Year:
2012-2013
Category:
Commercial
Location:
Western Australia Failure to Report
The defendant companies are part of the Australian group of subsidiaries of the Barrick Gold Corporation, registered in Canada. The Barrick Group represents significant resources and at the time was the second largest gold producer in the world. There are a large number of subsidiary companies within the Australian group’s structure.
The defendant companies (8 different Barrick companies) were charged with 14 counts of failing to lodge an annual report with the Australian Securities and Investment Commission (ASIC) pursuant to section 319(1) and 1 count of failing to comply with a court order pursuant to section 1274(13) Corporation Act 2001. Each of the defendants was charged, pleaded guilty and were sentenced separately as follows:
CDU Price at posting:
23.5¢ Sentiment: None Disclosure: Not Held
