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...

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