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MinRes admits it should have disclosed related-party transactions
Energy & Natural Resources 2024-11-13 4:23 pm By Andy Sidler

Facing a probe by the corporate regulator, mining giant Mineral Resources has admitted that it should have disclosed transactions relating to managing director Chris Ellison’s company. 

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Court clarifies licensing regime in win for offshore wind project
Energy & Natural Resources 2024-11-11 2:51 pm By Sam Matthews

A judge has overturned energy minister Chris Bowen’s refusal to greenlight energy company Seadragon’s offshore wind farm project off the coast of Gippsland.

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Rio Tinto defeats appeal by Russian aluminium producer over war sanctions
Energy & Natural Resources 2024-11-11 11:40 pm By Andy Sidler

An appeals court has backed a decision by six Rio Tinto units to refuse delivery of alumina to Russia’s largest aluminium producer because it would run afoul of sanctions imposed after Russia invaded Ukraine.

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BHP says shareholders can’t expand class action because of ‘drafting error’
Class Actions 2024-11-08 11:12 pm By Cindy Cameronne

BHP has told an appeals court a shareholder class action should not be allowed to expand the group definition to correct an alleged drafting error.

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ASIC launches formal MinRes probe over Ellison tax dodge claims
Investigation 2024-11-07 11:53 pm By Christine Caulfield

The corporate cop has launched a formal investigation after the airing of tax evasion allegations against Mineral Resources’ billionaire founder, Chris Ellison.

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MinRes boss Chris Ellison to step down after disclosure, integrity failures
Energy & Natural Resources 2024-11-04 11:07 pm By Andy Sidler

Founder and managing director of mining company Mineral Resources Chris Ellison will step down after an internal investigation found he engaged in misconduct.

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Brookfield wins conditional approval for $10B Neoen play
ACCC 2024-10-31 11:59 pm By Andy Sidler

The ACCC will clear asset manager Brookfield’s $10 billion acquisition of French renewables giant Neoen on the condition that it shed Neoen’s Victorian assets and projects.

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BHP class action gets 3 extra weeks for high-stakes trial
Class Actions 2024-10-30 11:03 pm By Sam Matthews

A shareholder class action against BHP over the 2015 Fundao dam collapse in Brazil has won a bid to add an extra three weeks to a six-week hearing to account for any evidentiary surprises.

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Freehills the firm of choice for MinRes, WiseTech as bosses face scrutiny
Article 2024-10-29 11:50 pm By Christine Caulfield

As Mineral Resources and WiseTech face shareholder glare over accusations levelled at their billionaire bosses, it is Herbert Smith Freehills that their embattled boards have turned to.

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Judge rejects franchisees’ ‘colourable’ cross-claims against United Petroleum
Franchises 2024-10-29 11:34 pm By Sam Matthews

United Petroleum will not face cross-claims by franchisees, with a judge calling the bid “a very colourable application” to create overlap with a class action in the Supreme Court.

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