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.
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.
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.