ASIC

The Australian Securities and Investment Commission (ASIC) has commenced civil penalty proceedings in the Federal Court against Australian Mines for allegedly breaching its continuous disclosure obligations, as well as its (former) managing director and chief executive officer Benjamin Bell for allegedly breaching his directors’ duties.

Avi Kimelman has been charged with insider trading offences at the Magistrates Court of Victoria, following his resignation as a Nova Minerals company director last week.

The Australian Securities and Investments Commission (ASIC) has released a report showing a reduction in mining sector insolvencies compared to last year’s figures.

Nathan Tinkler is one of three former co-directors the Australian Securities and Investments Commission (ASIC) banned from managing companies for between three and four years after failing to uphold their duties as directors.

The Australian Securities and Investments Commission has carried out a search of Excalibur Mining’s offices over allegations of insider trading.

Changes to disclosure rules for resource projects has received backlash from mining industry groups over claims it will affect a company’s ability to properly inform investors.

A former boss of Hanlong Mining has been sentenced to eight years in jail on insider trading charges.

Former Kimberley Diamonds executive chairman Alexandre Alexander has been arrested and charged with misleading the market.

Hancock Prospecting has pleaded guilty to breaches of the Corporations act, resulting in fines worth $130,000 for failing to lodge annual reports with the Australian Securities and Investments Commission on time.

The ASIC has taken civil action against Padbury Mining and two of its directors over funding deals for the Oakajee port and rail project.

Fortescue Metals Group has called in ASIC to investigate an investment advisor which it claims is publishing bogus reports about the company.

ASIC has issued a warning to resources companies transitioning into technology companies to fully disclose their intentions to the market and shareholders.

Legal action has been launched against gold miner Newcrest on behalf of current and former shareholders.

Analysts involved in the Newcrest secret briefing saga could face years in jail if the corporate watchdog decided to take them to court.

Newcrest will pay at least $1.2 million in fines, admitting it failed continuous disclosure obligations after the miner briefed analysts on its market position before making a public announcement.

A self-commissioned disclosure review by Newcrest Mining has mostly absolved the gold miner of any major misconduct.

In the wake of gold miner Newcrest’s reporting scandal the market regulator will increase its scrutiny on company communications during the upcoming reporting season.

Troubled gold miner Newcrest is reassessing its disclosure practices after it was revealed the miner carried out an analyst briefing causing the company to downgrade its valuation weeks before others had knowledge.

The scope of Australia’s corporate watchdog’s investigations into gold miner Newcrest are expected to widen after claims the miner conducted an analyst briefing resulting in her downgrade of the company’s valuation weeks before others were brought into the loop.

The High Court has handed down its ruling on ASIC’s case against Fortescue Metals, which determined the future of Andrew Forrest’s leadership of the company