Mineral Resources has agreed to defer repayments on an interest-free $135 million loan to an ASX company led by chief executive Chris Ellison's brother.
Embattled miner Mineral Resources has answered another round of questioning from the Australian Securities Exchange scrutinising its latest financial reporting and share price tumble.
Outgoing Mineral Resources boss Chris Ellison says he won't make a "very good ex-managing director" when questioned on whether he'll remain engaged with the company he founded.
Chris Ellison has insisted there was "no design fault" with the newly built haul road to MinRes Onslow Iron mine despite spending $230 million fixing the piece of private infrastructure.
Mineral Resources has posted a half-year loss of $807 million driven by a major impairment on its Bald Hill lithium mine as it prepares to resurface the entire cyclone-hampered Onslow Iron haul road.
Chris Ellison has paid the $3.8 million penalty handed down in the fallout from his tax evasion scandal as Mineral Resources' search for a new chairman draws out until June.
Hancock Prospecting spent $500,000 on donations to arms of the Liberal Party last financial year, in search of a government "more attuned to Australians".
Mineral Resources remains upbeat about its financial position as market forces and the fallout from founder Chris Ellison's tax affairs weigh on the business.
ANALYSIS: As MinRes prepares for a future without its founder, Gina Rinehart's Hancock Prospecting has moved on its gas business and countercyclically acted on an appetite for lithium.
The Supreme Court of WA has struck out parts of Mineral Resources' claims against Destec, in a dispute over the Chris Ellison-founded company's intellectual property.
Former Premier Mark McGowan has put some of the onus for the pace of the state's contentious approvals system back on industry, while stressing the importance of relationships in business.
Hancock Prospecting will take over some of Mineral Resources' negotiations in the $850 million Lockyer gas project, following the $1.1 billion deal between the companies.
Mineral Resources insists its stake in a Bullsbrook industrial park was not a related-party transaction, while Chris Ellison has agreed to sell properties leased to the company.
Mineral Resources' joint company secretary will become the company's specialist legal counsel role, as the miner continues to navigate through a turbulent time.
Our weekly appointments wrap includes Mark Norwell, Bill O'Keeffe, Derek Hays, Brook McGowan, Michael Barnes, Tim Ungar, Charlie Gunningham, and Nathan Drudi.
Embattled miner Mineral Resources is set to shutter its Bald Hill lithium mine in the Goldfields in a move that will put the jobs of 300 workers in limbo.
Mineral Resources' board says its historical management of related party deals was “not as robust” as it could have been in the fallout of Chris Ellison's offshore tax affairs.
Corporate regulator ASIC, giant superannuation fund HESTA and ratings agency Moody's are among groups continuing to apply pressure to MinRes over its governance standards and financial health.
Mineral Resources boss Chris Ellison is set to depart the iron ore and lithium miner within 18 months and pay millions of dollars in financial penalties.
Embattled miner Mineral Resources has paused underground development at its Mt Marion asset and revealed the scale of its job cuts amid challenging market conditions.
Gina Rinehart's Hancock Prospecting has struck a deal to buy Mineral Resources' Perth Basin gas assets for up to $1.13 billion and pledged to accelerate their development.
Mineral Resources started an investigation into founder Chris Ellison's tax affairs more than two years, but decided the matter did not need to be disclosed.
ANALYSIS: After a week or so of intense scrutiny around his private life, WiseTech Global boss Richard White has stepped aside today, proving founders are vulnerable to the public mood.
Mineral Resources shares have crumbled about 12 per cent this morning after allegations emerged its chief Chris Ellison evaded tax for years through an offshore scheme.
Annual production at Hancock Prospecting's proposed Mulga Downs iron ore mine in the Pilbara has been cut from 20 million tonnes to 12mt after the miner slashed the project footprint.
Lithium Universe has defied market trends to post an upbeat prefeasibility study for its Bécancour lithium carbonate refinery in the Canadian city of Québec, delivering a pre-tax NPV of US$779 million (AU$1.17 billion) and an annual EBITDA of US$147 million (AU$221 million) in its bid to service the growing North American market and fill the conversion gap by reducing the need for Chinese product.
A Chinese stimulus package announced yesterday afternoon designed to spark property investment has resulted in a $21.4-billion boost to WA's iron ore players on the stock exchange.
MinRes has revealed maiden resources for its Lockyer gas and Erregulla oil projects in the Perth Basin, as it reviews its path forward in the region amid a stalemate with government.
