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.
Gina Rinehart will spend up to $1.1 billion to acquire Mineral Resources’ Lockyer gas project and half of its remaining onshore assets in WA,ending weeks of speculation.
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.
The board of mining giant Mineral Resources is remaining tight-lipped on the external probe it launched into an alleged tax evasion scheme involving its billionaire founder Chris Ellison,as its share price plunges on the back of the saga.
This is despite his own government accusing the National Party of being “owned by the gun lobby” a week ago for accepting a $50,000 donation from the Sporting Shooters Association of WA.
One of Australia’s top lithium producers says no one is making money from mining the key battery ingredient at current prices as electric car sales languish.
There will no pay rises for senior employees this year and fewer perks for office workers ahead of a massive reduction in the miner’s remote workforce.
With Mineral Resources pulling the plug on its Yilgarn iron hub in WA,the race for hopefuls vying for Esperance’s excess rail and port capacity is hotting up.