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:
Appointment of Non-Executive Chairman
Avonlea Minerals has appointed David Macoboy as non-executive chairman.
Macoboy has over 20 years in the resources sector and joins Avonlea following roles at Board level with a range of successful ASX listed exploration and mining companies.
He is currently non-executive chairman of Vital Metals, and has held previous directorships with Ammtec, Ironclad Mining, Grange Resources, Territory Iron and Consolidated Minerals.
Roger Steinepreis will as a consequence step down as chairman, but will remain a non-executive director of the company.
Appointment of non-executive director
Exco Resources has appointed Dr Tom Whiting as a non-executive director.
Whiting has over 30 years minerals exploration industry experience both as a geophysicist and an exploration manager.
He is currently a consultant and is a non-executive director of Predictive Discovery, non-executive director of Stellar Resources and the non-executive chairman for the Deep Exploration Technologies Cooperative Research Centre.
Appointment of Chief Operating Officer
Venturex Resources has appointed Ian Suckling as chief operating officer.
Suckling is a highly experienced mining engineer with over 30 years in the mining industry and is currently employed by Newmont Mining Corporation (Newmont) as the senior director – Underground Mine Engineering.
Board and management changes
Brockman Resources has announced a number of changes to its Board and management.
Barry Cusack has resigned as chairman and Peter Luk has been appointed a non-executive director and chairman.
Ross Ashton and David Nixon have resigned as non-executive directors.
Richard Wright and Robert Brierley have been appointed as non-executive directors of Brockman to fill the casual vacancies.
Wayne Richards has resigned as managing director of Brockman on mutually agreed terms.
Colin Paterson, previously general manager – Exploration and Resource Development and a founding executive director of Brockman, has been appointed interim chief executive officer.
He will also continue as an executive director of the company.
In addition to Colin Paterson, directors continuing in office are Ross Norgard, Warren Beckwith and Hendrianto Tee.
Arafura appoints Non-Executive Director
Rare earths company Arafura Resources has appointed Loretta Reynolds as a non-executive director.
Reynolds is a corporate lawyer specialising in complex commercial transactions and mergers and acquisitions.
Reynolds has Board experience in the areas of superannuation, arts and education. In 2011, she was awarded a Board Diversity Scholarship by the Federal Government and Australian Institute of Company Directors.
Appointment of Non-Executive Director
Norton Gold Fields has appointed of Mr Zeng Xianhui, as a non-executive director.
Xianhui has been nominated by Zijin Mining Group Co.as its representative director, in accordance with the terms agreed as part of a recently completed share placement.
Xianhui is a senior geology engineer, with professor status, and has almost 30 years industry experience.
He has worked for Zijin in a number of senior operational and technical roles since joining the company in 1995 and is currently chief geologist with accountability for group-wide exploration activities.
Resignation of Director
Sinovus Mining has advised that Jim Meehan has resigned as a director.
Appointments and Resignations of Officeholders
Blackcrest Resources announced changes to its Board.
Andrew Wild has been appointed a non-executive director.
Wild is a Mining Engineer with more than 20 years’ experience in the planning, development and delivery of infrastructure projects.
He has held director and senior management positions with Australian and multi-national firms, including Lend Lease, McDonnell Dowell, Veolia, John Holland, Thiess and Leighton Holdings.
Blackcrest also announced the resignation of Gregory Cornelsen a non-executive director.
Appointment of Director
Rex Minerals has appointed Alister Maitland as a non‐executive director.
Maitland is a former executive director of the ANZ Banking Group.
His professional experience has included global business expansion, internal and external consulting, treasury projects and international political agendas.
He has been a non‐executive director of a number of publicly listed ASX companies and Government bodies covering a wide range of activities including property services, mining, banking, asset management and health.
Maitland is a former chairman of Ballarat Goldfields and director of Lihir Gold and is currently a director of Malayan Banking Berhad (Maybank), headquarted in Kuala Lumpur.