Mineral Resources

Mineral Resources has cut another round of jobs against weak prices for its targeted commodities, this time from its exploration team.

Just one major resources project has been sanctioned in WA this year and the pipeline of future projects is thin, a review by Business News has found.

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.

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.

AustralianSuper was among the big sellers of Mineral Resources shares on Monday, cashing out $48 million worth, following allegations of tax evasion.

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.

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.

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.

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.

Oh dear, Chris Ellison’s actions at Mineral Resources look much worse when you add them all up.

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’ 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.

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.

Our weekly appointments wrap includes Mark Norwell, Bill O’Keeffe, Derek Hays, Brook McGowan, Michael Barnes, Tim Ungar, Charlie Gunningham, and Nathan Drudi.

Mineral Resources’ joint company secretary will become the company’s specialist legal counsel role, as the miner continues to navigate through a turbulent time.

Besieged mining boss Chris Ellison says his offshore tax evasion affairs and corporate governance failures have been a “dark cloud" in his life.

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.

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.

The state's peak planning body has approved Mineral Resources' $850 million Lockyer gas plant, a project set to be owned by Hancock Prospecting.

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.

Shareholder returns were not always reflected in the scale and growth of public-listed executive pay packets last financial year.

The falling iron ore price has had a big impact on WA’s wealthiest.

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.

A push by Mineral Resources' lawyers to hide allegations made by a former company procurement manager continues to play out in the Federal Court.

Hancock Prospecting has completed its $1.13-billion acquisition of two Mineral Resources oil and gas exploration permits.

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.

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.

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".

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.

Unionisation of the Pilbara’s iron ore industry could curtail BHP’s plans to invest in new mines, according to the company’s boss, Mike Henry.

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 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.

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.

Embattled miner Mineral Resources has answered another round of questioning from the Australian Securities Exchange scrutinising its latest financial reporting and share price tumble.

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 closed at its lowest point since 2020 today, after American investment giant BlackRock was revealed to have sold off shares in the company last week.

Embattled miner Mineral Resources has come to the defence of its balance sheet, after Fitch Ratings downgraded its credit rating to BB-, with a negative outlook.

Embattled miner Mineral Resources will drop out of a key ASX index tracking the 50 biggest companies on the market, as its share price battles continue.

Embattled iron ore and lithium miner Mineral Resources has temporarily halted trucking operations on its multibillion-dollar private haul road after another road train rolled over.

Road trains are back on Mineral Resources’ multi-billion-dollar private haul route after operations were temporarily halted following the sixth trucking incident in six months.