Latest news with #ChrisEllison
AU Financial Review
6 days ago
- Business
- AU Financial Review
Ellison shrugs off MinRes downgrade for haul road charm offensive
Mineral Resources founder Chris Ellison was wrapping up a pep talk to investors and analysts ahead of a site visit to the miner's $3 billion Onslow Iron project when news of a cut to its iron ore production hit the ASX. It was a difficult moment for Ellison, whose efforts to restore confidence in the troubled project and the accident-prone haul road that links its mine to a port were undermined in real-time by an update that highlighted its problems.
Daily Mail
6 days ago
- Business
- Daily Mail
Ex-NFL star Keyshawn Johnson 'sues agent for $1million' in bombshell filing
Former NFL star Keyshawn Johnson has sued agent Chris Ellison - alleging that he is owed nearly $1milllion for helping him land clients over the years. Super Bowl XXXVII champion Johnson and Ellison reportedly went into business together 10 years ago, with the former receiver agreeing to send clients towards Ellison in exchange for a cut of the contracts they received. However, according to a lawsuit obtained by TMZ, Johnson is alleging that Ellison did not pay him for four players who became his clients. Ellison has denied the claims in the lawsuit, which was filed in Los Angeles last week. The players are listed as 49ers cornerback Deommodore Lenoir, Bears cornerback Jaylon Johnson, Falcons cornerback Mike Hughes and Packers wide receiver Romeo Doubs. According to the suit, Johnson was meant to get one percent commission on players' contracts, which would equate to one-third of Ellison's three-percent commission rate. Lenoir signed a five-year, $88.8million extension with San Francisco last year, while Johnson also signed a four-year, $76million extension with Chicago. Hughes, meanwhile, signed an $18million deal with the Falcons in March, while Doubs is still playing on his four-year $4.34million rookie contract. All told, Johnson believes he is owed $962,335 by Elllison. Ellison runs Be The Best Sports Group, which also represents the likes of Raiders cornerback Darnay Holmes and Eagles rookie receiver Giles Jackson. In March, Ellison took to Instagram to congratulate Hughes on his new contract. 'Congratulations to my family Mike Hughes on re-signing with the Falcons,' he wrote. 'The road from New Bern to Atlanta is not as straight as they think it is. But you did it and I'm proud and blessed to be a part of your life.' Johnson, who is best known for his time with the Jets and Buccaneers, retired from football after the 2006 season after an 11-year career.
Time of India
6 days ago
- Sport
- Time of India
Keyshawn Johnson sues NFL Agent Chris Ellison for not paying $1 million as finder's fees
(Image via Getty: Keyshawn Johnson) A decade-long twist of tale! So, former WR Keyshawn Johnson brought clients for NFL Agent Chris Ellison. Over ten years, Chris Ellison did not pay one-third of the 3% that Ellison made on the four particular players' salaries to Keyshawn Johnson. The players are San Francisco 49ers cornerback Deommodore Lenoir, Chicago Bears cornerback Jaylon Johnson, Atlanta Falcons cornerback Mike Huges, and Green Bay Packers wide receiver Romeo Doubs. As a result, the Super Bowl Champion, Keyshawn Johnson, filed a lawsuit against NFL Agent Chris Ellison. Keyshawn Johnson pushed players to be represented by NFL Agent Chris Ellison for 10 long years TMZ Sports was the first one to report it. On May 28, TMZ Sports wrote that Johnson said in his suit, which was filed in Los Angeles last week, that he and Ellison struck a deal about a decade ago in which the former New York Jets star agreed to push players to be represented by Ellison in exchange for a portion of the NFL contract the athletes received. Chris Ellison owes Keyshawn Johnson over $962,335 as finder's fees Based on the agreement between FOX Sports 1's daily studio show, SPEAK's co-host, Keyshawn Johnson, and the NFL Agent, Chris Ellison, Ellison should have paid $962,335 to Johnson, but he has not done that yet. And, so, Johnson has sued Ellison to acquire $1 million as finder's fees. NFL Agent Chris Ellison denies claims made by Super Bowl Champion Keyshawn Johnson When TMZ Sports tried to get in touch with Ellison, the NFL Agent said he denied all of the claims made by Keyshawn Johnson in the lawsuit. A year ago, Keyshawn Johnson congratulated NFL Agent Chris Ellison for being real with his client Jaylon Johnson Back in March 2024, Keyshawn Johnson congratulated NFL Agent Chris Ellison for being real with his client (Jaylon Johnson, cornerback for the Chicago Bears) and not being an agent for fake numbers! On March 2024, Mike Florio of NBC Sports reported that Jaylon Johnson could have made $19.8 million, fully guaranteed, for 2024. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Esta nueva alarma con cámara es casi regalada en Santo Tome (ver precio) Verisure Undo Instead, he traded it in for a $76 million, four-year deal with $54 million guaranteed. The deal averages $19 million. Johnson could have made $19.8 million this year end(2024) if tagged again in 2025, $23.76 million. That's $43.56 million over two years. The convention when it comes to turning a franchise tag into a long-term deal is to ensure the first two years of the tag are fully guaranteed at signing. Maybe it is. Maybe the deal is front-loaded. For now, however, there are real questions about whether Johnson got fair value for trading in the $19.8 million tag for 2024 and the availability of a 20-percent raise if tagged again. Also Read: Romance in Sports Realm: Cleveland Browns DE Myles Garrett is dating Olympic gold medalist Chloe Kim | NFL News - Times of India Get IPL 2025 match schedules , squads , points table , and live scores for CSK , MI , RCB , KKR , SRH , LSG , DC , GT , PBKS , and RR . Check the latest IPL Orange Cap and Purple Cap standings.
ABC News
7 days ago
- Business
- ABC News
Shire of Coolgardie angers mining industry with 97 per cent rates hike
A cash-strapped regional shire in Western Australia's Goldfields is pushing on with plans to hike mining rates despite significant public backlash. The move has drawn the ire of industry titans in Perth and local prospectors. The Shire of Coolgardie, which was founded on the discovery of gold in 1892, has taken drastic steps since March when it revealed it was facing a $6.5 million budget deficit. The local government, colloquially known as "the mother of the Goldfields", was already dealing with an ongoing investigation into former CEO James Trail when it this month proposed raising mining rates by 119 per cent. The plan to increase the rate in the dollar for mining rates from 0.23667 to 0.52030 would result in increases for all operating mining companies and tenements within the shire. The proposal attracted 21 submissions during public consultation, with a further 179 submissions lodged in a petition. Objections flowed from major employers in the Goldfields, including companies controlled by mining magnates Andrew Forrest and Chris Ellison, and powerful lobby groups such as the Association of Mining and Exploration Companies (AMEC). At Tuesday's ordinary council meeting in Coolgardie, councillors voted in favour of a slightly reduced increase in the rate in the dollar of 0.46827. It equated to a 97 per cent increase in mining rates. Councillors also agreed to provide a 30 per cent concession for prospectors and a 25 per cent concession for exploration companies, reducing forecast rates revenue by $481,478. The shire has forecast rates revenue of $20.57 million in 2025-26, up $7.86 million from the $12.71 million forecast in 2024-25. Shire of Coolgardie president Mal Cullen had defended the proposed increase, telling the ABC the additional income would help cover the cost of a $10.4 million capital works program to repair roads damaged by increased heavy vehicle movements and mining activity in the past three years. "The reasoning behind the proposed increase is to maintain infrastructure in the shire, such as the road network," he said. "The cost of operation of local government these days is significant." Deputy shire president Tracey Rathbone said the shire had done its best under the circumstances, telling the packed public gallery at Tuesday's meeting that "voices have been heard". "It has not been an easy budget to work through," she said. The angry response to the proposed hike was reflected by the Eastern Goldfields Prospectors Association, which took out a full-page newspaper advertisement in Tuesday's edition of the Kalgoorlie Miner. The advertisement depicted the shire as the grim reaper and urged ratepayers to "stand with us", calling for the appointment of administrators and for Local Government Minister Hannah Beazley to intervene "before mining is destroyed". "We're upset, our members are ropeable they've been targeted to get the shire out of trouble," president Cranston Edwards said. "They just go to the mining industry for a quick fix, it's a like a drug addict … we've been attacked." Prospector Ferdinand Gere said the proposed rates hike was unrealistic and scandalous. Privately-owned gold miner, Corinthian Mining, said if approved, the rates bill on its tenements would jump nearly $300,000 a year to $511,534. The shire disputed that figure. Corinthian Mining managing director Noel Wemyss said it risked Coolgardie's reputation as a stable place to invest. Ms Beazley has been contacted for comment. Mr Ellison's Mineral Resources, which placed its Bald Hill mine near Kambalda into care and maintenance last year, has been working closely with the Shire of Coolgardie on plans to upgrade the Kambalda Airport. It said the proposed increases differed markedly from neighbouring local governments with no evidence-based rationale to justify the hike. In response to a similar comment during the council meeting's public question time, shire president Mal Cullen said each shire had different budget considerations to work through when drafting rate increases. Mineral Resources manager of land access and tenure, Michael Bycroft, said it would result in a $400,000 increase in rates, describing the proposed hike as "unfair and inequitable". Mr Forrest's Wyloo Metals, which closed its Kambalda nickel mines last year, wrote in its public submission to the shire that its rates bill would increase from $725,471 to $1.74 million as a result of the proposed hike. Wyloo's Kambalda asset president, Zoran Seat, noted the financial impact of the shire's decision to build a 328-bed workers camp in Kambalda, known as Bluebush Village. He said multi-million dollar losses from the effectively failed investment by the shire had directly contributed to its deficit. "We have serious concerns that the proposed rate hike is being implemented to raise funds to address the shortfall in finances the shire is facing, rather than as part of a fair or sustainable fiscal strategy," Mr Seat wrote. ASX-listed exploration company WIN Metals said its rates bill would jump from $299,000 a year to $511,000, which it described as "simply ridiculous". "The shire and its financial issues are entirely of its own creation," WIN Metals managing director Steve Norregaard said. A submission from AMEC chief executive Warren Pearce called it an "extraordinary leap", saying he was not unsympathetic to the shire's financial woes but "exorbitant rates" were not the solution. Mining giant Rio Tinto, via its general manager of technical services for lithium, Leigh Slomp, said mining growth was fragile. He pointed to a recent downturn in nickel and lithium as examples. "It threatens to severely undermine confidence in Coolgardie as a mining-friendly shire and ultimately reduce long-term revenue as companies reassess the attractiveness of operating in Coolgardie and its reputation as a stable place to invest," he said. Gold miner Evolution Mining, which this year completed a $228 million expansion of its Mungari operations, estimated the rates on its mining tenements would increase by $1.6 million to $2.8 million. Evolution Mining also owns the 100-bed Kurrajong Village in Coolgardie, with the company calculating the rates for the workforce accommodation would increase by $784,237 to $1.43 million. Mungari general manager Scott Barber said the increases would have lasting and long-term repercussions, adding the company would be asking the local government minister to intervene. ASX-listed Minerals 260 in January paid $166.5 million to acquire the Bullabulling gold project near Coolgardie. It plans to enter production in 2028 with a mine employing about 350 workers. Minerals 260 managing director Luke McFadyen said the proposed rates hike would deter investment in the region, reduce exploration activity and discourage the key industry which underpinned the local economy.
AU Financial Review
25-05-2025
- Business
- AU Financial Review
Can MinRes' cleanskin chairman tame the Chris Ellison show?
Mineral Resources founder Chris Ellison isn't known to be a retiring type. On analyst calls and in interviews, the mining industry veteran is not afraid of browbeating anyone who questions his management style. His blunt-speaking approach is said to be no more refined in the boardroom. It is into this boardroom that Malcolm Bundey, a Melbourne-based packaging industry expert with no mining experience, will enter as non-executive chairman of the highly indebted West Australian company in July.
