Lawyers for Mineral Resources’ beleaguered chief Chris Ellison have argued the court should maintain sweeping gag orders over his now-settled row with a former contracts boss.
In a brief statement at the miner’s annual general meeting Ellison expressed deep regret over the tax scandal that had cost him his job and assured shareholders he had repaid all personal expenses the company footed the bill for.
He gained a reputation as the proudly uninhibited billionaire mining boss behind Mineral Resources’ meteoric rise,but it was what Chris Ellison kept hidden that led to his downfall.
Premier Roger Cook has expressed his disappointment,but stopped short of saying he’d hand back $9000 in donations the scandal-engulfed miner made to WA Labor.
The managing director will vacate his role and pay a multimillion-dollar penalty after a major probe concluded he had used company resources for personal gain.
The board will detail how it intends to handle an alleged tax evasion scheme involving founder Chris Ellison,as $2.4 billion is shaved off the company’s value.
Gina Rinehart’s Hancock Prospecting has joined forces with a Chilean mining giant in a $1.7 billion bid to takeover Australian lithium miner Azure Minerals.
Mining companies are spending big,transforming harsh outback mining camps with luxury accommodation,Olympic-sized swimming pools and restaurants in a bid to turn them into female-friendly workplaces.
Mineral Resources wants to build a $1.5 billion facility to process and export liquid natural gas from its promising Perth Basin fields in West Australia.
Gina Rinehart’s Hancock Energy has increased its bid for Perth Basin gas player Warrego Energy by almost 30 per cent after 15 per cent of its target was reportedly snapped up by Mineral Resources.