SYDNEY -- Chris Ellison, the founder and managing director of Mineral Resources, will step down within the next 12 to 18 months after a board investigation into tax evasion allegations and other governance issues found the billionaire had "not acted with integrity" and damaged the reputation of the Australian iron ore and lithium miner.
Commodities
MinRes founder to leave iron ore and lithium company amid scandal
Mining magnate Chris Ellison hit with millions in penalties
Chris Ellison, founder of Mineral Resources, will depart the company amid allegations including of improper use of company funds. (AAP Image/Courtesy of MinRes)
Read Next
.jpg?width=700&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=394)
Latest on Commodities
