Mineral Resources chair Malcolm Bundey has moved to reassure investors that Chris Ellison was "not involved" in deliberations to acquire his brother's collapsed Resource Development Group.
Mineral Resources has been cleared to take control of Chris Ellison's brother's collapsed Resource Development Group, acquiring its subsidiaries in exchange for forgiving $160 million in debt.
Mineral Resources is prepared to forgive $160 million of debt as part of a deal to acquire the companies and assets of Chris Ellison's brother's collapsed Resource Development Group.
Mineral Resources will front up to $14.5 million to fund the administration of Chris Ellison's brother's collapsed Resource Development Group, after putting brakes on funding last month.
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.
Mineral Resources boss Chris Ellison has struck a deal with his brother Andrew Ellison's company to sell two of its non-core manganese assets while also providing project funding and mining services assistance.
Our daily board moves wrap includes Paul Brennan, Davide Bosio, Blaise Thomas, Shri Amitava Mukherjee, Narendra Nanda, Quinton Hennigh, Andrew Haslam, Andrew Ellison, and Richard Eden.
Less than a year after its takeover of construction contractor Central Systems, Resource Development Group is selling subsidiaries Ecologia Environment and Intellect Systems.
Salaries for newly-appointed chief executives at WA-listed companies were down by 20 per cent from the levels prevailing last year, research by Business News has found. Click through to see salary packages for 77 WA chief executives.
Facing a slowdown in mining-related construction work, indigenous contractors are diversifying into new fields, establishing joint ventures and highlighting their Aboriginal credentials. Click through to also see our BNiQ list of 25 major indigenous contractors in WA.
Resource Development Group has appointed Andrew Ellison and Richard Eden to its board of directors, following the acquisition of Central Systems Pty Ltd last month.
Infrastructure, energy and resources service provider Resource Development Group has jumped 275 per cent today on news it will acquire Perth-based Central Systems.
IF only all company directors could go out on such a high.Five years after establishing Forge Group, Peter Hutchinson and Andrew Ellison are leaving the business.
In February this year, Andrew Ellison knew he had an uphill battle on his hands when he acquired the operating business of Bunbury-based Devaugh Constructions from administrators.
