Elvis has left the building October 14
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:
Chairman Retirement and Appointment
Alumina Limited announced the retirement of Don Morley as chairman and a non-executive director.
John Pizzey will succeed Morley as chairman.
Pizzey joined the Alumina Board as a non-executive director in 2007 and is chairman of the Board’s audit committee.
He has held a number of directorships and is currently chairman of Iluka and a director of Amcor.
Peter Wasow will succeed Pizzey as chairman of the Alumin Board’s audit committee.
Appointment of Botswana national
A-Cap Resources has appointed Anthony Khama to the Board the company’s wholly-owned subsidiary, A-Cap Resources Botswana (Proprietary) Limited.
Khama is the son of the first President of Botswana, Sir Seretse Khama and the younger brother of the current President of Botswana, Lt. Gen. Seretse Khama Ian Khama.
He is renowned for his business achievements in Botswana and his family name holds great significance for the Botswana people.
Management Changes
Paynes Find Gold has accepted the resignation of Brian Leedman, from the role of interim managing director.
Leedman remains on the Board of the company as a non-executive director.
Appointment of Director
Fox Resources announced the appointment of a new independent non-executive director, Garry East.
East is a Western Australia-based businessman who has taken leadership roles in the agricultural industry and has been an active investor in the resources sector for many years.
He has taken a substantial holding in the company.
Board Changes
Following a Subscription Agreement with Infiniti Premium Resources, Signature Metals announced the appointment of Richard Chan as a director of the company.
Mr Chan has extensive corporate experience, most recently as CEO and director of Singapore public listed company CarrierNet Global and he is also a director of ASX-listed Millepede International.
Signature Metals also advised the market that Stuart Murray has resigned as a director of the company.
Director appointment / Resignation
Ram Resources announced the appointment of James Lumley as a non- executive director of the company.
Lumley has worked in the resource industry for a number of years, previously having worked at director level in the London property sector for more than 15 years, providing property investment opportunities for international institutions.
Ram also advised that non-executive director, Dr Andrew Scogings, told the Board that, due to additional commitments in his geological consulting business, he cannot continue to commit to the time required as the company’s technical director, and has resigned as a director of the company.
Scogongs is keen to remain involved with the Motzfeldt project and will continue to provide consulting services to Ram on an “as required” basis.
Board and Management Changes
Gulf Industrials Limited announced the resignation of Vic Fitzmaurice as a director and chief executive officer.
Mark Arnesen has been appointed acting chief executive officer and chief financial officer.
Arnesen has been an adviser to the company for the past six months and assisted with its recent capital raising.
In conjunction with the above appointment Rob Guest, who commenced with the company as manager east African operations has been appointed chief operating officer.
Board Changes
Southern Crown Resources announced that chairman Bruce Fulton decided not to stand for re-election as a director at the company’s recent Annual General Meeting.
Rhod Grivas will take over as chairman.
Managing Director Steps Down
Energia Minerals announced that Keren Paterson will step down from the position of managing director.
Energia has commenced a search process to secure a top-quality chief executive officer with strong credentials in taking projects from exploration through to development.
A new appointment is expected to be announced within 2-3 months.
Dr Leigh Bettenay, executive director, will continue to manage the ongoing exploration activities and technical studies of the company.
Non-Executive Director Resigns
Falcon Minerals announced that Graeme Cameron has resigned as non-executive director to effectively pursue his professional interests in the sector.
Conquest Appoints Chief Financial Officer
Conquest Mining announced that Tim Churcher will join the company as chief financial officer.
Churcher has 25 years of experience in a range of technical and financial disciplines both locally and internationally within the gold sector, most recently as chief financial officer and company secretary of Australian gold producer Unity Mining.
Appointment of Managing Director
Carabella Resources announced the appointment of experienced coal industry executive Anthony Quin as managing director.
Quin is a prominent member of the Queensland coal industry, having served 14 years with BHP Billiton including two years as chief development officer of its Metallurgical Coal business, the world’s largest exporter of metallurgical coal.