Elvis has left the building No. 4
THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry. The Whisperer pokes his head down the corridors of power to take a quick look at some of the chairs to have recently been vacated and to find out which ones have been filled:
ZYL Limited director resignation and company secretary appointment
Emerging metallurgical coal producer ZYL Limited announced the appointment of Nicholas Ong as company secretary, effective as of 15 June.
Ong was a principal adviser at the Australian Securities Exchange in Perth and brings seven years’ experience in listing rules compliance and corporate governance to the board.
Ong was an active member of the ASX JORC Group and has overseen the admission of over 100 companies on to the official list of the ASX.
ZYL also advised of the resignation of Gino D’Anna as executive director and company secretary to pursue other business interests.
D’Anna has been involved with ZYL since its reinstatement to quotation on 4 March 2010 and has been instrumental in the execution and progression of the Kangwane Project in South Africa.
Groote Resources Appoints managing director
Groote Resources has appointed Lloyd Jones to the position of executive managing director.
The appointment becomes effective from 20th June, coincidental with the first meeting of the Groote board at Darwin and commencement of operations from the company’s new headquarters there.
Jones has been a non-executive director of the company since February this year.
“The appointment of Lloyd Jones to take on the lead management role of the company at this important time in the company’s development is a significant step,” Groote Resources chairman Doug Daws said in the company announcement.
“Lloyd brings an impeccable record in government, mining and exploration management with him.”
Jones has been employed as the Manager of Community Relations for a large Queensland based private coal exploration and mining company with extensive operations in the Moranbah Coal Basin. His role covered all aspect of Cultural Heritage, Native Title and land access.
Allied Gold plays board room bingo
The board room chairs at Allied Gold Limited were on high rotation following the announcement of proposed changes to the company’s executive management team.
Current executive chairman, chief executive officer and founder of the company, Mark Caruso, will move into the role of non-executive chairman.
Current executive director and chief financial officer Frank Terranova will move to the role of chief executive officer and managing Director.
Terranova has been with Allied Gold for over three years and has served on its board for over two years.
Stephen Kelly, having previously served as Allied Gold’s group financial controller and group finance manager will take on the role of chief financial officer.
Peter Williams has recently joined Allied Gold as group general manager operations to oversee the company’s major production assets at Simberi in PNG and Gold Ridge in the Solomon Islands.
Most recently Williams was managing director and chief operating officer of ASX-listed Focus Minerals. He started his mining career with Bougainville Copper in 1971 and has broad international and minerals industry experience.
These changes will come into effect following the company’s proposed admission to the Main List of the London Stock Exchange.