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.
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.
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.