Mine, the Gwalia Gold Mine, the Carosue Dam Gold Mine and the Tarmoola Gold Mine, to St Barbara Mining Limited for A$38 million. Talison Minerals paid $205 million to buy the Wodgina and Greenbushes tantalum business of Sons of Gwalia but temporarily closed Wodgina because of falling tantalum prices. The mine re-opened, but closed again after less than a year. In a landmark decision, the shareholders of Sons of Gwalia were awarded the same status as non-shareholding creditors on 27 February 2006 because the company breached continuous disclosure obligations or misled them about its financial status. On 29 August 2006, Sons of Gwalia (SGW) was de-listed from the Australian Securities Exchange. On 4 September 2009, the former auditors of Sons of Gwalia, Ernst & Young, agreed to a $125 million settlement over their role in the gold miner's collapse. Ferrier Hodgson, the company's administrator, had claimed Ernst & Young was negligent over the accounting of gold and dollar hedging contracts. It is hoped the $178 million of assets will assist in bringing the long-running administration to a close in December 2009. In addition to the $125 million from E & Y, SoG's former directors the Lalor brothers, agreed to a $53 million settlement over their role in the company's collapse. Production Annual production figures of the company: Gold Tantalum Timeline 5 May 1983: Listed on the Perth Stock Exchange. 30 July 1992: Changed name from Sons of Gwalia NL to Sons of Gwalia Limited. 13 March 2000: Mark Cutifani appointed as managing director. 4 September 2000: A flight from Perth to the Gwalia mine fails to land and continues on to North Queensland, where it crashes without survivors. 23 August 2001: SGW makes takeover offer for Pacmin Mining, valued at A$159 million. 16 October 2001: Compulsory acquisition of Pacmin announced, at a cost of A$210 million. 14 February 2003: Managing director Mark Cutifani resigned from his position. 15 October 2003: The company successfully raised A$63 million by issuing new shares. December 2003: Gwalia Gold Mine closed and placed in care and maintenance. 19 January 2004: John Leevers appointed as managing director. Peter and Chris Lalor to retire from company. 30 August 2004: Administrators appointed for the company. 17 September 2004: Class action filed against company as well as directors, auditors and officers of company by shareholders. 28 January 2005: Five directors, including the chairman, and the company secretary resign. 15