Australian Mines has settled proceedings taken against it by the Australian Securities and Investments Commission for making “certain admissions of contraventions of its continuous disclosure obligations”.
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ASIC action against Australian Mines
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.
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Former Nova director charged with insider trading offences
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.
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ASIC report: Mining insolvencies have lowered nearly 18% since 2016
The Australian Securities and Investments Commission (ASIC) has released a report showing a reduction in mining sector insolvencies compared to last year's figures.
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ASIC bans Nathan Tinkler from managing companies
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.
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ASIC raids miner’s office
The Australian Securities and Investments Commission has carried out a search of Excalibur Mining’s offices over allegations of insider trading.
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ASIC under fire for supposed disclosure rule changes
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.
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Former mining boss jailed for insider trading
A former boss of Hanlong Mining has been sentenced to eight years in jail on insider trading charges.
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Kimberley Diamonds former chairman arrested
Former Kimberley Diamonds executive chairman Alexandre Alexander has been arrested and charged with misleading the market.
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Hancock Prospecting fined over financial breaches
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.
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ASIC takes Padbury Mining to court
The ASIC has taken civil action against Padbury Mining and two of its directors over funding deals for the Oakajee port and rail project.
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FMG calls in ASIC over ‘misleading’ investment reports
Fortescue Metals Group has called in ASIC to investigate an investment advisor which it claims is publishing bogus reports about the company.
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ASIC cracks down on miners shifting into technology sector
ASIC has issued a warning to resources companies transitioning into technology companies to fully disclose their intentions to the market and shareholders.
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Shareholders launch class action against Newcrest
Legal action has been launched against gold miner Newcrest on behalf of current and former shareholders.
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Newcrest analysts in the spotlight amidst secret briefings saga
Analysts involved in the Newcrest secret briefing saga could face years in jail if the corporate watchdog decided to take them to court.
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Newcrest admits to continuous disclosure breaches, fined $1.2 million
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.
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Newcrest disclosure review fails to find “smoking gun”
A self-commissioned disclosure review by Newcrest Mining has mostly absolved the gold miner of any major misconduct.
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Watchdog hones in as reporting season creeps up
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.
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Newcrest reasseses disclosure practices
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.
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Newcrest briefs analyst weeks before ASX release
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.
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