This Month
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.
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.
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.
Broadening the director talent pool could help fix the ‘founder problem’
Innovative entrepreneurs with the relevant skills and experience are disqualified from serving on the boards of companies that would benefit from their presence.
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.
January
ASIC descends on MinRes and Ellison
The corporate watchdog has issued notices to MinRes founder Chris Ellison and chief financial officer Mark Wilson forcing them to sit with investigators.
December 2024
The good, the bad and the ugly of corporate Australia in 2024
Big deals, big names, big disasters. From AirTrunk to Woolies to our own Nine Entertainment, here are the biggest moments of the year.
Rear Window’s year in review: scoops, scandals, and power plays
This week on The Fin podcast, Rear Window editor Myriam Robin on the megalomaniac trying to solve Australia’s housing crisis, the column’s scoop of the year and the Clubland rebellion.
The surprisingly small details that broke our biggest stories of 2024
Our reporters take you behind the scenes to reveal how they broke some of this year’s most engaging stories.
MinRes asks for gag order on former executive to be lifted
The request, agreed to by the Federal Court, means the company’s board can obtain its own advice and regulators can access previously confidential documents.
Perth’s billionaire set is piling into this little-known medtech
The value of West Australian nerve repair biotech Orthocell has doubled since September as it beefs up its shareholder bases and prepares to break into the US.
November 2024
Embattled Ellison a no-show at MinRes-backed Delta AGM
Billionaire MinRes founder Chris Ellison avoided Delta Lithium’s shareholder meeting after quitting as chairman of the mining junior on Monday.
Chris Ellison quits as Delta Lithium chairman ‘effective immediately’
The businessman said he was leaving the junior explorer to focus on Mineral Resources, where he intends to quit as managing director within 18 months.