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Mineral Resources founder Ellison to step down
Mineral Resources to Find New MD; Imposes Penalties on Founder
The mining company’s founder Chris Ellison will step down as managing director over the next year or so and incur multimillion-dollar financial penalties amid a company probe into a private tax settlement and conduct concerns.
Mineral Resources Says Ellison to Step Down After Probe
Mineral Resources Ltd. said its tycoon founder, Chris Ellison, will be penalized A$8.8 million ($5.8 million) and will step down within 18 months after the Australian miner launched an investigation into undeclared payments made to companies owned by him.
Mineral Resources founder Ellison to step down after tax evasion probe, penalties imposed
MIN.AX founder and Managing Director Chris Ellison will step down from the board and incur a combined A$18.4 million ($12.1 million) in financial penalties and lost remuneration, the company said on Monday.
Mineral Resources: MD Chris Ellison Incurs Board-Imposed Financial Penalties of A$8.8 Million
Dow Jones Newswires is a market-moving financial and business news source, used by wealth managers, institutional investors and fintech platforms around the world to identify trading and investing opportunities,
Mineral Resources Probes Payments to Tycoon Founder
Australia’s Mineral Resources Ltd. is probing payments linked to founder and Managing Director Chris Ellison, even as the board said it has full confidence in him and his leadership.
1h
on MSN
Mineral Resources shares sink 7% on CEO exit and 'major actions'
This mining company's CEO is leaving following a scandal. The post Mineral Resources shares sink 7% on CEO exit and 'major ...
thenightly
1h
Mineral Resources board delivers $18.4m blow to Ellison over tax scandal as he heads for the exit
Mineral Resources boss Chris Ellison will be out the door soon and has copped a multimillion-dollar penalty in the fallout of ...
Mining Weekly
6d
Mineral Resources says investigation to finish by next week
Mineral Resources said its investigation into undeclared payments made to companies linked to its tycoon founder, Chris ...
4d
Hedge fund L1 buys up Mineral Resources during the scandal sell-off
The investor lifted its stake in the troubled miner to 6.5 per cent in the same week that fellow shareholder AustralianSuper ...
6d
Fresh blood at Mineral Resources could be circuit-breaker the company needs
Proxy houses have been calling around shareholders in Mineral Resources in recent days to assess whether to recommend that ...
Best Junior Mining Stocks
1h
Westgold Resources: Polar Star Lode Emerges at Bluebird-South Junction
Au in drill hole 24SJDD028 PERTH, Western Australia, Nov. 4, 2024 /CNW/ - Westgold Resources Limited (ASX: WGX) (TSX: WGX) ...
3d
U.S. GoldMining: Exploration Boosts Resources, While Fed Rate Cut Fuels Stock Recovery
U.S. GoldMining is a Canadian gold explorer developing mineral resources at the Whistler gold-copper project in Alaska. Learn ...
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