Flinders Mines has gained shareholder approval to progress its Pilbara iron ore project, following months of questioning from minority shareholders over the role major shareholder Todd Corporation would play in developing the project.
Minority shareholders in aspiring iron ore miner Flinders Mines expressed frustration at today's AGM over its proposed deal with infrastructure company BBI Group, accusing their board of trying to push through a deal without offering complete details.
Flinders Mines has appointed interim executive director David McAdam as chief executive, and current non-executive director Cheryl Edwardes AM as non-executive deputy chair.
Flinders Mines is launching legal action in the Supreme Court of Western Australia against the owner of stock forum HotCopper Holdings, seeking details of users alleged to have made defamatory statements in relation to the board and company.
Flinders Mines shareholders have backed the company's new board of directors and the prospects of a strategic review into infrastructure options for its flagship asset, the Pilbara Iron Ore Project.
