Markets

Shareholders seek ASIC probe into Todd-controlled Flinders Mines

Pattrick Smellie
Thu, 21 Jul 2022

Shareholders seek ASIC probe into Todd-controlled Flinders Mines

Todd Corp has been pursuing a giant iron ore project in the Pilbara, like that pictured, since 2014. (Image: Getty)

Pattrick Smellie
Thu, 21 Jul 2022

Minority shareholders of Western Australian iron ore developer Flinders Mines have renewed their battle with Todd Corp, lodging a formal request for an investigation by the Australian Securities and Investment Commission into dealings at the ASX-listed company.Flinders minorities have been at war on and off with the board of Flinders Mines (FMS), which is controlled with a 59% shareholding by Todd Corp, the holding company for the estimated $4 billion of assets held by New Zealand’s wealthiest family.As a group, they represent no more tha...

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Shareholders seek ASIC probe into Todd-controlled Flinders Mines

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