Introduction to Mineral Resources announcement

Mineral Resources (ASX:MIN) has responded to recent media reports regarding its Managing Director, Chris Ellison. The company has engaged external legal counsel to investigate issues concerning payments to offshore entities linked to Ellison. MinRes emphasizes its commitment to strong corporate governance and transparency.

Summary of Mineral Resources statement

Mineral Resources has addressed media reports by reaffirming its commitment to robust corporate governance. An external legal counsel is investigating payments made to offshore entities related to Chris Ellison. Ellison has been cooperative, self-reporting his tax issues and repaying the owed amounts. The board maintains confidence in Ellison and plans to update stakeholders upon completing the investigation. Mineral Resources continues to focus on its diversified operations across Western Australia, maintaining transparency and governance as core principles.

Executive commentary on recent events

Chris Ellison has cooperated fully with the investigation as it progresses well. He has self-reported his tax issues to the Australian Taxation Office, repaid the amounts owed, and informed the board of these matters. The board retains full confidence in Ellison's leadership and plans to release another statement after completing its inquiries.