Todd finally gets A$7b Pilbara mine go-ahead

Tue, 03 Mar 2020

Todd Corp has finally prevailed over the long-standing efforts of minority shareholders in its efforts to green-light a $A7 billion-plus iron ore mine in the Western Australian desert.A single shareholder, OCJ Investments holding 22.5 percent of the company, broke a defiant deadlock that has run since Todd’s first takeover bid for ASX-listed Flinders Mines in 2015.The David and Goliath battle engendered deep distrust among minority shareholders towards Todd and, until today, had been able to count on the unwavering support of OCJ, a mysterious...

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