Elvis has left the building.

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:

Continental Coal appoints non-executive director.

Continental Coal announced the appointment of London based, senior mining and finance executive James Leahy to the position of non-executive director.

Leahy has more than 26 years’ experience in the mining sector as a senior mining analyst and as a specialist corporate broker with expertise in international institutional and hedge funds, foreign capital and private equity markets.

“I’m very excited to be joining the board of Continental Coal and bringing my experience to the company as it now looks to broaden its investor base with its planned listing in London,” Leahy said.

“I believe I can add value particularly by raising the profile of the Company with European funds, institutions and private equity investors.”

As part of Leahy’s appointment, Manuel Lamboley has agreed to step down as a non-executive director of the company.

“On behalf of my fellow directors, I firstly wish to express our sincere thanks to Manuel for his services to the board and wish him well in the future,” executive director Peter Landau said.

Atlas announces retirement of chairman and appointment of interim chairman.

Atlas Iron announced that chairman Geoff Clifford, has advised the company he will be stepping down effective from 31 July 2011 to spend more time with his family.

Clifford has given four years of service to Atlas, initially as an independent non-executive director and subsequently as company Chairman.

“Geoff has made a substantial contribution to the growth of Atlas, in particular in taking on the role of Chairman in 2008 during a testing time for the company as we started our first mining operation at Pardoo amidst the challenges of the global financial crisis,” Atlas Iron managing director David Flanagan said.

“I would like to thank Geoff for his leadership and his efforts over the past four years. We wish Geoff well in his retirement as he winds down his board commitments.”

Atlas has appointed David Hannon as interim Chairman until the company is in a position to announce the revised board structure.

WHL Energy announces key management changes.

The Australian energy company announced current board member Steve Noske has been appointed as the company’s new managing director.

WHL Energy said, “Noske’s oil and gas managerial experience will prove important as the company enters into the phase to define drillable prospects within its large, offshore Seychelles hydrocarbon exploration holdings.”

David Rowbottam, who has filled the CEO position with WHL Energy since September 2010, will now assume the role of Financial Director.

Prior to taking up the CEO position at WHL Energy, Rowbottam worked as a senior financial executive with international and Australian companies.

He is currently a Director of several non-listed companies.

Red October Appoints Joint Company Secretary and chief financial officer.

Recently ASX-listed global minerals explorer, Red October Resources announced the appointment of Eugene Lambert as joint company secretary and Nick Bishop as chief financial officer.

Lambert is a certificated member of Chartered Secretaries Australia with significant experience in finance and corporate advisory industries. He is also actively involved in project origination and seed capital raising for start-up companies.

Bishop is a member of the Association of Chartered Certified Accountants and The Tax Institute Australia.

He has 11 years of experience in financial reporting, auditing and taxation in Australia and the UK and is also the chief financial officer of another ASX-listed company.

Glory Resources appoints Director.

Glory Resources advised the market of the appointment of Bernard Aylward as a director of the company.

Aylward has been providing consulting services to Glory in respect of its projects, and is now joining the board as part of the company’s commitment to the continued exploration and development of its flagship Onion Lake Project in Thunder Bay, Canada.

Glory also advised of the resignation of director Richard Repsevicius due to increasing work commitments.

Elvis has left the building

Thursday, April 04, 2013

THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry.

 


PMI appoints chairman / non-executive director

PMI Gold Corporation (ASX:PVM) has appointed James (Jim) Askew as chairman and non-executive director.

Askew is a mining engineer with international experience as a chairman, chief executive officer and director for international mining, resource investment, contracting, software and mining service companies.

He has had continuous involvement with the Ghanaian gold industry since 1985.

“Mr. Askew is a standout appointment, well respected in Australian and North American capital markets,” PMI Gold Corporation interim chair and non-executive director Ross Ashton said in the company’s ASX announcement.

“He has been directly involved in multiple corporate successes which have required strong strategic leadership and resulted in enormous value creation.”

PMI also indicated its intention to nominate two new directors for election at the upcoming Annual General Meeting scheduled for 15 May 2013.

The first of these is Peter Bradford, a metallurgist with some thirty years of project management experience in Africa (including eight years as president and CEO of Ghana gold producer Golden Star Resources).

Second is Michael Anderson, a twenty year mining industry professional and director of Taurus Funds Management with broad Australian (ex-managing director of Exco Resources) and African mineral resource experience (non-executive director Ampella Mining).


Challenger Energy appoints new managing director

Challenger Energy (ASX: CEL) has appointed Robert A. Willes to the position of managing director., effective on 8 April 2013.

Willes has over 25 years of extensive international experience in the oil and gas and energy industries – primarily with BP (formerly British Petroleum).

Willes’ early career with BP involved several positions in petroleum product supply, trading, and marketing, and as a lead negotiator for numerous gas transactions in Europe.

Subsequently, he became project manager of Group Mergers and Acquisitions, where he led the divestments of Burmah Castrol’s Chemicals Division and Great Yarmouth Power Ltd, and advised the Corporation on a number of acquisition opportunities.

More recently, Willes was chief executive officer of Eureka Energy Limited, and was instrumental in managing the recommended A$107 million On-Market Takeover by Aurora Oil and Gas Limited.

New Rawsons Resources MD

Rawson Resources (ASX: RAW) has announced the appointment of Scott Brownlaw as managing director.

Brownlaw initially joined the company’s Board in December 2012, since when he has been involved with Rawson’s recent transition.

Brownlaw’s background is in oil and gas exploration, having previously held senior technical positions as New Ventures manager and chief geologist in several exploration companies.

His experience comes mainly from exploration in South East Asia and Australia, with a focus on Indonesia, Brunei Darussalam, Philippines, and the Bonaparte Basin, Western Australia.

Rawson said the appointment of Brownlaw met the company’s parameters of a managing director with proven technical and commercial abilities, to support the new Board’s strategy of a more commercially focussed exploration company.


Erin Resources appointment of new managing director and other Board changes

Erin Resources (ASX: ERI) has appointed Nick Poll as managing director, forming a new Board of Directors with Brett Mitchell as chairman and Grant Davey as non-executive director effective immediately.

This change follows the completion of a strategic review and recent changes to the company’s project team in Senegal.

“I’m delighted to join the team at Erin Resources,” Poll said.

“We have a great team in-country and the current status of gold exploration in Senegal, and West Africa in general, seems analogous to Western Australia in the 1980’s.

“Many of the WA discoveries since then have been semi-concealed, due to laterite and we see strong laterite formation in Senegal, so I think there is tremendous possibility for discoveries in Senegal and nearby countries.”

Poll is an experienced exploration geologist, having been integral in the largest nickel sulphide deposit discovery in over a decade and previously holding various senior roles in gold exploration with WMC Resources Limited.

“We are delighted that Nick is able to join Erin Resources as managing director, to drive the company’s operations and corporate activities moving forward,” new chairman Brett Mitchell said.

“He brings extensive technical experience and corporate skills to the company, particularly in the areas of gold exploration, resource discovery and country management, developed through a long career in gold exploration with WMC Resources and as managing director of Mirabela Nickel with its discovery of Santa Rita.”

Grant Davey steps down from the position of managing director as a result of this appointment and remains on the board as a non-executive director.

The new appointments follow James Malone and Robert Besley both stepping down as chairman and non-executive director respectively.

 

 

Elvis has left the building

Thursday, April 18, 2013

THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry.

 

FEASIBILITY STUDY RESTRUCTURE

Following completion of a Feasibility Study, Venturex Resources (ASX: VXR) has streamlined its operations with some head office administrative restructuring.

This has resulted in non-executive directors Allan Trench and John Nitschke retiring from the Board.

NEW MANAGING DIRECTOR

Red Mountain Mining (ASX: RMX) has appointed Jon Dugdale as its new managing director.
 
The company has also announced, from 1 May 2013, executive chairman Neil Warburton will assume the role of non-executive chairman.

BOARD AND MANAGEMENT CHANGES

Goodrich Resources (ASX: GRX) has made a few Board room changes after the company’s Kimberley Diamond Company.

Alex Alexander is to take the role of executive chairman.

Rod Sainty is to step down as managing director of Goodrich, but will will remain a director of the company and continue to serve in an executive capacity as General Manager – Minerals.

Lee-Anne de Bruin will assume the role of managing director.

De Bruin is currently Kimberley Diamond chief executive officer.

APPOINTMENT AS CFO AND EXECUTIVE DIRECTOR

Coal of Africa (ASX: CZA) has appointed Michael Meeser as chief financial officer and executive director with effect from 1 June 2013.

“I would like to welcome Michael on board during a challenging and yet exciting period of the company’s development,” Coal of Africa chairman David Brown said.

“Michael brings a suite of unique skills that will enable the management to further strengthen the company’s balance sheet as we bring our coking and thermal coal projects to account.

“As a Board we are keen to ensure that we execute on the key milestones necessary for shareholder value growth.”

RESIGNATION OF DIRECTOR

Global Gold Holdings (ASX: GGH) has accepted the resignation of Patrick Ther Wee Cheng as executive director to pursue other private interests.

DIRECTOR RESIGNATION

The Board of Proto Resources & Investments (ASX: PRW) announced Aziz (Greg) Melick has resigned as a non-executive director of the company.

Melick will continue to have an ongoing contribution joining the board of Nickel Developments Limited, which is the operational vehicle behind Proto’s Barnes Hill nickel-cobalt project.

RESIGNATION OF DIRECTOR

ZYL Limited (ASX: ZYL) has advised the market that Ian Benning has resigned as chief executive officer and director.

Phillipe Lalieu, ZYL’s commercial director, and Jan Britz, ZYL SA’s chief operations officer, are to collectively take over the CEO’s duties, on an interim basis, until a new CEO is appointed.

RESIGNATION OF DIRECTOR

Scotgold (ASX: SGZ) has announced Shane Sadleir, who joined the company in 2007 and served as chairman between 2007 and 2008, has resigned as a non-executive director.

“Shane has made an important contribution to the Company and was instrumental in its listing on the ASX in 2007,” Scotgold chairman John Bentley said.

“I thank him on behalf of other Board members and shareholders for the expertise he has brought to his role with the company.”

Elvis has left the building

Wednesday, April 24, 2013

THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry.


Board Changes

Flinders Mines (ASX: FMS) has advised of the resignation, by mutual agreement, of its managing director Gary Sutherland.

Flinders said the Board of Directors intends to appoint a new managing director shortly.

In the interim current non-executive chairman Robert Kennedy will act as executive chairman of the company.

The company said it was committed to the progress of its Pilbara iron ore project and advised that negotiations with interested parties have reached an advanced stage.

“The Board believes that owing to the advanced stage of negotiations with strategic parties, an appointment to the role of managing director of a person having the requisite background to crystallise proposals is of the utmost importance to adding shareholder value,” Kennedy said in the company’s ASX announcement.

“We expect to be able to announce the details of the new appointment shortly and believe this will precipitate some exciting developments for the company.”

Board Changes

Quest Minerals (ASX: QNL) has appointed Paul Piercy as nonexecutive chairman and Jerome G (Gino) Vitale as managing director. Both appointments are effective immediately.

Dennis Gee will continue as a non-executive director, while former chairman Alan Winduss and Robert Molkenthin, who joined the board in December 2012 to fill a casual vacancy, have resigned.

Board Changes

Coal of Africa (ASX: CZA) announced chief executive officer John Wallington will not be renewing his contract with the company by mutual agreement with his executive role ending on 31 May 2013.

Wallington’s three-year contract with CoAL commenced on 31 May 2010.

In addition to his role as the chairman of CoAL, David Brown will become the interim CEO for a maximum period of six months whilst the appointment of a permanent successor will be progressed.

Commenting today David Brown said:

Professor Alfred Nevhutanda, currently the executive director Corporate Affairs, has also by mutual agreement tendered his resignation with effect from 30 April 2013.

Professor Nevhutanda joined the Board in February 2009.

New General Manager of Exploration

Ivanhoe Australia (ASX: IVA) has appointed exploration geologist, Mark McGeough, to the position of general manager – Exploration.

McGeough has over 30 years of experience as a geologist with exploration experience in gold, copper-gold, uranium, lead-zinc, mineral sands and platinum group metals in Queensland, the Northern Territory and South Australia.

He commences his role at Ivanhoe Australia on 1 May, 2013.

Since 2008, McGeough has been the general manager – Exploration for Toro Energy.

Prior to that, as manager of the Government of South Australia’s Geological Survey, he contributed to the success of the South Australian Government’s PACE program (Plan for Accelerating Exploration).

“We are particularly pleased to have secured the appointment of an experienced and capable exploration geologist such as Mark,” Ivanhoe Australia CEO Bob Vassie said in the company’s ASX announcement.

“His experience in the field and also in senior leadership positions will greatly enhance our exploration efforts.

“We firmly believe that exploration is critical to the growth of our company and are excited to have Mark to lead the team forwards from here.”

Elvis has left the building

Thursday, May 02, 2013

THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry.

Board and Management changes

Blackthorn Resources (ASX: BTR) has received notice from company chairman Bill Cash of his intention to retire at the company’s AGM, scheduled for 28 November 2013.

Current non-executive director Mike Oppenheimer will become chairman effective at that time.

Blackthorn will also say farewell to managing director Scott Lowe, who has advised of his intention to leave the company before the end of 2013 to pursue the next stage of his career.


Appointment of Director

 
Straits Resources (ASX: SRQ) has appointed Michele Muscillo as a non-executive director.

Muscillo is a non-executive director of ASX-Listed Orbis Gold (ASX: OBS) and is also that company’s chairman of the Audit and Risk Management Committee.

“I am very pleased to welcome Michele to the Board,” Straits Resources managing director Andre Labuschagne said.

“His skills and expertise in corporate transactions, governance and compliance will be a valuable addition to the Board as the turnaround of the company progresses.”

Galaxy Board changes

Lithium producer Galaxy Resources (ASX: GXY) announced that following cost review initiatives, the following directors have decided not to stand for re-election at the company’s Annual General Meeting.

Dr Yuewen Zheng: non-executive director, Shaoqing Wu: non-executive director, Michael Spratt: independent director, Charles Whitfield: executive director

The Galaxy Board is to consist of the following members:

Craig Readhead: non-executive chairman, Iggy Tan: managing director, KC Kwan: independent director, Bob Wanless: independent director, Xiaojian Ren: non-executive director, Anthony Tse: executive director.


Appointment of Non-Executive Director

Fox Resources (ASX: FXR) has appointed a new non-executive director, James Alexander Cooper.

Fox described Cooper a a Queensland-based businessman who has taken leadership roles in the coal and agricultural industries and has been an active participant in the resources sector for many years.

He is also a consultant to various entities controlled by Sam Chong, including Magnetic South Pty Ltd, which is a partner in the Mount Oscar Joint Venture with Fox Resources.


Appointment of Interim President and CEO and new Director

Coventry Resources (ASX: CYY) announced the appointment of Steven Chadwick as Interim President and CEO effective immediately, replacing Mike Naylor who has resigned for medical reasons.
 
Since January 2013 Chadwick has been Coventry’s vice president of operations.

The company has appointed a sub-committee comprising its non-executive directors to oversee the selection of a permanent appointee.

Nick Day, the present (Australian) company secretary has been appointed to the Board as a replacement director for Mike Naylor.


Appointment of Director

Nevada Iron (ASX: NVI) has appointed Taj Singh to the Board as an independent director.

Singh resides in Toronto and currently serves as the vice-president of business development for Timmins Gold Corp, a mid-tier Toronto Stock Exchange-listed company with an operating gold mine in Mexico.

Nevada Iron said Singh is well known in the North American capital markets and will bring additional capability in raising the profile of the company as it progresses to a North American listing.


Management changes

 
Red Gum Resources (ASX: RGX) has advised Ray Shaw has been appointed executive chairman following the resignation of Dr Paul Pearson as managing director.

Red Gum also intends to appoint Michael Easdon as an in-country manager, based in Santiago Chile.

Easdon is a certified geologist with the American Institute of Professional Geologists with over 40 years’ industry experience, including more than 15 years based in Latin America.


Appointment and Resignation of Directors

 
Kangaroo Resources (ASX: KRL) has made three appointments to its board of directors in Ian Ogilvie, Graham Anderson, and Leonard Math effective from 1 May 2013.

They bring a wealth of knowledge and will provide the Company with an invaluable network that will be of great benefit to KRL’s future.

Kangaroo also announced Michael Loh and Amy Pascoe will be appointed as replacement company secretaries.

Kangaroo also advised that Mark O’Keefe, Peter Richards and Darcy Wentworth have each given notice of their intention to resign as a director effective from 1 May 2013.

Elvis has left the building

Thursday, May 09, 2013

THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry.

Anglogold Ashanti appoints new CEO

AngloGold Ashanti (ASX: AGG) has appointed Srinivasan Venkatakrishnan (Venkat) as chief executive officer effective immediately.

Venkat has been with AngloGold Ashanti for nine years.

He was chief financial officer at Ashanti Goldfields until the merger with AngloGold in 2004, shortly after which he became CFO of the combined entity and joined the Board in 2005.

Since the departure of the company’s former CEO at the beginning of April 2013, Venkat has been joint interim CEO, alongside Tony O’Neill.

O’Neill will remain an executive director on the board and revert to his role as executive vice president: Business and Technical Development.

Venkat will also remain CFO of AngloGold Ashanti until further notice. A global search for a new CFO has been initiated.

Appointment of Chief Executive Officer

Zeus Resources (ASX: ZEU) has appointed Peter Williamson as chief executive officer effective immediately.

Dr Mike Etheridge has resigned as interim CEO also effective immediately, but remains as deputy chairman.


Resignation of Non-Executive Chairman and appointment of new

Minemakers Limited (ASX: MAK) announced Andrew Drummond has resigned as non-executive chairman and director of the company with effect from 7 May, 2013.

Richard H (Dick) Block has been appointed in his stead.

Block has been a non-executive director of Minemakers since March 2012.


Resignation of managing director

Bassari Resources (ASX: BSR) managing director Jozsef Patarica has given notice pursuant to his Executive Service Agreement providing three months’ notice of his resignation.

Patarica has held positions as a founding non-executive director and from early 2010 as chief executive officer and MD of the company.

“Jozsef has been a pleasure to work with and his dedication and work ethic is much admired by all,” Bassari Resources chairman Alex Mackenzie said.
    

Appointment of new Director

Gladiator Resources (ASX: GLA) has advised that, subsequent to the resignation of Tim Adams, Juan Martin Jorge has been appointed as a director of the company.

Jorge is a Uruguayan lawyer and notary and is a member of the Lawyers College and Notaries Association in Uruguay.

He has more than 15 years’ experience in corporate law, specialising in contracts, having previously worked with Guyer and Regules and PricewaterhouseCoopers prior to heading the legal department of the Union Group International Holdings Limited in 2008.


Board of Directors Update

Guildford Coal (ASX: GUF) informed the market of the resignation of Craig Ransley as a non-executive director.

With Guildford making the transition from explorer to producer/seller and with a new team in place to manage the changed emphasis of the company, Ransley decided his energies are best directed at other activities and enterprises.

Following Ransley’s resignation the company appointed Kon Tsiakis, a commercial litigation partner with HWL Ebsworth as a non-executive director.

Tsiakis has wide experience advising directors and companies on regulatory compliance and statutory corporate obligations as a commercial litigator.

He also spent a number of years as a senior enforcement analyst with the Australian Securities and Investments Commission.

Ransley’s resignation and Tsiakis’s appointment are effective immediately.


Board restructure

International Goldfields (ASX: IGS) has reshuffeled the cahairs around its Boardroom table as the company refocusses its activities, following the recent divestment of its West African assets.

Non-executive chairman Tony Sage and non-executive director Bernard Aylward have advised their intentions to resign from the board with immediate effect.

Sage was a founding board member of the company and played a big part in its development.

Current non-executive director Mark Gwynne has agreed to temporarily fill the position of non-executive chairman, until a permanent appointment can be announced.

IGS also announced the appointment of David Tasker as a non-executive director.

Along with Tasker’s appointment the company also announced that current chief executive officer Travis Schwertfeger, has been appointed managing director.

Mr Schwertfeger has been with IGS since 2010, and was appointed CEO of IGS in January 2012.


Director Retirement

Mining service company Allmine Group (ASX: AZG) announced that Andrew Howard has retired as non-executive director.

Howard has been a director of the company since July 2010 and has retired due to an increasing number of other commitments.


Board Changes

Celsius Coal (ASX: CLA) announced changes to its Board and management structure, and a key new appointment to its senior management team.

Transition of managing director, Grant Thomas to consulting role:

Managing director Grant Thomas informed Celsius of his resignation as an executive director of Celsius to pursue other interests but has agreed to remain a consultant to the company.

Alistair Muir promoted to Technical and Operations Director and joins the board:

Alistair Muir, previously Celsius’ country manager in Kyrgyz Republic, has been promoted to the position of Technical and Operations director.

Matthew O’Kane appointed Chief Financial Officer:

The company has appointed Matthew O’Kane as chief financial officer.

Nazariy Terlyga promoted to the position of General Manager, Kyrgyz Operations:

Executive director of Celsius’ Kyrgyz subsidiary, Asia Pacific Resources, Nazariy Terlyga has been promoted to the broader role of general manager, Kyrgyz Operations.

He will also continue his responsibilities for Asia Pacific Resources.

Elvis has left the building

Thursday, May 23, 2013

THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry.

Appointment of managing director and non-executive director
 
RMA Energy (ASX: RMT) has appointed Qin Weihong as managing director.

Qin has been an executive director of RMA since August 2012.

The company also advised Nigel Ferguson will not be seeking re-election at its coming Annual General Meeting and will be retiring.

Leonard Math will be appointed as non-executive director following the retirement of Ferguson.
 
Math is a director of Kangaroo Resources and company secretary of a number of ASX-listed companies.

He is also the current joint company secretary of RMA Energy.

Change to company office holders

Mandalong Resources (ASX:MDD) announced that Jian (Jason) Shen has been appointed non-executive director.

He will replace Yang (Simon) Liu as a representative of major shareholder Hanhong New Energy Holdings Limited who has resigned from the Board.

The company also announced Elissa Hansen has been appointed company secretary.


New director appointed

Killara Resources (ASX: KRA) has advised the market that Wim Iskandar Zulkarnaen has joined the board as a non-executive director.

Resignation of founding director

Founding director of Silver Mines (ASX: SVL) Malcolm Bird has resigned as a director of the company.

Retirement of director

Tiger Resources (ASX: TGS) announced the retirement of Rhett Brans as a director of the company as it wrapped up its annual general meeting.

Brans was appointed as an executive director of Tiger in July 2008 and continued in that role until January 2010, when he became a non-executive director.


GBM Gold appoints director and CEO

GBM Gold (ASX: GBM) has appointed John Harrison as a director and chief executive officer.

The company described Harrison as a mining engineer with significant experience in gold mining, mining engineering and business management.


Change of management structure following AGM

Admiralty Resources (ASX: ADY) has implemented a change in the management structure of the organisation following the results of the company’s general meeting.

The company carried a resolution at the general meeting to remove Stephen Prior as a director resulting in Prior ceasing his position as managing director effective immediately.

Following the removal of Prior as the Board appointed Hanrui Zhong as interim general manager.

Zhong is the largest shareholder in Sino Investment & Holding, a substantial shareholder of the company.

The appointment of Zhong is on an interim basis and Admiralty said it will conduct an appropriate recruitment process for a permanent CEO in due course.


Board Restructure

Dampier Gold (ASX: DAU) has promoted Richard Hay to the position of managing director, from the role of chief executive officer.

Dampier has also appointed Susan Hunter as a non-executive director.

Chairman Dr Russell Skirrow is to retire from the Board effective 31 May 2013 and non-executive director Rod Hanson will become the new non-executive chairman at that time.


Apex Minerals appoints two new directors

Apex Minerals (ASX: AXM) has announced two additional directors, Joseph Sponholz as non-executive director and Haydn Lynch as independent non-executive director, have joined the Board of the company.


Discovery Metals– Board changes

John Shaw has been appointed as chairman of the Discovery Metals (ASX: DML) Board, effective immediately.

Shaw has been a director of Discovery Metals since 2006.
 
Gordon Galt, previous chairman of the company, and Morrice Cordiner, non-executive director of the company, have notified the Board of their resignations, effective from the close of business on 20 May 2013.


Resignation and appointment of directors

Gladiator Resources (ASX: GLA) announced Andrew Draffin has been appointed as a director of the company.

Gladiator also announced the resignation of Mark Gordon as a director.


Director Resignations

Predictive Discovery (PDI: ASX) announced that two of the company’s five directors, Dr Bobby Danchin and Dr Tom Whiting, have resigned.
 
The company said it is focused on reducing its costs wherever possible so that it can maximise expenditure on exploration of its Eastern Burkina Faso project.

Both Dr Whiting and Dr Danchin resigned voluntarily to assist in this process.

Predictive explained it has made other cost saving measures since April last year when market conditions in the junior sector began to deteriorate, including non-executive directors foregoing their fees for six months, and a reduction in the managing director’s salary package.


Resignation of managing director

Carbine Resources (ASX: CRB) managing director, Peter Sheehan, has resigned.

Tom Bahen has joined the Carbine Resources Board as a non-executive director.


European-based mining executive appointed as chief executive officer

Prairie Downs Metals (ASX: PDZ) has appointed European mining finance executive Benjamin Stoikovich as chief executive officer.

Stoikovich will be based in London and will also be appointed as a director of the company.

He is expected to formally commence his role on 17 June 2013.


Appointment of managing director and chairman

Kangaroo Resources (ASX: KRL) announced the appointment of Ian Ogilvie as managing director and Graham Anderson as non-executive chairman.


Globe appoints new chief executive officer

Globe Metals & Mining (ASX: GBE) has appointed Alistair Stephens to the role of chief executive officer.
 
Stephens formerly held the position of managing director and chief executive officer of Arafura Resources (ASX: ARU) between 2004 and 2009.

Stephens replaces Fergus Jockel who has held the role of acting chief executive officer since August 2012. Jockel remains as exploration manager.


Non- executive chairman appointment

Coppermoly (ASX: COY) has appointed Tom Revy as a non-executive chairman.
 

Elvis has left the building

Thursday, June 06, 2013

THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry.


Appointment and resignation of company directors

 
RMG Limited (ASX: RMG) has appointed Michael Griffiths as a non – executive director.
 
Griffiths is president of TSX-V listed Currie Rose Resources INC, non- executive director of ASX-listed Tiger Resources (ASX: TGS) is an alternate director on the board of Chrysalis Resources (ASX: CYS).

He also currently serves as a consultant to Chalice Gold Mines (ASX: CHN)

RMG also announced the resignation of both Steven Chadwick and Mark Stevenson.


Appointment of executive director

 
Rum Jungle Resources (ASX: RUM) announced the appointment of Chris Tziolis as an executive director to the company’s Board.

Tziolis is currently employed by the company as its Director of Development Projects.

“We are very pleased to see Chris elevated to the Board as an executive director,” Rum Jungle Resources managing director David Muller said in the company’s ASX announcement.

“During his time with the company he has been instrumental in advancing the company’s Barrow Creek 1 phosphate project through its scoping study and we are confident that he will successfully guide the company through its various feasibility studies, leading it towards ultimate development.”


 New director appointment

Latin Resources (ASX: LRS) has appointed Liu Zhongsheng as a non-executive director.

Liu Zhongsheng is currently an executive director and the chief executive officer of Junefield Department Store Group Limited, a company listed on The Stock Exchange of Hong Kong Limited.

Frankie Li has been appointed as an alternate director for Lui Zhongsheng.


Paul Cronin joins Anatolia Energy

 
Anatolia Energy (ASX: AEK) announced the appointment of Paul Cronin to the management team of the company.

Prior to joining Anatolia, Cronin was Vice President at RMB Resources, the specialist resource financing division of FirstRand Bank.

He was formally Director of Nuclear Origination, with Constellation Energy and lead the acquisition of uranium trader Nufcor International in 2008.

“The addition of Paul to our management team is not only reflective of the calibre of the company’s projects, but will enable Anatolia to quickly implement the strategies identified for financing the Temrezli project into production,” Anatolia Energy managing director Jim Graham said.

“We are very pleased that Paul has accepted our offer to join the company”.


Closure of Perth office and appointment of new MD

Grange Resources (ASX: GRR) announced the company’s Perth office will close with all remaining Perth based functions relocating to the company’s Tasmanian office in Burnie in June 2013.

“This change is consistent with Grange’s current operational focus and previous announcements,” Grange Resources chairman Zhiqiang Xi said.

As a consequence of the restructure managing director Richard Mehan will leave the company.

Wayne Bould, most recently the company’s chief operating officer, has joined the Board as managing director with effect from 4 June 2013.

Bould is currently president of the Tasmanian Minerals Council.


Board Changes

Following cost review initiatives Zambezi Resources (ASX: ZRL) has announced that Richard Procter, Simon Durack and Emmanuel Henydrickx have resigned as directors of the company.

They have been replaced on the Board by the appointment of the current executive team of Frank Vanspeybroeck (CEO) who is appointed as the company’s managing director and Marinko Vidovich (Project Manager), who is also appointed as CFO.

“The appointment of Messrs.’ Vanspeybroeck and Vidovich as directors will strengthen the Board and bring technical experience and expertise as the company prepares for the next stage of development of its 100 per cent-owned Kangaluwi copper project in Zambia.” Zambezi Resources non-executive chairman David Vilensky said.


Director Resignation

The Board of Altius Mining (ASX: AYM) advised the market that David Herszberg has resigned as non-executive director.
 
Herszberg has been a director of Altius since February 2012, and has resigned due to an increasing number of other commitments.


Enerji appoints new MD

Enerji Limited (ASX: ERJ) has appointed energy sector specialist Colin Stonehouse as the company’s new managing director and chief executive officer.

The appointment comes after the resignation of Greg Pennefather as MD and CEO.

Pennefather is the founder and developer of Enerji’s Waste Heat to Power Systems (WHPS).

He has agreed to continue with Enerji in a consulting capacity.

The resignation and new appointment will be effective from formal commissioning of Enerji’s first WHPS at Horizon Power’s Carnarvon Power Station.

“These arrangements have occurred as part of succession planning by the board, with Greg’s participation, over the past 12 months,” Enerji chairman Ian Campbell said.

“It was desirable for Greg to see us through to the major milestone of commissioning of Carnarvon.”


 Resignation of Managing Director

Terramin Australia (ASX: TZN) advised that Nic Clift has resigned from his position of managing director and chief executive officer.
 
Michael Kennedy, Terramin’s chairman, will assume executive functions for the immediate future.


Appointment of non-executive director

Ord River Resources (ASX: ORD) announced Michael P Lee has been appointed as a non-executive director.

Although semi-retired, Lee is a non-executive director of Kakande, an alumina project company with bauxite rights in Guinea.

He is also a Senior Adviser – Middle East to Apache Capital, a UK property  company with its  Middle East regional office in the Kingdom of Bahrain; and is an Adviser to Noora Bushehri Law Firm, also based in the Kingdom of Bahrain.


Acquisition of Korean Resources and MD appointment

Directors of Desert Mines and Metals (ASX: DSN) has acquired Korean Resources Limited.

As a result Desert also announced the appointment of Chris Rashleigh as managing director of the company.

Rashleigh is a director of Korean Resources and has been instrumental in establishing its corporate and exploration activities in South Korea.

Dr Robert Taylor has retired from the Desert board.

Elvis has left the building

Thursday, June 27, 2013

THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry.

Director appointment and resignation

Conto Resources (ASX: CNO) announced that Jonathan King, who joined the Board as an alternate director to Robert Jewson in December 2012, will be taking a full Board position as a non-executive director.

Jewson has chosen to step down from the Board to concentrate on other work commitments.

Board changes

Rubianna Resources (ASX: RRE) has made changes to its Board of directors.

Gordon Dunbar, who has been a director since September 2011, has decided to retire as a non-executive director of the company.

Company secretary, Graeme Smith has been appointed in the interim to replace Dunbar.

Smith has over 25 years’ experience in finance and company administration having held CFO and company secretary positions with Top 10 Australian and overseas mining companies.

He is currently the company secretary and/or CFO for six listed public companies.

“Gordon has made a significant contribution in the two years he has been a director and we have benefitted from his input and knowledge,” Rubianna Resources chairman Terry Smith said.

“Having worked with Graeme Smith since the company was founded I welcome his appointment and look forward to continue working with him.”

Appointment of managing director

Republic Gold (ASX: RAU) announced the appointment of Mark Gillie as managing director and chief executive officer.

Ray Shorrocks will remain as chairman of the company.

The appointment coincides with the company’s proposed acquisition of African Stellar Mozambique Limitada, which holds the rights to three gold mining tenements in Manica Province, Mozambique.
 
“Mark is an Australian who has spent over 20 years working throughout Africa, in the exploration and mining industry, which makes him an ideal candidate to deliver on the company’s new Africa-focused strategy,” Shorrocks said.

“His wealth of experience on the continent includes a solid understanding of operational management, technical planning, production, geological modelling and mineral exploration.

“He is also conversant with corporate and mining law in numerous jurisdictions and is committed to sound corporate governance and investor transparency.”

Appointment of technical director

Erongo Energy (ASX: ERN) has appointed Marke Calderwood as a technical director.

The company has entered into an agreement to acquire Ninghan Exploration.

Ninghan has made applications for properties prospective for gold and base metals (copper, lead, silver and zinc) in Western Australia (Lyons project).

Ninghan’s projects were identified Mark Calderwood, who is the former CEO and managing director of West African gold producer Perseus Mining (ASX: PRU).

Chief executive officer appointment /resignation

Paradigm Metals (ASX: PDM) announced the appointment of Anthony Reilly as chief executive officer of the company.

Reilly has over 20 years’ experience in financial markets, financial risk management and corporate finance.

He has also served as executive director of an ASX-listed resource company.

Paradigm said he brings industry experience to the company as it continues to aggressively seek new project opportunities.

Paradigm Metals also advised that Greg Curnow has resigned from the position of CEO.

Director Resignation and Appointment

Mr Michael S. Perry & Mr Hanrui Zhong

Admiralty Resources (ASX: ADY) advised that Michael S. Perry has resigned as acting chairman and independent, non-executive director of the company.

Mr Hanrui Zhong has been appointed director of Admiralty.

Perry has been an independent non-executive director of the company since 14 October 2009.

Mr Hanrui Zhong, acting general manager since 21 May 2013, has been appointed director of the company effective on and from 21 June 2013.

Mr Zhong is currently a director of Taishan Resource company in Mexico and a director and shareholder of Sino Investment & Holding Pty Ltd, a substantial holder of Admiralty since March 2010.

Mr Zexing Ling, non-executive director of the company since 21 May 2013, is now the acting chairman.

Elvis has left the building

Thursday, July 04, 2013

THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry.

Appointment / Resignation of managing director

Northern Iron (ASX: NFE) managing director John Sanderson has decided to resign effective from 8 July 2013 after close to five years with the company and its operations in Northern Norway.

Sanderson has been with NFE from December 2008 and has been the managing director since February 2010.

Sanderson will continue as a consultant to the company for a period expected to last until the end of 2013, during which time he will continue to represent the company for sales and marketing activities in addition to being available to assist the management team of Sydvaranger Gruve and newly appointed managing director Antony Beckmand.

Beckmand has been the chief financial officer of Northern Iron since October 2009 and has held positions at Exxaro Resources, Robe River Iron, and Perilya Limited.

“We would like to thank John for his contribution to the company over the last five years and are appreciative of his offer to make his skills and experience available for the next six months to assist Tony and the management team in Kirkenes in what will be a seamless transition,” Northern Iron chairman Peter Bilbe said.

“We wish Tony all the best in his new role, and note that his significant experience with the company, the management team and current knowledge of the challenges ahead make him an ideal candidate for this role.”

Board Appointment
 
Buccaneer Energy (ASX: BCC) advised the market that Brian Moller has been appointed to the board as a non-executive director.

In addition Dean Gallegos has been appointed as chairman of the board.

Appointment of Director
 
Rey Resources (ASX: REY) has appointed Dachun Zhang as independent non-executive director to the company.

Zhang has a Bachelor’s Degree from Poznan University, Poland and a Master’s Degree from the University of Wales, UK and was conferred the qualification of Senior Economist in Shipping Management by the Ministry of Communications of China.

Zhang was most recently executive director and president of China Merchants Group, as well as the chairman of Merchants International Co. Ltd (a listed Hong Kong company).

Previously his career was with COSCO (a Chinese company and one of the world’s largest shipping groups) where he held the positions of executive vice-chairman and president of COSCO (Hong Kong) Group Ltd, as well as vice-chairman of two Hong Kong-listed companies: COSCO Pacific Co. Ltd and COSCO International Holdings Co. Ltd.

Appointment of executive director
 
Argo Exploration (ASX: AXT) has appointed Andrew Van Der Zwan as an executive director of the company.
 
Van Der Zwan was appointed as a non-executive director of the company in March 2013 and since his appointment has been running the company on a day to day basis.

He is to be remunerated at a level of $60,000 per annum.

Retirement of chairman

Walkabout Resources (ASX: WKT) announced the retirement of George Kenway as chairman and director of the Board as at 30 June 2013.

Kenway is a founder member of Walkabout Resources and has served as chairman since shortly after the company merged with Nimrodel Resources in 2011.

The company has, until further notice, decided not to replace the position of Chairman.

Changes to Board of directors
 
Lawson Gold (ASX: LSN) announced a number of changes to its Board to introduce a new approach to the management of the company’s tenement package and search for on-going investment opportunities.

The company has accepted the resignations of David Hillier, David Turvey and Peter Watson and appointed Simon O’Loughlin as chairman, Peter Reid as an executive director and Donald Stephens as non–executive director.

Stephens will also continue as company secretary.

The incoming board will stand for approval at the next AGM of the company. They will hold these positions in a temporary capacity until approved by shareholders.

Management changes
 
Kula gold (ASX:KGD) announced that managing director and chief executive officer, Lee Spencer and chief financial officer, John Watkins will step down from their executive roles and remain on the Board as non-executive directors.

Stuart Pether, previously chief operations officer will be appointed chief executive officer.

Pether is a qualified mining engineer with over 25 years of experience, who started with the company in February this year.

“On behalf of the Board, I would like to thank Lee and John for their considerable contribution and efforts,” Kula Gold chairman David Frecker said.

“Both have been instrumental in developing the company’s Woodlark Island gold project from discovery, through a successful Bankable Feasibility Study to the current permitting stage.

“We are fortunate to retain Lee and John’s experience, skills and established stakeholder relationships on the Board as the company implements a number of cost control measures and works towards achieving its key project development milestones.

“Stuart has proved to be an invaluable addition to the management team.

“He has the right skill set to lead the company through the next crucial permitting and construction phase and into its transition to becoming a gold producer.”

Elvis has left the building

Thursday, July 25, 2013

THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry.

New Board appointment

Base Resources (ASX: BSE) has appointed Malcolm Macpherson to its Board.

The company said the appointment brings additional mineral sands, African and corporate development experience to the company.

Macpherson spent 25 years from 1978 at Iluka Resources Limited, the world’s largest mineral sands company, rising from mine manager to managing director and chief executive.

Macpherson has spent the last decade as a company director and consultant.

He is currently chairman of Pluton Resources and a director of Bathurst Resources, Bathurst Resources (New Zealand) and Titanium Corporation Inc., a Canadian‐listed technology company.

He has previously held the position of chairman with Azumah Resources and Western Power Corporation and been a director of Portman Mining and Minara Resources.

Macpherson has also been the senior vice president of the Minerals Council of Australia, president of the Western Australian Chamber of Minerals & Energy, and a member of Senate at Murdoch University.

He has had active roles in research and innovation, including an advisory role to CSIRO.

New managing director

Carpentaria Exploration (ASX: CAP) announced the appointment of Quentin Hill as managing director, with Nick Sheard becoming non-executive chairman responsible for the company’s strategic direction.

The appointment will be effective from September 1, 2013.

The management change follows the establishment of the new Joint Venture for the Hawsons project with partner Pure Metals, which assumed management of the project and is focused on delivering a successful Bankable Feasibility Study and subsequent project development.

Carpentaria maintains its core exploration and opportunity based focus and will maintain an active interest in the development of Hawsons without the immediate need to contribute to funding.

Carpentaria will focus on advancing its other projects including the Braemar Iron project in South Australia, the Yanco Glen tungsten project near Broken Hill and its gold projects in the Lachlan Fold Belt, whilst seeking further opportunities in its geographical focus of eastern Australia.
 

Director appointment

Metals X (ASX: MLX) announced the appointment to its Board of Paul Cmrlec as an independent non-executive director.

Cmrlec is currently the managing director of Pacific Niugini and was previously a non-executive director of Westgold Resources and group mining engineer for Harmony Gold Australia and Metals X.

His recent experience also includes the general management of several major feasibility studies including the Wafi copper-gold deposit in Papua New Guinea, and Metals X’s Wingellina nickel-cobalt deposit in the Central Musgraves region of Western Australia.

Resignation of chairman

Yancoal Australia (ASX: YAL) announced that Weimin Li has resigned as chairman and as a director of the company.

This follows Li’s resignation as chairman of Yanzhou Coal Mining Company, the controlling shareholder of Yancoal.

The company said a further announcement regarding the appointment of a new chairman of Yancoal will be made in due course.

Appointment of non-executive director

Exalt Resources (ASX: ERD) has advise that Robert Crossman has been appointed as a non-executive director.

Crossman is the managing director of Corpac Partners which he founded in 2001.

He has over 20 years of experience in mergers and acquisitions, equity capital markets, project finance, and corporate advisory, principally in the mining and energy sectors.

Crossman has acted as lead adviser in several landmark transactions across the energy, resources, infrastructure, and telecommunications sectors.

Prior to founding Corpac, Crossman was head of investment banking at Hartley Poynton, the managing director of ABN Amro Rothschild and a managing director in investment banking at N.M. Rothschild & Sons.

Appointment of non-executive director

Uranex (ASX: UNX) announced the appointment of Peter Sarantzouklis as a non-executive director.

Sarantzouklis has held executive roles within the banking industry with wide ranging experiences over the past 19 years.

Currently, he is the chief financial officer of the St George Banking Group.

Sarantzouklis previously worked in Westpac New Zealand, sitting on the New Zealand executive team.

“It is with great pleasure that we welcome Peter to the Board, his skills and experience will be a huge asset as we progress our exciting Nachu graphite project,” Uranex chairman Johann Jacobs said.

“We look forward to a long productive association with him.”

Elvis has left the building

Thursday, August 01, 2013

THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry.

Resignation of the non-executive chairman

Renaissance Minerals (ASX: RNS) announced the resignation of Rick Hart as non-executive chairman of the company due to other business commitments.

“Rick was a founding director of the company and, on behalf of the company, I would like to thank Rick for his contribution and commitment to the company over the past three years,” Renaissance Minerals managing director Justin Tremain said.

Renaissance said the current structure of the Board is suitable on an interim basis and it does not propose to make an immediate replacement to the Board.

A replacement will be sourced when it is financially prudent to do so.

In the interim Dave Kelly will act as the non-executive chairman.

Appointment of new managing director and non-executive directors

Further to Norton Gold Fields Limited (ASX: NGF) achieving an 84.85 per cent interest in the issued capital of Kalgoorlie Mining Company Limited (ASX: KMC) and declaring the takeover offer unconditional, KMC advise the ASX of the appointment of three NGF nominated directors to its Board.

Dr Dianmin Chen has been appointed managing director of the company while Dr Noel White and Ms Xuelin Cai join Peter Cordin as non‐executive directors.

Current managing director James Croser and Roger Kwok have elected to stand down from the Kalgoorlie Mining Company Board effective immediately.

Appointment of chief operating officer

Northern Star Resources (ASX: NST) has appointed Stuart Tonkin as chief operating officer.

Tonkin is a mining engineer with more than 19 years’ experience working for both contractors and mining companies.

Most recently he was COO for mining contractor Barminco. He has also held senior positions with Oxiana and Newmont.

Northern Star said Tonkin’s extensive experience as a mining contractor would ensure that the company retained its strong focus on efficiency and productivity.

“Northern Star has had a heavy emphasis on costs and productivity since the day it acquired the Paulsens gold mine,” Northern Star managing director Bill Beament said.

“But at the same time as reducing our costs, we have grown production, resources and mine life.”

“Stuart’s experience and approach means we will maintain this formula, which is the key to maximising Shareholder returns.”

Change of chairman

Queensland Mining Corporation (ASX: QMC) advised Dr Garry Lowder has resigned as chairman and non-executive director of the company for personal reasons.

In the meanwhile, the company announced Dr Lakshman Jayaweera as the new chairman of the Board.

Triple whammy company secretary appointment

Cazaly Resources Limited (ASX: CAZ), Dempsey Minerals (ASX: DMI), and Blackham Resources (ASX: BLK) all announced the appointment of Mike Robbins as their company secretary, following the resignation of Julie Hill from the positions.
 
Robbins has well over 20 years resource industry experience gathered at both operational and corporate levels, both within Australia and overseas.

He has held numerous project level management positions as well as CFO and company secretarial roles with Hodges Resources, Bannerman Resources, Moto Gold Mines, and Asian Mineral Resources.

Board changes

ActivEX Limited (ASX: AIV) announced changes to the composition of its Board of directors.

Chairman Dick Keevers and non-executive director Ian Daymond have resigned from the Board.

Keevers has been a director and non-executive chairman of the company since May 2012.

Daymond was non-executive director of the company and the first chairman of the Board of directors from inception in 2005 through to 2012 and over the last year as a non-executive director.

ActivEX also announced the resignation of Alan Humphris as an alternate director (to Ms Min Yang), while welcoming Grant Thomas to the board as a non- executive director.

Thomas has worked for several companies, in particular spending 22 years with Rio Tinto/CRAE/Hammersley Iron and has extensive experience in a variety of metals and coal throughout the world, including Australia, Brazil, South Africa, central Asia, China and southeast Asia.


Chairman to retire

Bauxite Resources (ASX: BAU) chairman Barry Carbon announced he intends to retire from all positions with the company effective 9 August 2013.

Following Carbon’s retirement, Robert Nash will become chairman on an interim basis until further notice.

Board restructure

Windward Resources (ASX: WIN) announced the acquisition of a portfolio of exploration assets from the Creasy Group referred to as the Fraser Range projects, which will result in the Creasy Group emerging with an approximate 30 per cent interest in Windward.

Stephen Lowe, Windward’s current chairman and business manager for the Creasy Group has offered to step-down as chairman of Windward, effective immediately to manage any potential conflicts of interest and ensure good corporate governance.

Lowe will remain as a non-executive director of Windward.

It is Windward’s intention to appoint an externally sourced independent chairman as soon as possible and the Board is currently interviewing a number of candidates for this role.

In the interim, non-executive director George Cameron-Dow will immediately assume the position of interim chairman for the period to completion of the proposed acquisition.

Elvis has left the building

Thursday, August 15, 2013

THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry.


CMW welcomes new appointments

The Chamber of Minerals and Energy of Western Australia has announced two key appointments – Julie Hill to the position of general manager, corporate services and Anne Dawson to the position of coordinator, events and communications.

Prior to joining CME, Hill was chief financial officer and company secretary for a number of ASX-listed minerals and exploration companies.

Dawson brings to CME six years’ experience in marketing and communications.  Her previous role was senior marketing coordinator with an engineering contractor firm.

She recently completed a Masters of Communications and Media Studies.


Board restructure

MRG Metals (ASX: MRQ) has appointed Chris Gregory to its Board following the company’s recent acquisition of Sasak Resources Australia.

MRG highlighted Gregory’s technical and executive global minerals industry experience, which includes 22 years with Rio Tinto.

MRG expects his appointment will assist it in developing the company’s Kalgoorlie East and Xanadu projects, as well as new projects in the East Yilgarn and Fraser Range of Western Australia and IOCG projects in Queensland.

The company indicated the current difficult markets for junior exploration companies as the catalyst behind its decision to restructure its Board.

Albert Pietrzak is resigning from the position of chairman and the role is being assumed by current non-executive director Andrew van Der Zwan.

This change will take effect from 30 September 2013, to allow for transition to the new structure.

The company said the restructure of the Board is part of its commitment to reduce costs in reaction to current market conditions.

MRG directors have also volunteered to take reduction in remuneration and fees, also effective from 30 September 2013.


New chairman appointed and Board re-shuffled

Mamba Minerals (ASX: MAB) has appointed Michael O’Keeffe as the company’s chairman.
 
Mamba also advised Richard (Dick) Wright has been appointed as a non-executive director and Niall Lenahan as director and company secretary.
 
O’Keeffe has served on the Board of Riversdale Mining as chief executive and executive chairman.

Prior to his involvement with Riversdale Mining, O’Keeffe was managing director of Glencore Australia.

He is currently Chairman of Riversdale Resources, an emerging coal development company in North America.
 
Wright has held various executive and director level roles for both private and publicly listed companies in Australia, Europe and the United States, including being project director of Roy Hill at Hancock Prospecting, managing director of Fluor Daniel and executive chairman of Adrail and Paladio Ltd.
 
Lenahan has served as a CFO and company secretary of Riversdale Mining from 2006 -2011, including a period as finance director.
 
Greg Burns has resigned as director and will continue in the position of country manager for Mamba based in Canada.
 
Neville Bassett has resigned as a non-executive director and Robert Hyndes has resigned as a director and company secretary.


New company director joins Proto Board

The Board of Proto Resources & Investments (ASX: PRW) has announced the appointment of Andrew Heap as a non-executive director.

Heap has been on the Board of the Tasmanian Chamber of Commerce and Industry for three years and has held the position of chairman for the past twelve months.

He will be tasked with managing Proto’s Barnes Hill nickel-cobalt project, located northwest of Launceston in northern Tasmania.

Heap will be based in Launceston.
 
 “The Board and I are very pleased to have this extremely high level appointment,” Proto R&I managing director Andrew Mortimer said.

“Mr Heap is a strong advocate and supporter of the Barnes Hill project and its parent company, Proto.

“We look forward to developing the mine with his help.”


Director resignation

WPG Resources announced the resignation of Heath Roberts from the company Board and as an employee to pursue new opportunities in a family run business.

Roberts had been a director of WPG since 2004, a year before the company listed on the ASX.

WPG said Roberts had played an important role in the start-up and listing of the company, even to the point of acting as company secretary in the early years.

He was involved in the 2006 acquisition and growth of Southern Iron, up to the successful sale of those iron ore assets in 2011, and the company’s current comprehensive review of mining investment opportunities.

WPG said it regretted Roberts’ decision to resign, but understand his reasons.

Elvis has left the building

Thursday, August 22, 2013

THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry.


Appointment of CFO

Doray Minerals (ASX: DRM) has appointed Jon Latto as the company’s chief financial officer.

Prior to joining Doray, Latto was chief financial officer of ASX-listed Tanami Gold (ASX: TAM) for approximately six years, a period which included the transition to production from its high-grade Coyote underground operation.

Latto has previously worked with Ernst & Young in Australia, America and India on projects primarily related to finance function reform and has also held financial roles with Iluka Resources (ASX: ILU) in Australia, and Cable & Wireless Plc and Halifax Bank of Scotland in London.

Latto holds a Bachelor of Commerce and a Masters of Business from the University of Western Australia and is also a qualified chartered secretary.

Doray Minerals managing director Allan Kelly said the company was very pleased to be able to attract someone with Latto’s level of experience in the industry and welcomed him to the Doray management team.


Hemerdon tungsten project management team takes shape

Wolf Minerals (ASX: WLF, AIM: WLFE) has made a number of senior appointments to its project management team at the Hemerdon tungsten and tin project in Devon, in southwest England.

Mike Lean has been appointed Commercial and Financial Manager.  He has prior experience in the extractive industry in the region, having worked for English China Clays PLC, in Cornwall. Lean has also had previous roles with major construction group, Morrison Construction and UK based international building materials company, Hanson PLC.

Barnaby Hudson has been appointed Environmental Manager. In his role with Wolf, Hudson will work closely with local and regulatory authorities, including Devon County Council and the Environment Agency, to ensure the Hemerdon project meets strict environmental controls.

John Briggs has taken on the role of Mineral Planning and Estates Manager. He has lived in Devon for 25 years and has extensive experience in the extractive and waste management industries. This includes having worked at a senior level at Sibelco’s Devon China Clay operations.

The Hemerdon project management team also welcomed the appointment of Civil Superintendent Charlotte Wilkins, Construction Manager David Henderson, Human Resources Manager Martin Hill and Plant and Infrastructure Manager Ian Reynolds.

“The company has moved from an exploration and development company to a company that is in the process of bringing a new tungsten mine into production,” Wolf Minerals managing director Humphrey Hale said.

“I am very pleased with the progress being made on the project and the ability of the company to attract such a highly-experienced team of professionals to take the Hemerdon project forward.

“We are very proud of being able to recruit many of our senior staff from the local region for what it is a globally significant project.”

Wolf also announced the appointments of three further senior management positions, with these roles to commence during September and October.

Andy Bond will join the company as Mines Manager, David Howourth will take up the role of Health and Safety Manager and Charlie Northfield has been appointed Process Plant Manager.

Wolf said it plans to continue its personnel recruitment process for the Hemerdon project over the coming months.


Appointment of former FMG executive

Mamba Minerals (ASX: MAB) has appointed former Fortescue Metals Group (ASX: FMG) executive Barry Knight as Technical Director.
 
Knight worked for FMG for 10 years (2003-2012), during which time he played a pivotal role in establishing the company’s resource base, compiling pre-feasibility and feasibility studies and product marketing.
 
He is a formally qualified geologist with an MBA, and provides Mamba with extensive experience across the full spectrum of resource identification and development.

As Mambas new Technical Director Knight will lead the exploration program at the company’s Snelgrove Lake iron ore project in Canada’s Labrador Trough.
 
Knight said the initial results from the CLC hematite deposit highlighted the outstanding potential of the Snelgrove Lake project.
 
“CLC is open at depth and along strike, the metallurgical results show there are very low contaminants and there are several other highly promising targets within the project area,” Knight said.
 
“I look forward to combining my experience in iron ore resource identification and development with the extensive knowledge and experience of the Mamba Board and Management to maximise the opportunity at what is clearly an outstanding project.”


Appointment of Chilean mining expert

Midwinter Resources (ASX: MWN) has appointed Eduardo Valenzuela to the company’s Board of Directors.

Midwinter has recently announced plans to earn a 65 per cent interest in the Mantos Grandes copper/gold project in Chile.

The company considers Valenzuela’s appointment is consistent with this strategy.

Midwinter expects Valenzuela will bring much needed local experience to the Board, and strengthen both the technical and commercial attributes of the management team.

That experience includes management of BHP Engineering’s Latin American office, management of the Phase IV expansion of BHP’s Escondida copper mine (Chile) and Strategic Planning Manager for Escondida.

Elvis has left the building

Thursday, October 31, 2013

THE BOURSE WHISPERER: With AGM season well in play the regular game of musical chairs continues within the boardrooms across the resources industry.

Appointment of Directors

Alligator Energy (ASX: AGE) has appointed John Main and Peter McIntyre as directors to the Board.

The company entered into a strategic investment partnership with Macallum
Group on 18 September 2013, as part of a $1.8 million capital raising to drive its next phase of uranium exploration strategy in the Alligator Rivers Uranium Province in the Northern Territory.

The capital raising included a 1.5:10 rights offer to existing shareholders.
 
As part of the Investment Agreement with MGL, Alligator Energy agreed to a restructure of the Board.

This restructure included the appointment of Main and McIntyre to the Board on completion of the Rights Offer.

Retirement of Director and resignation of company Secretary

Pilbara Minerals (ASX: PLS) announced the retirement of company director Gavan Farley.

Farley has advised the company that he will be retiring as non-executive director at the company’s AGM and therefore will not stand for re-election.

Pilbara Minerals also advised of the resignation of company secretary Robert Waring, effective 31 October 2013.

Changes to Board of Directors

Grange Resources (ASX: GRR) announced that company chairman, Xi Zhiqiang has retired as a director effective 29 October 2013.

Xi joined the Grange Board as non-executive chairman in 2009 and has also been an active member of Board’s Audit, Remuneration and Health Safety and Environment Committees over the past few years.

Grange went on to announce Michelle Li has joined the company’s Board as non-executive chairman.

Li is a mineral processing engineer and metallurgist with over 19 years’ experience in the Australian mining sector.

Her experience includes senior roles at Citic Pacific, Rio Tinto and Iluka Resources, as well as a senior project role at the Grange Resources Southdown project.

She has a PhD from the University of Queensland and is also a non-executive director of Sherwin Iron Limited.

Grange said it has commenced a search for an additional independent non-executive director, and expects to announce such an appointment within the next few months.

Retirement as Director at AGM

Anatolia Energy (ASX: AEK) advised the market that Dr Peter Kausch, who was to retire by rotation at the company’s forthcoming annual general meeting, has indicated his intention not to seek re-election to the Board.

The company expresses its sincere appreciation to Dr Kausch for his contribution and counsel to the Board as well as for his professional technical advice in relation to advancing its uranium project in Turkey.

So as not to lose his knowledge and expertise in the uranium mining industry, the company indicated it intends to retain Dr Kausch on an ‘as needs basis’, exclusive consultancy arrangement following his retirement.

Director Appointment

Dourado Resources (ASX: DUO) has appointed John J Chegwidden as a non-executive director.

Chegwidden is currently a director of 3D Resources and is also joint company secretary of Hazelwood Resources Ltd.

Chegwidden served as a director and company secretary (until 2009) of Aurox Resources until its acquisition by Atlas Iron in 2010.
 
He is an accountant with 20 years’ experience as a Chartered
Accountant in public practice, providing advice in management, accounting and taxation, and consulting to manufacturing, mining, primary production and earthmoving operations.

Chegwidden has a strong knowledge of the mining sector in Australia, particularly in the areas of exploration, materials processing, marketing and financial management in relation to junior mining companies.

Resignation of Director and Appointment of Chairman

Baru Resources (ASX: BAC) advised the market that Peter Avery has resigned as a director of the company.

The Board has appointed Danie Van Den Bergh as executive chairman.

The company said the Board restructure is part of its strategy to reduce operational cash costs and reallocate those assets directly into the exploration efforts assisting the team’s focus on the company’s Area 51 Namibian graphite project.

Van Den Bergh is the company’s executive technical director as well as chairman and will oversee the exploration program in Namibia from his base in Africa.

The exploration program is now underway.

Appointment of Director

Alara Resources (ASX: AUQ) announced the appointment of His Royal Highness Prince Abdullah bin Mosaad bin Abdulaziz Al Saud to the Board of Alara Resources as a non-executive director.

Alara said HRH Prince Abdullah’s appointment is the culmination of the company’s endeavours to appoint a commercially experienced and highly regarded Saudi
Arabian national to the Board in order to strengthen its presence in Saudi Arabia, where the company has recently completed a DFS on its Khnauguiyah zinc-copper project and is now in a position to secure project financing inclusive of an application to the Saudi Industrial Development Fund (SIDF).

Elvis has left the building

Thursday, November 07, 2013

THE BOURSE WHISPERER: AGM season continues to take its toll on the Boardrooms of the junior mining sector.

Board and Management Changes

Discovery Metals (ASX: DML) has announced changes to the company’s Board and senior management.
 
Brad Sampson will cease his role as managing director and chief executive officer with effect on 31 December 2013. Sampson will be on extended leave until this time, and will be pursuing new opportunities in the resources sector.
 
Sampson has also resigned as a director of Discovery Metals and its subsidiaries.

Bob Fulker, presently Discovery Metals’ chief operating officer, will assume the role of acting chief executive officer in an interim capacity pending a permanent appointment.

Niall Lenahan has resigned as director of the company.

The company will immediately commence an executive search for suitable candidates to fulfil the chairman, managing director and additional non-executive director positions on a permanent basis.

It is anticipated this process will be concluded by the end of the Third Quarter FY14.

Director Resignation
 
Evolution Mining (ASX: EVN) has advised the market that Paul Marks has resigned as a non-executive director of the company.

Marks has resigned to pursue other business interests that have advanced and become more time consuming endeavours.

Evolution has entered into a consultancy agreement with Marks whereby the company may call on him for advisory or consultancy services, as and when required, through until 30 June 2014.

Marks has served on the Evolution Board since the formation of the company in November 2011 and prior to this was a non-executive director of Conquest Mining, a predecessor company of Evolution.

Inova Resources announces Board changes

Inova Resources (ASX: IVA) announced the resignation from the company’s Board of Stephen McIntosh and Stewart Beckman.

McIntosh and Beckman were appointed in May 2012 as nominees of the company’s former majority shareholder, Turquoise Hill Resources, which on 1 November 2013, announced it had accepted all of its shares in Inova Resources into the takeover offer for the company by Shanxi Donghui Coal Coking & Chemicals Group.

“The Board would like to thank Stephen and Stewart for the significant contributions that both of them have made to the company over the past 18 months,” Inova Resources chairman Peter McMahon said.

Resignation of non-executive director

Robust Resources (ASX: ROL) non-executive director Andrew Wilson has resigned from the Robust Board to pursue other business interests including an Indonesian-focused role with the company.

Wilson was appointed to the Robust board in January 2010 and has played a key role in the development of the company’s operations in Indonesia.

The company indicated Wilson’s Indonesian related skills and experience will not be lost as he has accepted the leadership role of Commissioner of PT Gemala Borneo Utama (PT GBU), the local Indonesian subsidiary that owns the mining rights over the Romang Island projects.

“We would like to thank Andrew for his significant efforts and contribution to the company,” Robust Resources chairman David King said.

“We look forward to his continued contributions in his new role within the Robust group.

“Robust has a broad portfolio of projects in Indonesia, Philippines and now the Kyrgyz Republic, in various stages of development.

“As the company advances these projects, the composition and structure of our Board is a key priority and we constantly review this to ensure we have the right mix of skills to develop our project portfolio.”

Appointment of director

A-Cap Resources (ASX: ACB) announced that Angang Shen has been appointed to the company’s Board as a director.

Shen is the chairman of both China Growth Minerals Limited and Ansheng Investment, which collectively hold a 19.8 per cent interest in A-Cap.

Appointment of new managing director

Xstate Resources (ASX: XST) advised that Gary Jeffery has resigned as managing director of the company and to become managing director of Australian Oil Company (ASX: AOC).

Paul Cartwright who is presently a non-executive director and substantial shareholder will become the managing director of Xstate Resources.

Board and executive changes

Lemur Resources (ASX: LMR) non-executive chairman Marcello Cardaci has resigned as chairman.

The company further advised that current executive director Anthony Viljoen, has been appointed CEO, while Jonathan Murray has been appointed as non-executive director.

Murray has more than 15 years’ experience as a corporate lawyer and is currently a partner of Steinepreis Paganin, an independent Perth based corporate law firm.

Viljoen is a founding director of Lemur, having been appointed on 8 November 2010, and is also a director of Bushveld Minerals.

Elvis has left the building

Thursday, November 14, 2013

THE BOURSE WHISPERER: The activity in junior mining company Boardrooms around the country continues.

Director appointment
 
Blackthorn Resources (ASX: BTR) has announced Roger Higgins has agreed to join the company’s as a non-executive director, to be effective from 1 January 2014.

Higgins has over 40 years’ experience in senior management positions in the international mining industry, covering business and mine management, strategy and business development, project management, engineering and technical services, as well as the management of logistics, governance and government/community relations.

His most recent position was senior vice president, copper with Teck Resources where he led the formation and operation of Teck’s copper business following the restructure of Teck into commodity-based units.

As Blackthorn has previously announced, the company’s chairman Bill Cash has indicated he will be retiring as a director of the company and that Mike Oppenheimer will become chairman of the Board once a new CEO appointment has been made.

Appointment of global executive to senior management role

Aurizon (ASX: AZJ) announced the appointment of Mauro Neves to the role of executive vice president, commercial & marketing in the company’s senior leadership team.

Neves has worked in senior roles in the resource sector and supply chain logistics at leading international companies.

His most recent role was global coal director for Vale, one of the world’s largest resource companies.

Neves will commence at Aurizon by the end of calendar year 2013.

“We’re delighted to secure the services of Mauro, an outstanding global executive with a strong track record,” Aurizon managing director & CEO Lance Hockridge said.

“Mauro has managed senior leadership roles at Vale during the past decade, most recently leading its global coal operations.

“He is based in Brisbane and has a deep understanding of the market in which we work and the opportunities available to Aurizon.

“This appointment strengthens our senior leadership team at the company which comprises an outstanding blend of commercial and operational talent from Australia and overseas.”

Board Change

Reed Resources (ASX: RDR) has announced the pending retirement of its non-executive director Dr Vanessa Guthrie.

Dr Guthrie has given notice of her retirement, which will become effective from the close of the company’s AGM on 20 November 2013.

She has cited the increasing commitments of her workload as managing director of Toro Energy (ASX: TOE) as the reason for her retirement.

“Vanessa has made a significant contribution to the Reed board over recent years and we will be very sorry to see her go,” Reed Resources chairman David Reed said.

“However, as a junior mining house ourselves, we understand only too well the pressures of office that are carried by CEO’s in this sector.

“We wish Vanessa and Toro well.”

Resignation of director / appointment of director

Xstate Resources (ASX: XST) had advised the market of the resignation of Andrew Childs as a non‐executive director of the company.

Chris Hodge has been appointed a non‐executive director.

Hodge has held managerial positions in major petroleum exploration and production companies and played a significant part in the growth of these companies via a mix of successful exploration and acquisition.

Hodge was managing director of ASX‐listed Adelphi Energy until 2010 and is currently the Exploration & Production Advisor to Mitsubishi in Australia as well as a non‐executive director on the Board of Roc Oil Company.

Changes to Board of Directors

Havilah Resources (ASX: HAV) has restructured its Board and management as moves closer to becoming a minerals producer.

The company recently appointed Paul Mertin, a former senior banking executive, as an independent non-executive director to strengthen the Board’s financial apabilities.

Mertin has since been appointed Chair of the company’s Audit Committee.

Havilah’s executive chairman Dr Bob Johnson informed the company he would not seek re-election at its AGM and has retired as a director.

The Board subsequently elected Ken Williams as independent non-executive cairman of Havilah.

Dr Chris Giles will step into the role of managing director until the company can appoint a suitably qualified and experienced senior executive, who will be responsible for management of the development and operation of Havilah’s three advanced mineral projects, namely Portia gold, Kalkaroo copper-gold and Maldorky iron ore.

Giles will resume his role as technical director, exploration and corporate development, once this appointment is made.

Elvis has left the building

Thursday, November 21, 2013

THE BOURSE WHISPERER: The junior mining company Boardroom shuffle is a dance that is proving as popular as ever.

Chief Executive Officer appointment
 
Blackthorn Resources (ASX: BTR) announced Mark Mitchell has agreed to join the company as its chief executive officer.

His appointment will be effective from 1 January 2014.

Mitchell has business experience in the mining industry, having held senior operational and general management roles with Perseverance Corporation, MPI Mines/Leviathan Resources, Lihir Gold Co and more recently Newcrest Mining Limited.

Appointment of Chief Financial Officer

NRW Holdings (ASX: NWH) announced that Andrew Walsh has been appointed as chief financial officer effective on January 6, 2014.

Walsh takes over from Tony Raschella who has been acting CFO since August 2013.

Walsh has over 25 years of experience in the international financial arena having held senior finance and executive roles in project based companies covering, defence, manufacturing, oil & gas and resources.

Director Resignation

Dampier Gold (ASX: DAU) announced that non-executive director Philip Retter has resigned from the Board to pursue other business interests.

The company also announced that Peiqi Zhang has been appointed as a non-executive director with Ms Hui Guo as his alternate director and as Board representative of Columbus Minerals Pty Ltd, the Company’s largest shareholder.

Additionally, non-executive director Susan Hunter has resigned from the Board and will remain as company secretary.

Board changes at graphite developer

Lincoln Minerals (ASX: LML) advised that, as foreshadowed in the Notice of Annual General Meeting, non-executive directors Eng Hoe Lim and Kwang Hou Hung did not seek re-election or election respectively at the Annual General Meeting and consequently have retired from the Board.

Board Changes

East Africa Resources (ASX: EAF) has appointed Robert Kirtlan and Mike Griffiths to the Board of the company.

Kirtlan has over 20 years of company management experience and has spent seven years in global mining investment banking in Perth, Sydney and New York working for major global investment banks with a specialist role in the mining and natural resources sector.

Kirtlan is currently a director of Aviva Corporation Limited (ASX), RMG Limited (ASX), Credo Resources Limited (ASX) and Homeland Uranium Inc (CAN).

Griffiths has over 30 years’ experience in the resources sector.

Griffiths is a non-executive director of Tiger Resources (ASX: TGS), a non-executive director of Chrysalis Resources (ASX: CYS), a non-executive director of RMG Limited (ASX: RMG) and President of TSX-listed Currie Rose Resources.
 
East Africa Resources also announced Lindsay Colless has resigned as chairman of the company.

Resignation of Director

John Kenny has advised his resignation from the Board of Sun Resources (ASX: SUR) effective immediately.

Kenny, a lawyer by profession, has served as a non-executive director of Sun from 1 March 2012.

Resignation of Director
 
Korab Resources (ASX: KOR) advised the market Malcolm J. McKenzie has resigned as director of the company to concentrate on his other business interests.

McKenzie served as Korab’s non-executive director since February 2009.

Appointment of non-executive director.

KBL Mining (ASX: KBL) announced the appointment of Greg Starr as a non-executive director.

Starr, aged 48, has over 30 years’ experience in corporate and operational financial management, with the last 21 years focused on the resources and mining sector.

He is currently managing director of Crater Gold Mining Company and has previously been chief executive officer/managing director of Golden China Resources Corporation, Michelago Limited and Emperor Mines Limited.

Starr is a member of the Australian Society of Certified Practising Accountants and a member of the Australian Institute of Company Directors.

Elvis has left the building

Thursday, November 28, 2013

THE BOURSE WHISPERER: This week the junior mining company Boardroom shuffle sees a former state Premier find a new seat.

Executive Movements

Australian Bauxite Limited (ASX: ABZ) has made a few interesting changes to its board of directors as a consequence of a recent change in major shareholding.

Former Tasmanian Premier, Paul Lennon has accepted an appointment to the board as non-executive director.

Besides serving as Premier of Tasmania for four years until 2008, after serving as Treasurer between 2004 and 2006, Lennon has experience in the resources sector.

He was the Minister for Infrastructure, Energy and Resources (1998-2002), and later Minister for Economic Development, Energy and Resources (2002- 2004) and Deputy Premier of Tasmania (1998-2004).

Peter Meers advised the company he will retire from his position as executive deputy chairman and director at the close of this calendar year.

Meers was the founding chairman of ABZ, when the company first listed on the ASX in December 2009.

Wei Huang has also advised of his retirement at the close of this calendar year after four years of service.

Mr Huang has contributed to the company as a non-executive director both at board and committee level.

Appointment of Finland managing director

Altona Mining Limited (ASX: AOH) announced the appointment of Antti Pihko as managing director, Finland effective 1 February 2014.

Pihko will be part of Altona’s senior management team reporting directly to the company’s group managing director, Dr Alistair Cowden.

Management Changes

Apollo Minerals (ASX: AON) advised that Dominic Tisdell has been appointed chief executive officer.

Tisdell, previously chief operating officer, as part of this change will step down from the Board of Apollo to focus on the technical development of the company’s projects.

Board and Management changes
 
Alumina Limited (ASX AWC) had advised that John Bevan will retire as chief executive officer and a director of the company on 31 December 2013.

Peter Wasow, currently a director of Alumina Limited, will succeed Bevan as CEO.

Peter Wasow has over 30 years of experience in the resources and energy sectors, including as chief financial officer and executive vice president of Santos, and more than 20 years with BHP, including as vice president, finance.

Board changes

Leyshon Resources (ASX: LRL) advised that John Fletcher has resigned from the Board of directors.

Richard Seville, a non-executive director of the company, has agreed to assume the position of non-executive chairman during the company’s transition period following the departure of Fletcher.

Director resignation

Fertoz Limited (ASX: FTZ) announced that non-executive director Peter Bennetto has resigned from the Board.

Bennetto has been a non-executive director of Fertoz since December 2010.

Director resignation

Ken Boundy has advised Hudson Resources (ASX: HRS) of his resignation as a director, effective immediately.

“I have appreciated the opportunity to serve on this board since early 2010, and wish the company well in the future,” Boundy said.

Boundy said his decision allows him to further focus on his other corporate interests and responsibilities.

Resignation of Director

Exalt Resources (ASX: ERD) advised the market that Robert Crossman has resigned from the company’s Board and will not be standing for election at the company’s 2013 Annual General Meeting.

Appointment of non-Executive Chairman

Renaissance Minerals (ASX: RNS) has appointed Alan Campbell as an independent non-executive chairman.

Campbell is a geologist, with over 30 years of extensive experience and knowledge in the resources sector.

Campbell was recently managing director of Papillion Resources during the discovery of the multi-million ounce Fekola gold deposit in Mali.

Renaissance said following this appointment, Dave Kelly will remain as a non-executive director of the company.

“We are delighted to have attracted someone of the calibre of Alan as an independent non-executive chairman of the company,” Renaissance Minerals managing director Justin Tremain said.

“He has a proven record of large scale gold discoveries and has extensive experience in working in emerging countries, including Asia.

“He brings to the company additional corporate and technical skills that will be invaluable to the company as we advance the Cambodian gold project.”

Appointment of in-country management: Peru

Platypus Minerals (ASX: PLP) has appointed a senior in-Peru management team to oversee the company’s Peruvian operations.

Gary Anderson will take on the role of general manager-Peru, and Zbigniew ‘Adam’ Szybinski will lead exploration in the role of exploration manager-Peru.

Both men are former senior executives of Canadian company High Ridge Resources Inc., which undertook initial exploration of the Chanape area during its 2007–2009 Peruvian campaign in the San Mateo mining district.

Anderson, as president and CEO of High Ridge, and Szybinski, as VP Exploration.

 

Elvis has left the building

Thursday, December 05, 2013

THE BOURSE WHISPERER: The Boardroom Mazurka continues unabated this week amongst the junior mining companies.

Board appointments/resignation

Tellus Resources (ASX: TLU) announced the appointment of Robert (Bob) Kennedy and Neil Young as non-executive directors.
 
Kennedy was also voted in as chairman.

Richard Willson has resigned as a director of the company.

Resignation of Director

3D Resources (ASX: DDD) advised that Ian Richer has resigned as a director of the company.

Richer is a former chairman of the company.


Appointment of Director

Rey Resources (ASX: REY) has appointed Jin Wei as non-executive director to the company.

Jin is a nominee director for Crystal Yield Investments Limited, Rey’s cornerstone investor which holds a relevant interest in approximately 19.9 per cent of the issued capital in the company.

Resignation of Director
 
Tellus Resources (ASX: TLY) informed the market Anthony Wehby, as at the closure of the company’s AGM on Friday 29 November 2013, has resigned as director of the Company.

This followed his decision not to stand for re-election.

Appointment of CEO

Chrysalis Resources (ASX: CYS) announced the appointment of Leigh Ryan to the position of chief executive officer.

Dr Neale Fong has resigned as executive chairman and will continue with the company in the position of non-executive chairman.

Grant Kidner has resigned as executive director.

Adrian Paul and Trevor Benson have resigned as non-executive directors.

Jian Hua Sang has resigned as executive director and interim CEO and will remain with the company as a non-executive director.

Ms Jing Wang was appointed as executive director after resigning as a non-executive director.

Director Appointment

Redstone Resources (ASX: RDS) announced that Brett Hodgins has joined the board of directors of the company as its technical director.

Change of Directors

Lincoln Minerals (ASX: LML) has advised Ms Sze Wan Chan retires as a Director and Eddie Lung Yiu Pang and Alex Hooi-Kiang Lim have been appointed as non-executive directors of the company as of 1 December 2013.

Board Changes

Avalon Minerals (ASX: AVI) announced the appointment of Graham Ascough as a non-executive director and new chairman of the company.

Ascough is currently non-executive chairman of three ASX-listed companies: Phoenix Copper Limited, Mithril Resources Limited, and Musgrave Minerals Limited.

The company also advises the following directors have resigned as directors of Avalon, effective from the close of the 2013 AGM:

Dato Siew Mun Chuang (Philip); Dato Siew’s alternate director, Ler Leong Keh, ceases to hold office.

Siew Mun Wai (Edward); Siew’s alternate, David Sanders, ceases to hold office.

Seng Han Goh (Gary); and

Jeremy Read.

With recent changes, the current Avalon Board of directors is as follows:

Graham Ascough – chairman; Crispin Henderson – non-executive director; Paul Niardone – non-executive director exploration.

 

Elvis has left the building

Thursday, February 13, 2014

THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry.

Appointment of Managing Director/CEO

Energy and Minerals Australia (ASX: EMA) has carried out a management restructure which has resulted in the appointment of Mike Young as managing director/chief executive officer of the company.
 
EMA’s current chief executive officer, Julian Tapp, will move into the role of chief operating officer and continue to manage the approvals process, feasibility assessment and development of the company’s Mulga Rock project.

Tapp will remain an executive director on the company’s Board and Young will continue as acting chairman until a new chairman is found.

Appointment of Non-Executive Director

IMX Resources (ASX: IXR) has appointed Dr Derek Fisher as a non-executive director.

Dr Fisher has played key roles in listing and managing resources companies on both the ASX and TSX as well as identifying, evaluating, developing and operating quality mine developments.

He was co-founder and a director of African copper miner Anvil Mining from 1995-2000 and co-founder and CEO/managing director of Moly Mines Limited from 2003 until 2012.

Board Restructure

Global Strategic Metals (ASX: GSZ) reported that Anthony Roberts has resigned as executive director of the company.

Following Roberts’ resignation, Benjamin Hill, currently a non-executive director with the company, has been appointed interim executive director.

Board Appointment

Globe Metals & Mining (ASX: GBE) has appointed Alex Ko as non-executive director.

Ko has been involved the listing of Chinese equity offers through the Hong Kong exchange including many high profile government and private Chinese companies.

His previous experience includes the Head of Asian Corporate Finance for BNP Paribus Peregrine Capital and chief executive officer of Piper Jaffray Asia Holdings.

He has held numerous independent non-executive director roles with Hong Kong-listed companies in the energy, transportation, electronics and environmental protection industries, and has strengths in finance and corporate governance.

Ko is currently advisor to Minmetals Capital Ltd Hong Kong, non-executive director of Termbray Petro-king Oilfield Services Limited, and trustee of a not for profit schooling academy in the USA.

 
Board Restructure

Dart Mining (ASX: DTM) has restructured the company’s Board following discussions with representatives of a shareholder group that recently lodged a section 249D Notice seeking the removal of the existing Directors.

The discussions resolved that neither a full Board spill nor the loss of corporate history that would result was in the interests of the company or its shareholders.

That Notice has now been withdrawn and in order to avoid any further dispute, Richard Udovenya and Stephen Poke have agreed to step down from the Board, with the vacancies created by their resignations to be filled by Bruce Paterson and Rob Hogarth.

In addition, Chris Bain, who will remain as a non-executive director, has agreed to vacate the chair in favour of Paterson.

At a senior management level, Dean Turnbull has agreed to remain as an executive director until such time as the company has appointed a new CEO or managing director (to replace Mr Ward who resigned in December 2013), at which time Turnbull will step down from the board to concentrate on his executive duties.

According to Dart Mining both the retiring directors and the new Board accept the agreement on the present composition and any future structure of the Board will result in one that is balanced and reflects the interests of all shareholders.

The company explained the outcome preserves its corporate knowledge and is line with the appropriate standards of corporate governance.

Appointment of Additional Independent Non-Executive Director

Aquila Resources (ASX: AQA) has appointed Denise Goldsworthy as an independent non-executive director of the company.

Goldsworthy has previously held a number of senior positions within Rio Tinto (ASX: RIO), including periods as the chief commercial officer of Autonomous Haul Trucks, managing director of HIsmelt Corporation, managing director of Dampier Salt, vice-president Operations (Asia Pacific) of Rio Tinto Minerals, director Major Projects of Rio Tinto Iron Ore, and general manager Resource Development of Hamersley Iron.

Prior to Rio Tinto, Goldsworthy worked in various operational and technical roles with BHP Steel in Newcastle.

She has a great deal of technical and commercial experience in the steel, iron ore and industrial minerals sectors, having worked in several operational and strategic management roles, predominantly with Rio Tinto.

Executive Management Changes

Mutiny Gold (ASX MYG) has advised that John Greeve has stepped down as managing director of the company.

Non-executive director Rowan Johnston will be appointed acting CEO while Greeve’s replacement is sourced.

Board Changes

Citation Resources (ASX: CTR) announced the appointment of Peter Landau to the company’s Board of Directors.

Landau is the founding director of Okap Ventures Pty Ltd, an internationally-focused project management, corporate advisory and capital raising firm based in Western Australia and London.

Landau is a director of various ASX and AIM-listed resource companies including, Range Resources, Nkwe Platinum and Black Mountain Resources.

His appointment follows the resignation of Sophie Raven as director and company secretary following the company’s move of head office and corporate operations.

Citation has appointed Sara Kelly company secretary.

Elvis has left the building

Thursday, February 20, 2014

THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry.

Managing Director appointed for BFS completion

Ferrum Crescent (ASX: FCR) has appointed Tom Revy as CEO and managing director.

Bob Hair will move to the position of executive director from managing director.

Revy’s appointment comes as the company progresses its bankable feasibility study towards construction readiness.

Ferrum Crescent’s main project, the Moonlight iron ore project in Limpopo province of South Africa, is currently moving through its Bankable Feasibility Study.

“I welcome the opportunity to work with the Ferrum Crescent team for the exciting period that lies before us,” Revy said.

“The Moonlight project is well located for both development and product export logistics.

“The technical aspects of the project are sound so the focus over the next 6 months will be to optimise the financial return whilst reinforcing our relationships with both Government and the local communities.”


Board and Officer Changes

Talga Resources announced that Piers Lewis has retired as a director of the company.

Grant Mooney has been appointed as a non-executive director.
 
Mooney serves as director and company secretary to several ASX-listed companies including being chair of renewable energy developer, Carnegie Wave
Energy and a director of Barra Resources, Carbine Resources, Phosphate Australia and Wild Acre Metals.

Talga also advises that company secretary Jeremy McManus has resigned due to other work commitments.

Lisa Wynne has been appointed as company secretary.

Director Resignation

New Guinea Energy informed the market that Andrew Kent has resigned as a non–executive director from the company’s Board.

Senior Management changes

Newcrest Mining (ASX: NCM) has announced changes to its senior leadership team in line with the company’s focus on productivity improvement and cost reduction, and in preparation for the transition of Sandeep Biswas (chief operating officer and executive director) to the role of managing director and chief executive officer later this year.

Executive general manager (EGM) PNG operations, Brett Fletcher, will be leaving Newcrest at the end of February 2014.

EGM Commercial & West Africa, Lawrie Conway, will be leaving Newcrest at the end of March 2014.

Acting chief operating officer, Craig Jones will assume the role of EGM Australian operations & projects, reporting directly to Sandeep Biswas.

David Woodall has been appointed EGM International Operations, responsible for the company’s Lihir, Indonesian and Côte d’Ivoire operations, reporting to Sandeep Biswas.

Andrew Logan, previously EGM technology, has no change to his responsibilities and will report to Sandeep Biswas, though he is no longer a member of the Executive Committee.

Board Changes

Blina Minerals (ASX: BDI) announced the appointment of David Porter as an executive director.

The company also advised of the resignations Peter Webse and Julia Beckett as non-executive directors of the company.

Webse will continue on in his role as company secretary.

Elvis has left the building

Thursday, February 27, 2014

THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry.

Chief Executive Officer Appointment

Otto Energy (ASX: OEL) has appointed Matthew Allen to the position of chief executive officer (CEO), following the mutually agreed resignation of Gregor McNab due to personal reasons.

“The Board welcomes Matthew’s appointment as CEO and we are confident he has the requisite skills and experience to fulfil this role,” Otto Energy chairman Rick Crabb said.

“Over recent years, Matthew has worked closely with Gregor on implementing Otto’s key strategic initiatives and operational projects, and is actively involved in all the company’s planning tasks and decision-making processes.”

Appointment of Chief Executive Officer and new Director

Indo Mines (ASX: IDO) has appointed Arran Marshall to the role of chief executive officer based in Jakarta, Indonesia.
 
“The Board is pleased to welcome Arran to the team,” Indo Mines chairman Peter Chambers said.

“He has been operating in Indonesia for three years and has a very good understanding of how mining companies can successfully work within the local community and also within the new regulatory environment in which we operate.

“A key success factor of the project is an effective working relationship between Indo
Mines and JMI. Arran will bring effective value add to this relationship.”

Indo Mines has also appointed Ms Stacey Apostolou to its Board.

Apostolou has been with the company since October 2011 and has held the roles of chief financial officer and company secretary.

Resignation of Director

Regis Resources (ASX: RRL) advised that Morgan Hart has resigned as a director of the company.

Regis said in the interim period until a suitable appointment is made, the role of chief operating officer will be overseen by the company’s managing director Mark Clark with the assistance of non-executive directors Frank Fergusson and Nick Giorgetta.

Board appoints new Director

Marathon Resources (ASX: MTN) appointed Christopher Ryan as a director of the company.

Ryan is the Principal of established Sydney-based corporate advisory firm, Westchester Corporate Finance, which specialises in advising listed companies on fundraising options, mergers and acquisitions and associated transactions.

Ryan is also a non-executive director of ASX-listed investment company, Bentley Capital Limited (ASX: BEL).

Elvis has left the building

Thursday, March 06, 2014

THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry.

Independence Group appoints Managing Director

Independence Group (ASX: IGO) has appointed Peter Bradford as its managing director and chief executive officer.

Bradford succeeds Chris Bonwick who retired in November 2013.

Bradford has over 35years’ experience in Australia and internationally across all aspects of the industry including exploration, development and mining operations.
 
“The IGO Board is delighted with the appointment of Peter Bradford as our new managing director and has strong confidence in Peter’s ability to lead the company and deliver growth in shareholder value”, Independence Group chairman Peter Bilbe said.

“The IGO Board sought to find an experienced mining professional who is a recognised leader of listed mining companies.

“In Peter, the Board believes it has found an experienced, high calibre and well proven leader for the company who has a demonstrated track record at chief executive level in mining operations, finance, commercial transactions and development of strategy.”
 
Bradford said he was excited to be joining Independence Group.

“I have followed Independence Group closely since it listed on the ASX and I am delighted to join a mining company of Independence Group’s standing and to lead a company with a strong management team and an excellent track record of exploration, development and mining,” Peter Bradford said.

“I look forward to working with the team to grow shareholder value and to continue to build a great Australian mining company.”

Extension of Managing Director’s Contract

Venturex Resources (ASX: VXR) announced the company’s managing director, Michael
Mulroney has agreed to a 12 month extension of his contract.

“The Board are delighted to extend Michael’s contact for a further 12 months after his current contract expires on 27 Feb 2014,” Venturex Resources chairman Tony Kiernan said.

Director Resignation

Dart Energy (ASX: DTE) advised that director Peter Forbes has resigned due to personal family reasons.

“The Board of Dart Energy has accepted Peter’s resignation with regret and acknowledge his important contribution in his short tenure but also appreciates that personal family issues must take priority,” Dart Energy chairman Rob Neale said.

“The Board will now implement a process to recruit a replacement director in due course.”

Change to Board of Directors

Glory Resources (ASX: GLY) has named the following new non-executive members to its Board following the acquisition of over 90 per cent of the company’s shares by
Eldorado Gold Coöperatief UA, an indirect wholly owned subsidiary of Eldorado Gold Corporation.

Dawn Moss, Executive Vice President, Administration and Corporate Secretary, Eldorado Gold Corporation and Director, Eldorado;

Geoffrey Handley, Independent Director, Eldorado Gold Corporation; and

Anthony Ho, Managing Partner, Anthony Ho and Associates.

The Glory Board has accepted resignations from the following members of the Board: Bernard Aylward, Lui Giuliani and Jeremy Wrathall.

Jason Bontempo will remain on the Board.

Resignation of Director

Ventnor Resources (ASX: VRX) has advised that John Geary has resigned from the position of non-executive director.

Geary will continue in the role of company secretary.

Board and management Changes

Anchor Resources (ASX: AHR) announced that Steven Yu has resigned as chief executive officer.

In addition Yu will step down as an executive director with effect from 4 June 2014, but will continue as a non-executive director from this date with remuneration adjusting accordingly.

The company also advised of the appointment of Ian Price as chief executive officer.

Price will retain his position as managing director. There will be no change to the terms of Price’s employment contract.

Elvis has left the building

Thursday, March 13, 2014

THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry.

Chief Executive Officer Succession

Kingsgate Consolidated (ASX: KCN) has advised that managing director and chief executive officer Gavin Thomas, will be stepping down from that role, effective June 2014, after nearly ten years in the position, after some recent health issues.

The company has commenced a succession process for the position of CEO.

To maintain a level of corporate continuity, Thomas will remain on the Board of Kingsgate as an executive director, to assist the transition to the new leadership.

“Gavin’s contribution to Kingsgate and the wider industry has been extraordinary, in both dedication and discovery,” Kingsgate chairman Ross Smyth-Kirk said.

“Gavin’s legacy to the mining industry goes well beyond his time at Kingsgate, with more than 40 years’ operating throughout the world.

“Under Gavin’s leadership, Kingsgate has evolved from a single operation in Thailand into a geographically diversified asset base that is well placed to enable the Company to grow into the future.”

 

Board changes

YTC Resources (ASX: YTC) has made some changes to the company’s board of directors.

Dr Wenxiang Gao and Robin Chambers have resigned as directors of the company.

Both have been directors since 2007 and Dr Gao was chairman for more than three years in this time.

Following his nomination by Yunnan Tin Australia TDK Resources YTC has appointed Dr Guoqing Zhang as a director of the company.
 
Dr Zhang is chief executive officer of Yunnan Tin Australia TDK Resources, the registered holder of 9.35 per cent of YTC’s issued shares and chairman of Hong Kong-listed China Yunnan Tin Minerals Group Company Limited.

A subsidiary of CYTMG is the registered holder of 3.71 per cent of YTC’s issued shares.

John Hancock appointed to Volta Mining Board

Volta Mining (ASX: VTM) has appointed John Hancock to its board.

“The Volta Mining team are delighted to welcome Mr Hancock to the board of Volta Mining, given John’s lifetime of exposure to the Australian iron ore mining industry, and his considerable experience and skills in financial markets are invaluable,” Volta Mining managing director David Sumich said.

“John’s appointment will provide strong leadership and direction to Volta Mining in the iron ore space, as well as access to a wide investor base in both Australia and Asia, better enabling us to advance our projects to create real value for our shareholders.”

“Exploration companies and the junior sector are vital to the future of Australia’s resource industry,” Hancock responded.

“As my grandfather said, ‘Minerals are not like crops of wheat or wool that grow every year. You have got to find more each year if Australia’s living standards are to continue.’

“Volta Mining holds interesting ground in the heart of the Pilbara, next door to a Hancock Prospecting tenement and less than 10 kilometres from the Hope Downs iron ore project.
 
“It is also contiguous to ground held by Fortescue Metals Group and BHP Billiton.

“I look forward to increasing my role with the company as it develops.”

Board Changes

Helix Resources (ASX: HLX) announced Gordon Dunbar has informed the Helix Board he wishes to step down as chairman and will retire from the Board to spend more time pursuing his personal interests.

Dunbar has been a non-executive director of Helix since 2006 and the non-executive chairman since July 2013.

As a consequence of the impending retirement of Dunbar, the company announced the following appointments:

Pasquale (Paddy) Rombola who is a current non-executive director will assume the role of non-executive chairman.

Jason Macdonald will join the Helix Board as a non-executive director.

In addition, the company will in due course seek to appoint a non-executive director with an appropriate technical background to complement the experience and skill-sets of the Helix Board and Management.

Elvis has left the building

Thursday, March 20, 2014

THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry.

Senior appointment to advance Dampier HMS project

Sheffield Resources (ASX: SFX) has appointed Wayne Groeneveld to the position of sustainability manager.
 
The appointment follows the company’s announcement of a resource upgrade for the
Thunderbird deposit on the Dampier HMS project.

Groeneveld has over 30 years’ experience in the mining industry, including senior positions with RGC Ltd, Pancontinental Mining Ltd, Goldfields Ltd, Placer Dome Australia Ltd and St Barbara Ltd.

Most recently, Groeneveld was general manager – sustainable development at Xstrata Nickel.

“Wayne is a highly respected figure in the industry and we are delighted to welcome him to the team,” Sheffield Resources managing director Bruce McQuitty said.

“His extensive experience will be a great asset as we advance the Thunderbird deposit towards development.”

Board Change – Appointment of Managing Director

Zenith Minerals (ASX: ZNC) has appointed respected geologist Michael (Mick) Clifford as managing director.

Clifford is a geologist with over 25 years’ experience in the exploration industry and has held senior technical and business development roles and explored for most major metal commodities.

Resignation of Director

Dragon Mining (ASX: DRA) has advised that non-executive director, Markku Mäkelä has tendered his resignation from the Board.

Director Appointment

Anglo Australian Resources (ASX: AAR) has appointed the company’s secretary, Graeme Smith to its Board of Directors.

Smith has over 25 years’ experience in finance and company administration.

He has held CFO and company secretary positions with Top 10 Australian and overseas mining companies and is currently the company secretary and/or CFO of five listed public companies.

Smith is also a director of Rubianna Resources (ASX: RRE).

Managing Director succession plan

Ramelius Resources (ASX: RMS) announced the company’s managing director Ian Gordon has given notice of his intention to stand down from his position in June 2014, following seven years of leadership.

Ramelius advised the company’s current chief operating officer, Mark Zeptner has been appointed to succeed Gordon to take the company forward in its next phase of growth.

Zeptner will commence his new role as chief executive officer in June 2014.

Gordon will stay on as a non-executive director of Ramelius until the 2014 Annual
General Meeting late this year.


Share sell-off – Director Resignation

Renaissance Minerals (ASX: RNS) informed the market Gryphon Minerals (ASX: GRY) has sold its holding of 22.3 million shares in Renaissance to predominately existing North American and Australian institutional shareholders.

As a result of Gryphon no longer being a shareholder in Renaissance, Mel Ashton has resigned as a non-executive director of the company.

The company believes the current structure of the Board, comprising of two independent non-executive directors (including the non-executive chairman) and the managing director, is suitable for the company’s current position.

Elvis has left the building

Thursday, June 05, 2014

THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry.

Appointment of chief executive officer

Yellow Rock Resources (ASX: YRR) announced the appointment of David ‘Lorry’ Hughes as chief executive officer.

Hughes is an economic geologist and corporate executive with over 20 years’ experience in Australia and internationally across all aspects of the resources industry.

He is a geology graduate from Curtin University in Western Australia and has worked in a number of roles in Australia in various gold, uranium and base metal mining operations including technical services manager of the Ranger Uranium Mine in the Northern Territory for Rio Tinto.

More recently, Hughes was managing director and CEO of ASX-listed South Boulder Mines where he oversaw the discovery and initial development of the Colluli potash project in Eritrea.

In addition he managed STB’s Australian exploration portfolio, which resulted in the Rosie Ni-Cu-PGE discovery by JV partner Independence Group in the Duketon Greenstone Belt Western Australia.

Managing director resignation & appointment

Admiralty Resources (ASX: ADY) has accepted the resignation of Hanrui Zhong as managing director and CEO. Zhong remains on the board as a non-executive director.

Admiralty has appointed Mrs Qing Zhong as managing director and CEO.

Mrs Zhong has been involved in capital management and investment businesses for over 10 years.

During that time she has held several senior management positions in private companies in Shanghai, China, engaged in property investment and development.

She has been responsible for mining investments in Mexico and Australia, and currently holds a directorship in MNKO Resource Company in Mexico.

Mrs Zhong is also director of Jin Xin International Pty Ltd, Sun Investment Pty Ltd and Sino Mining Holdings Pty Ltd in Australia, and holds a degree from the Shanghai Normal University of Arts.


Managing director resignation

Marmota Energy (ASX: MEU) announced that Dom Calandro has resigned as managing director.

Calandro has been MD of Marmota since 2007 and was instrumental in driving the strategy of the company, including the building of a healthy portfolio of South Australian exploration assets, a highlight of which has been recent high-grade copper results at its West Melton project on the Yorke Peninsula of South Australia.

Marmota is conducting a search with the intention of appointing a new MD in the near term.

In the interim, Virginia Suttell, the company’s chief financial officer, has been appointed acting CEO.


Appointment of chief executive officer

Celamin Holdings (ASX: CNL) announced the appointment of Nicholas Clift as chief executive officer with full authority to manage the company’s affairs and drive the progression of the bankable feasibility study for the Chaketma phosphate project in Tunisia.

David Regan has retired as managing director and will remain as an executive director to focus on advising and assisting Clift with issues around the company’s future capital needs.


Appointment of executive director

Global Resources Corporation (ASX: GRM) has appointed Mark Savich as an executive director.

Savich has been a non-executive director of the company since 2012 so it anticipates he is well positioned to undertake this executive role.

Savich is a Chartered Financial Analyst with over 10 years of experience dealing with the technical and corporate aspects of resource companies, from explorers to producers.

Most recently he has been a resources analyst at Blackswan Equities.

He is expected to formally commence his executive role in July 2014.


Board changes and appointment of interim CFO

Pluton Resources (ASX: PLV) has restructured its Board of directors and management.

The company announced the resignation of Richard Mehan as chairman and director and Tony Schoer and Russell Williams as non-executive directors and the appointment Dr Paul D’Sylva as a director and interim chairman.

Dr D’Sylva is a founding director of Empire Equity Limited, where he has led and arranged over $500 million in funding transactions for a diverse range of resource and energy companies in equity, debt and structured financings on a proprietary basis as well as from a network of institutional funding partners.

Michael Wyer has been appointed as interim CFO of the company.


Board changes

Emergent Resources (ASX: EMG) has appointed Faldi Ismail, to its Board of directors.

Ismail is currently the CEO and deputy chairman of Kalimantan Gold Corporation, director of ASX listed companies WHL Energy (ASX: WHN) and Style Limited (ASX: SYP).

He is also founder and operator of Otsana Capital, a boutique advisory firm specialising in mergers and acquisitions.

Patrick Burke has resigned from the Board of directors and will also be stepping down as company secretary with effect from 30 June 2014.

Kevin Hart will take up the position of company secretary from this date.


Restructure of Board and Management

Auroch Minerals (ASX: AOU) has shuffled the seating arrangements around the company’s Boardroom table.

Dean Cunningham will step down as managing director, but will remain on as a consultant assisting in securing ongoing project financing from South African Banks.
 
Glenn Whiddon will become executive chairman.

Professor Jim Porter is to assume the role of chief operations officer while the company also announced the appointment of Nicholas Ong as non-executive director.

Elvis has left the building

Thursday, August 28, 2014

THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry.

Board composition resolved

Blackham Resources (ASX: BLK) announced Joseph Gutnick has resigned from the Board of the company effectively immediately.

The company also advised that Mazil Pty Ltd, a company of which Gutnick is a director and shareholder has agreed to withdraw its requests for general meetings of shareholders to vote on the composition of the Board.

Following the resolution the directors of the company have been confirmed as follows:
Paul Murphy – non-executive chairman; Bryan Dixon – managing director; Alan Thom – executive director; and Greg Miles – non-executive director.

The company and Gutnick’s associated parties have reached a settlement which they believe is in the best interests of all shareholders and involves Blackham terminating the Note Deed dated 1 February 2013 between Blackham and Great Central Gold Pty Ltd, as amended by an agreement dated 6 June 2013.

The parties including Blackham, Gutnick, Mazil and Great Central have conditionally agreed to settle all disputes and other matters and release each other from all liabilities and claims against each other on a without admissions basis.

CEO Transition

Millennium Minerals (ASX: MOY) announced managing director and chief executive officer, Brian Rear is to step down from his executive role following six years in the role.

Rear has indicated he wishes to take on another, as yet unidentified full time role, in developing a new resources project.

The Millennium Board has invited Rear to remain on as a non‐executive director to ensure a seamless transition of the senior leadership of the company.

Millennium said it will engage an executive search firm to identify suitably qualified candidates to take over the role of CEO.

“Having successfully established Millennium as a stable, profitable producing gold company, Brian has achieved what he was appointed to do,” Millennium Minerals chairman Richard Procter said.

“We understand that the time is now right for him to move on to another opportunity and for a CEO with a different skill set to take the company through the next phase of its growth.”


Resignation of Director- Appointment of Chief Executive

Diatreme Resources (ASX: DRX) announced Neil McIntyre has resigned as a director to assume the role of company chief executive.

“Following the recent implementation of Diatreme’s Board and Management restructuring, acting managing director Neil McIntyre has been appointed as chief executive of the company and has resigned his position as a director of Diatreme Resources Ltd to assume this role effective immediately,” Diatreme Resources chairman William Wang said.

“We thanks Mr McIntyre for his service to the board of Diatreme and welcome his involvement in this challenging management role.

“The restructuring, cost cutting and major project refocus of Diatreme is still an ongoing task and the clear separation of management and board will assist in terms of good governance and management practice moving forward for the company.”


Appointment of new Chairman

Superior Resources (ASX: SPQ) announced that Carlos Fernicola has succeeded David Horton as chairman of the company.

Fernicola has been appointed to the Board of Superior as a non-executive director and will assume the role effective as of 25 August 2014.

Fernicola will also continue his office of company secretary to which he was appointed on 11 November 2010.

Horton, who is a founding director of the company, will continue as a non-executive director effective.


Appointment of Directors

Metaliko Resources (ASX: MKO) announced that Geoff Baker and Ms Min Yang have been appointed directors of the company.

Baker is an Australian lawyer previously residing in Hong Kong now residing in the UK. He is also qualified to practice as a lawyer in Hong Kong.

Over the past 20 years Mr Baker has been active in China conducting a practice assisting companies to do business in the region.

Ms Min Yang is a resident of Hong Kong with extensive business connections in the Asia Pacific region especially greater China and has over twenty years of hands-on experience dealing with both private and state-run businesses in China.

Elvis has left the building

Thursday, September 04, 2014

THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry.

Key board and management appointments

IMX Resources (ASX: IXR) will be making a number of changes to its board and senior management team, effective from the end of September 2014.

The company said the changes are designed to ensure it has a strong leadership team in place as it transitions from being a South Australian iron ore producer to a Tanzanian minerals explorer.

Nick Corlis, who commenced with IMX earlier this year as general manager Exploration, has been appointed to the Board as executive director – Exploration.

The company’s chief financial officer, Phil Hoskins, has been appointed acting CEO.

IMX company secretary, Stuart McKenzie, has been appointed to the combined role of general manager Commercial and company secretary.

IMX chairman, Dr Derek Fisher, will assume a more ‘hands on’ role to support the company’s management team during this transition period.


Appointment of Director

Celamin Holdings (ASX: CNL) announced that Gary Scanlan has rejoined the board as a non-executive director.

In addition to his role as a non-executive director, Scanlan has agreed to serve as chairman of the Audit Committee of the Board and as deputy chairman of the Board.

“We are very pleased to have Gary’s direct input and greater involvement at a time when the company is moving to rapidly advance its definitive feasibility study of the Chaketma phosphate project in Tunisia,” Celamin Holdings chairman Andrew Thomson said.

“His project experience and knowledge of capital markets adds a vital element to the Board’s spectrum of expertise.”


Board Appointment

Doray Minerals (ASX: DRM) has appointed Peter Lester to the company’s Board as a non-executive director.

Lester is a mining engineer by profession and has over 35 years’ experience in the mining industry.

He has held senior executive positions with North Ltd, Newcrest Mining, Oxiana and most recently with Citadel Resource Group as an executive director.

He is currently a non-executive director of Chesser Resources, Toro Energy, White Rock Minerals and Nord Gold NV.

“The Board welcomes Peter to Doray and we look forward to his input, utilising his significant experience, as we enter the next growth phase for the company,” Doray Minerals managing director Allan Kelly said.


Appointment of CEO

Minbos Resources (ASX: MNB) announced the appointment of Lindsay Reed as chief executive officer.

Reed is a mining executive with over 30 years’ experience in senior management roles in Australia and overseas, having previously been director and CEO of resource development company Aviva Corporation Limited.

Reed’s immediate focus will be to finalise the scope of a Definitive Feasibility Study pursuing capital and operating cost reductions, extend the high-grade component of the resource base, and to present the company to international investors, potential strategic and off-take partners.

Appointment of CEO and MD

Gold producer Troy Resources (ASX: TRY) has appointed Martin Purvis as its new chief executive officer and managing director.

Purvis is a qualified mining engineer and was most recently CEO of Singapore-based Sakari Resources, a 10Mtpa coal mining business that was demerged from ASX-listed Straits Resources in 2010.

“With over 30 years’ experience on the front line of the mining industry, in a variety of challenging roles, we are confident that Martin is the right match for Troy,” Troy chairman David Dix said.

“He has the right skill set to ensure the company maintains the significant momentum it has built up over recent years.”


Resignation of Non-Executive Director

Ramelius Resources (ASX: RMS) reported Ian Gordon has resigned as a non-executive director of the company.

Gordon joined Ramelius in 2007 as COO and was appointed CEO in 2009 and subsequently managing director in October 2010.

In June 2014 he ceased acting as managing director and continued on the Board as a non-executive director without remuneration.

Gordon told Ramelius his decision was based on a need to focus his efforts in his new external role [MD with Flinders Mines (ASX: FMS)].

Elvis has left the building

Thursday, September 18, 2014

THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry.

Appointment of Chief Operating Officer

Red River Resources (ASX: RVR) has appointed Mel Palancian as the company’s new chief operating officer and executive director.

Palancian has over 20 years experience in the mining industry with his most recent role being deputy operations director at Newcrest’s Gosowong operation in Indonesia.

Prior to this, he held a range of senior positions at a number of company’s including MMG, OZ Minerals, and Zinifex.

“We are delighted that Mel is joining Red River and bringing the requisite technical skills and background to continue the transformation of Red River into Australia’s newest listed zinc producer,” Red River Resources managing director Donald Garner said.

“Mel brings technical strength to the senior management team of Red River and he has a proven track record in base metal project development and operation.”


Board Changes

Greenland Minerals and Energy (ASX: GGG) announced Roderick McIllree has resigned as managing director of the company and Dr John Mair, a current and long-standing executive director of the company has been appointed as the company’s new managing director.

Chairman, Michael Hutchinson has relinquished this role with the Board but will continue to serve as a non‐executive director.

Tony Ho, an independent non‐executive director and chairman of the Audit Committee, has been appointed as the new independent chairman of the company.

Simon Cato, a non‐executive director has assumed the role of the chairman of the Audit Committee.

“Roderick was a founding director of GMEL, initiated the Kvanefjeld project acquisition that crystallised in 2007, and whose passionate drive presents GMEL with the opportunity to develop the world’s largest undeveloped resource of rare earth elements and uranium, in close consultation with Greenland,” GMEL chairman Tony Ho said.

“On behalf of the directors, staff and stakeholders of GMEL, the directors thank Roderick for his major contributions and wish him the best for his future endeavours.

“I would also like to thank Mike Hutchinson for chairing the company through its formative years and look forward to his counsel in the re‐constituted Board.

“The changes to the Board and management of the company signal the evolution of GMEL from an exploration to a project development company, and at the same time ensuring our business has the best structure as we enter this exciting phase of development at Kvanefjeld,”

Director and Company Secretary Changes

Select Exploration (ASX: SLT) advised the market Cherie Leeden has resigned from her position on the Board as a non‐executive director due to other work commitments.

Leeden is replaced on the Board by in‐coming non‐executive director Phil Warren, a chartered accountant and executive director of West Perth-based Corporate Advisory firm Grange Consulting Group.

Warren has over 18 years experience in finance and corporate roles in Australia and Europe.

He is a non‐executive director of ASX-listed Cassini Resources (ASX: CZI).

As a result of his appointment, Warren has resigned his position as company secretary and is to be replaced in that role by Steven Wood.


Appointment of Alternate Director

Frontier Resources (ASX: FNT) chairman and managing director Peter McNeil has appointed Ms Paige McNeil to act as an alternate director at any meeting of directors at which he is not able to exercise his powers as a director.

The appointment is for an initial twelve month period.

Ms McNeil is a Corporate Governance practitioner with 15 years’ experience in the mineral exploration industry in Australia, Canada and Papua New Guinea.

She has worked for ASX and TSX-V listed and unlisted companies and possesses an extensive skill set including but not limited to Corporate Administration, Human Resources, Compliance, Risk Management, Strategic and Operational Planning and Capital Raising.

She is currently managing director and former company secretary of Quintessential Resources and an executive director of Exploration & Management Consultants and Extra Mile Developments.

Elvis has left the building

Thursday, October 16, 2014

THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry.

Nimbus project Manager Appointment

MacPhersons Resources (ASX: MRP) has appointed Andrew Lawry, a highly-experienced group project manager to lead the design and costings process for the company’s Nimbus silver-zinc-gold project in Western Australia.

Lawry will oversee the design of the Nimbus processing plant and the project’s final capital and operating cost estimates.

These estimates will form a key part of the Nimbus Bankable Feasibility Study, which is due to be completed in the middle of next year. First production is scheduled for 2016.

Lawry will also oversee the engineering, construction and commissioning of the Nimbus plant and remain a key member of MacPhersons’ executive team as production ramps up.


Appointment of Managing Director

Kidman Resources (ASX: KDR) announced executive director Martin Donohue will now assume the role of managing director.

“Martin has been instrumental in bringing opportunities to Kidman from pre IPO and Kidman will benefit from Martin’s focus and drive to take the company forward,” Kidman Resources chairman Garrick Higgins said.

“I look forward to doing so with him at the helm”.


Executive Director Appointment

Dateline Resources (ASX: DTR) has appointed Stephen Baghdadi as executive director of the company.

Mark Johnson has resigned his executive role but will remain as chairman of DTR.

Baghdadi will receive a monthly fee of $5,000 which will be accrued for and paid at the Board’s discretion as cashflow allows.

He will also receive 7.5 million options with a strike price of 4 cents and an expiry date of 21st May 2016.


New Non-Executive Director

Minera Gold (ASX: MIZ) announced Brett Heath has been appointed to the company’s board of Minera Gold as a non-executive director.

Heath is the newly-appointed nominee of SilverStream SEZC, a precious metals streaming company, which has funded Minera Gold with US$6 million of its US$9.5 million total commitment in exchange for entering into gold and silver purchase agreements covering production from the company’s 100 per cent-owned Torrecillas gold project and the recently acquired San Santiago mill, both located in Southern Peru.

Heath is currently serving as president and director of SilverStream SEZC.


Appointment of Managing Director and Chairman

Celamin Holdings (ASX: CNL) announced the appointment of the company’s current chief executive officer, Nic Clift as managing director.

Clift is an experienced senior mining industry executive with expertise in the sub-Saharan and North African region, experience that has proved invaluable in the company’s aims to advance its core asset, the Chaketma phosphate project in Tunisia.

The company has also appointed Martin Broome, who is currently a non-executive director as the company’s new chairman.

Broome has more than 37 years’ experience in the African minerals industry having founded African Mining Consultants in 1994 where he was managing director until 2010.

Elvis has left the building

Friday, November 07, 2014

THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry.

Appointment of new Chairman and Director

Elemental Minerals (ASX: ELM) announced the appointments of Tom Borman as the new chairman of the Board and Mike Golding as a non-executive director.

Borman will replace Sam Middlemas who will remain on the Board as a non-executive director.

“We are extremely pleased that both Tom and Mike have agreed to join the Elemental Board,” Elemental Minerals CEO John Sanders said.

“It has been our stated intention to significantly strengthen the Board with a broad set of skills and experience that are integral to developing the world class Kola and Dougou assets in the Republic of Congo and to further augment the strategic direction of the company.

“The company would like to thank Sam Middlemas for the service he has provided as chairman of the Board and are delighted that he has agreed to stay on in a non-executive role.”


Board Changes

Alara Resources (ASX: AUQ) announced the resignation of His Royal Highness Prince Abdullah bin Mosaad bin Abdulaziz Al Saud as a non-executive director following his appointment by Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud to a government position as General President of Youth Welfare, effectively, the Kingdom of Saudi Arabia’s minister of sport.

In connection with this resignation HRH Prince Abdullah is obliged to resign all private sector directorships.

Alara has appointed James D Phipps, HRH’s principal advisor and, to date, alternate director on the Board of Alara, as a non-executive director.

Phipps represents the interests of HRH Prince Abdullah on the boards of various public and private companies, a number of which he chairs.

“Alara has been very fortunate to have HRH Prince Abdullah on its Board; to represent the company’s interests in Saudi Arabia and to advise the Board and management team as the company transitions to be a base metals producer in Saudi Arabia,” Alara Resources chairman Ian Williams said.

“Alara is pleased to have continuity for this influential Board position, with James Phipps transitioning to non-executive director and continuing to represent Alara’s interests in the Kingdom at Board level.”


Appointment of General Manager

Royal Resources (ASX: ROY) has appointed Nathanial Toll as interim general manager.

Royal said the appointment is in accordance with the company’s intention to relocate its executive and business office to South Australia to better control the development of the Razorback iron project.

Toll is a hydrogeologist with a Bachelors degree in geology and a Masters degree in Hydrogeology.

He has over 15 years’ experience in industry. During his career he has managed technical studies environmental approvals in the contaminated sites, mining and nuclear waste industries.

He has held technical and management positions at Rio Tinto and Sandia National Laboratories.


Board Changes

Marenica Energy (ASX: MEY) announced that Robert Pearce has retired as chairman and a director of the company.

Pearce has been chairman of Marenica since 2010.

The company has advised that non-executive director Doug Buerger has been appointed as its new chairman.

Buerger specialises in exploration, geochemistry and geology with over 40 years’ experience in the resources industry in base metals, gold and uranium.

Marenica has also appointed Hanlong nominee Lou Guo Qing as a non-executive director of the company.


Toro appoints Sentient representative to Board

Subsequent to The Sentient Group and Toro Energy (ASX: TOE) reaching agreement in regards to a $10 million cash injection by the former, Toro has agreed to grant Sentient the right to appoint one nominee to its Board for so long as Sentient maintains a minimum interest in Toro of 11 per cent.

Michel Marier has been invited to join the Board of Toro. Marier joined Sentient in 2009 as an investment manager.

Before joining Sentient, Mr Marier worked for eight years at the Private Equity division of la Caisse de dépôt et placement du Québec (CDPQ).

He is currently a Director of ASX-listed Geodynamics (ASX: GDY) and Samco Gold, a company listed on the TSX.V exchange.

Elvis has left the building

Friday, November 14, 2014

THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry.

Director Retirement

Potash West (ASX: PWN) announced George Sakalidis has notified the company of his intention not to stand for re-election as a non-executive director.

Accordingly he will retire as of the company’s Annual General Meeting on 26 November
2014.

“George was a founding director and was instrumental in listing PWN in 2011,” Potash West chairman Adrian Griffin said.

“He has been a staunch supporter of the company and his local experience, having operated in the
Perth Basin for many years, has been an invaluable management asset.

“I extend my personal thanks, and that of the PWN Board, to George for his efforts.

“All of the PWN management team would like to wish George well for the future, knowing that his support will remain long after his retirement from the board.”


Board shakeup

RNI NL (ASX: RNI) has appointed Royce McAuslane as managing director as part of a review of the Board’s executive structure.

McAuslane joined RNI as a consultant a year ago and was appointed development manager in July 2014 to oversee the delivery of the Grosvenor gold project and other project development activities.

As part of the Board review, executive chairman Miles Kennedy will become non-executive chairman and executive technical director Albert Thamm will become a non-executive director.

“In the 12 months he has worked for RNI, Royce has proven himself to be extremely professional and diligent,” Kennedy said.

“He has the right credentials to take RNI through the next phase as we look to transition to a mining company, generating the cash flows which will in turn enable RNI to fund our ongoing copper-gold exploration programs in WA’s Bryah Basin.”

Elvis has left the building

Thursday, November 20, 2014

THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry.

Managing Director Resigns

Robert Mencel has resigned his position as managing director of IronClad Mining (IFE: ASX).

Mencel was appointed in 2012 to develop the Wilcherry Hill iron ore project.

“During his time at the helm the iron ore industry has been plagued by decreasing prices, increasing costs and high exchange rates,” IronClad Mining said.

“The company acknowledges the contributions Mr. Mencel has made in trying to overcome these hurdles and is grateful for his efforts.”


Board and Management changes

Oro Verde Limited (ASX: OVL), following its decision to focus its activities in Nicaragua is to make a number of changes to its Board and Management.

Trevor Woolfe will be appointed as chief executive officer while serving executive chairman and managing director, Dr Wolf Martinick will relinquish his role as MD and move to non-executive chairman.

Executive technical director, Dr Brad Farrell will remain as a technical director but in a non-executive capacity.

Current directors Ross O’Dea and David Ward will both retire.

Well known industry executive Tony Rovira will be appointed to the Board as a non-executive director.


Chief Executive Officer appointment

Yellow Rock Resources (ASX: YRR) has appointed Vincent Algar to the position of chief executive officer (CEO) to lead the company through its next stages of growth and the advancement of the company’s high-grade Gabanintha vanadium project.

“The Board is extremely pleased to be in a strong position to advance the Gabanintha vanadium project and the addition of Mr Algar to the team will help the company achieve the next steps efficiently,” Yellow Rock Resources executive director Leslie Ingraham said.

“His prior experience in resource consulting, listed companies and with ferro-metals will be invaluable to help move the project towards feasibility.

The company also advised the resignation of Lorry Hughes as its current CEO.


Chairman takes Management Role

Spitfire Resources (ASX: SPI) announced that its chairman James Hamilton has agreed to take up full time management of the company.

Hamilton becomes Spitfire’s managing director after the passing of John Mackenzie.

Hamilton is one of the founders of Spitfire and the company’s second biggest shareholder.

He will lead a reduced board of three.

He brings to the role more than 20 years’ experience in the global resources sector and has held executive management positions for both Australian and UK public companies during the past decade.

Board Changes

Base Resources (ASX: BSE) announced that Mike Stirzaker has been appointed to, and Trevor Schultz has retired from, the role of non-executive director.

Schultz’s retirement comes as part of the ongoing evolution of the composition of the Board as the company moves into its next phase of development.

He has been a director of Base since 2011 and has been instrumental throughout the construction phase of its Kwale project.


Resignation of Executive Chairman and Executive Appointment

Fifth Element Resources (ASX: FTH) advised that its chairman Chi Ho William Lo has resigned from the Board to pursue other business opportunities, but will continue to act as a consultant to the company.

The company also announced the appointment of Yang Zhang as chairman and chief executive officer.

Zhang has over 20 years’ of experience in industrial investment and management.

He has previously been the chairman of companies listed on the Hong Kong Stock Exchange, including Inter-China Holdings Company Limited and Guo Xi Group Limited.

Elvis has left the building

Friday, November 28, 2014

THE BOURSE WHISPERER: The regular game of musical chairs continues within the boardrooms across the resources industry.

Director Resignations

BC Iron (ASX: BCI) announced that Mike Young, Malcolm McComas, and Peter Wilshaw have resigned as non-executive directors of the company.

These resignations reduce the Board from eight to five, comprising the chairman, the managing director and three non-executive directors.

BC Iron said the resignations reflect recent Board discussions to reduce its size in the current iron ore price environment.

The Board has also resolved to reduce the fees of the remaining non-executive directors.

“BC Iron wishes to acknowledge the material contributions from each of Mike Young, Malcolm McComas and Peter Wilshaw,” BC Iron chairman Tony Kiernan said.

“They have initiated this change and we thank them sincerely for their particular contributions to the Board and the company.”


Retirement of Director

Adelaide Resources (ASX: ADN) announced John den Dryver has retired from his role as a director of the company.

Den Dryver joined the Board of Adelaide Resources almost 10 years ago as a non-executive director, a position he has held since that time.

Prior to joining Adelaide Resources he held senior managerial and executive positions with a number of resources companies.

In addition to his non-executive role at Adelaide Resources, he has also acted as a non-executive director for a number of other ASX-listed resources groups.


Appointment of Managing Director

Southern Cross Goldfields (ASX: SXG) announced David Sproule has assumed the positions of managing director and chief executive officer.

Sproule was appointed executive director in September 2014 to focus on bringing the company’s projects into production over the next 12 month commencing with the Manuka silver and Mt Boppy mines.


Managing Director resigns

Spectrum Rare Earths (ASX: SPX) announced Ian Bamborough will cease employment as managing director of the company at the completion of his current contract term on 30 November 2014.

Bamborough has served more than seven years in this position having been appointed a few months after the company’s listing on ASX in 2007, and has been responsible for the discovery of the company’s suite of rare earths prospects, including Quantum, Stromberg and Skyfall.