Finance

Todd Corp facing fourth defeat on giant WA iron ore mine

Pattrick Smellie
Wed, 26 Feb 2020

Minority shareholders of Todd Corp-controlled Flinders Mines appear determined to vote down proposals for a multi-billion dollar iron ore development in Western Australia’s Pilbara region.While not assured, a defeat looks the more likely outcome at a March 3 extraordinary general meeting in Perth, where some 4,000 or so minority shareholders owning 44.4 percent of the Flinders register hold the whip hand.Face-to-face briefings last week in Perth, Adelaide, Sydney, Melbourne and Brisbane were so thinly attended that Flinders’ three independent d...

Unlock all stories
free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
Comprehensive business and markets coverage
News via email, web and Apple/Android apps

Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Find out more

Subscribe now

Name

E-Mail Address

Password

Confirm Password

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Cardholder's Name

Card

You will be charged in 10 days unless you cancel beforehand. We will remind you three times before charging you.
All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service {{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Or Subscribe with Google

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

The Economist

House prices braced for a storm

The Economist | Mon, 27 Jun 2022

The pain of rising mortgage repayments will be harder to bear in some places than in others. House prices may be most sensitive to rate rises in Australia and NZ, Canada and the Nordics.

The Economist

NATO holds its most important summit in generations

The Economist | Mon, 27 Jun 2022

Jacinda Ardern becomes the first NZ prime minister to attend a NATO summit, this week in Madrid. The meeting marks a crucial moment in the alliance's approach to both Russia and China, says The Economist.

Transport

The $200m question: funding free public transport in Auckland

Oliver Lewis | Mon, 27 Jun 2022

A new report outlines four possible solutions to a $200m question.

Todd Corp facing fourth defeat on giant WA iron ore mine

Subscribe now

Or Subscribe with Google

Not convinced yet?

Your company has a subscription

Team