ASIC launches formal probe into MinRes and Ellison
Australia’s corporate watchdog has ramped up its investigation into Mineral Resources managing director Chris Ellison over his involvement in an elaborate tax evasion scheme.
Australia’s corporate watchdog has ramped up its investigation into Mineral Resources managing director Chris Ellison over his involvement in an elaborate tax evasion scheme.
The mining magnate has stressed China’s ‘horsepower’ means trade will be healthy despite US election results, while outlining Fortescue’s future green energy plans.
Future Fund has raised issues with MinRes boss Chris Ellison along with BHP over the handling of its Samarco disaster.
Fortescue intends to grant performance rights regardless of whether shareholders vote down the move at the company’s annual meeting in Perth on November 6.
Mineral Resources founder Chris Ellison had an uncompromising style that has delivered billions of dollars in profits, but a late twist has muddied his reputation.
The board-ordered investigation found mining billionaire Chris Ellison had at times failed to act with integrity and financial benefits flowed from Mineral Resources to parties, including his daughter. Shares drop more than 8 per cent.
Angela Bennett’s Wright Prospecting has posted a $277.2m profit as she awaits the outcome of a bitter legal battle with fellow iron ore heiress Gina Rinehart.
He was appointed, and then sacked, by Donald Trump as US Navy secretary but Austal chair Richard Spencer is comfortable the future of the alliance is safe.
The mining and contracting company says its relationships with key customers are strong enough to withstand any reputational damage from a tax scandal involving founder Chris Ellison.
Reclusive billionaire Chris Wallin says he shifted investment away from Queensland over the past two years because of the former Labor government’s disdain for mining.
Original URL: https://www.theaustralian.com.au/author/brad-thompson/page/7