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.
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.”