MinRes axes 110 jobs as mine rescued from Ellison’s brother collapses (opens original article in a new tab)

MinRes closed the Lucky Bay project, resulting in 110 job cuts and over $260 million in losses after backing a garnet miner previously managed by Chris Ellison's brother.

• MinRes booked $222 million in losses from Lucky Bay's former owner
• MinRes axed 110 jobs after closing the Lucky Bay project
• Lucky Bay project collapse cost MinRes over $260 million