conduct’
The loss-making miner has rejected claims its share price was “artificially inflated by the company’s misconduct” and that investors suffered losses as a result.
March
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.