mineral resources investigation into undeclared payments to conclude next week

The investigation into undisclosed payments associated with Mineral Resources Ltd. founder Chris Ellison is expected to conclude next week.

The inquiry is focused on payments that Ellison, who serves as managing director and is a significant shareholder, did not disclose. These payments are said to have come from overseas entities connected to Ellison and his business partners.

Ellison clarified that these payments occurred before the company went public in 2006 and were related to contracts for mining equipment and parts. This situation raises concerns about the company's compliance and transparency as it deals with the consequences of these undisclosed transactions.

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