The corporate watchdog will pay more than $3.5 million to TerraCom staff, including former chair Wal King, after the court dismissed its legal action against the thermal coal company.
The Federal Court of Australia has dismissed the corporate watchdog's action against thermal coal company TerraCom and its staff including former chair Wal King.
Sundance Resources boss Giulio Casello has taken a big pay cut as the company seeks to cut costs, with the Perth-based explorer also locking in a $1.3 million investment to assist in the search for a partner for its Mbalam Nabeba iron ore project in Africa.
Iron ore explorer Sundance Resources has announced a package of cost-cutting measures, including a reduction to its board and staff, in an effort to reduce expenditure amid current market conditions.
Sundance Resources has appointed former Leighton Holdings chief executive officer Wal King as its new chairman, following the retirement of current chairman George Jones after the company's AGM in November.
Ausdrill managing director Ron Sayers says he no longer plans to step down from the role next year, despite the prospect he could face a retrial on tax fraud charges.
Ausdrill has backed former Leighton Holdings chief executive Wal King to continue serving on its board despite allegations of bribery and corruption against Mr King and several other executives.
Former Leighton Holdings chief executive Wal King has been recruited by Hong Kong-based CITIC Pacific as a senior adviser to help deal with problems at its trouble-plagued Sino Iron project.
The $10 billion tragedy of Western Australia's failed magnetite iron ore processing experiment risks becoming something worse next year, as the price is pushed down by a flood of iron ore supply an
Former Leighton Holdings chief executive Wal King has been recruited by Hong Kong-based CITIC Pacific to help deal with problems at its trouble-plagued Sino Iron project.
Control of construction and contracting group Leighton Holdings is in play, with Spanish company ACS launching a bid for its German parent, just days after Leighton announced the retirement of long serving chief executive Wal King.