Carabella Resources makes $24 million placement

The companies announced the verified discovery of one of the largest palladium mineral systems in Australia.

The company changed its board of directors and plans to spin out non-core assets La Verde, Capricho, and Paco Orco into a new company.

The miner may cut its labor costs by 10%, which could involve layoffs among its 35,000 staff.

The board of under-siege Mineral Resources faced grilling in Perth over a governance scandal, amid unexpected expressions of support.