Kingsrose Mining

Applecross-based Kingsrose Mining Ltd will open its initial public offer today, aiming to raise $6 million to fund the development of its Sand Queen gold mine in a joint venture with Reed Resources Ltd.

GETTING value for money is a subjective matter when it comes to assessing executive pay.

WHEN Silver Lake Resources managing director Les Davis and Integra Mining chief Chris Cairns used the first day of the recent Diggers & Dealers Forum in Kalgoorlie to unveil the $1 billion merger of their gold miners, imaginations began to run wild.

HOW does the managing director of an aspiring nickel miner remain positive amid weakening commodities prices and an equities market in decline?Poseidon Nickel’s David Singleton, who needs to raise nearly $200 million to develop the company’s Windarra project, has a simple approach.

Scott Huffadine has been appointed as managing director of Kingsrose Mining.Mr Huffadine was previously the deputy chief executive at Straits Resources and has held key management positions at both Westgold Resources and Metals X.

Perth-based gold companies Perseus Mining and Kingsrose Mining have strengthened their balance sheets after completing share placements worth a combined $40 million.

Is $1,500 per day plus all reasonable expenses a good rate of pay for the top executive at a junior mining company in the midst of a cost-cutting drive? Read Business News' latest quarterly salary survey to learn more.

Final approval has been granted for gold production at Kingsrose Mining’s Talang Santo mine in South Sumatra, Indonesia.

Corporate and financial communication firms, Citadel PR and Magnus Investor Relations, have entered into an agreement to combine their businesses to form a significant independent national player.

Kingsrose Mining managing director Scott Huffadine has resigned following a series of operational setbacks at the company's Indonesian gold mine, on the same day Kingrose postponed repayments on $10.1 million of debt to non-executive director Bill Phillips.

Piers Lewis has been appointed as a non-executive director to the board of Hawkley Oil & Gas. Mr Lewis was a founding director of Talga Resources and currently serves as director and company secretary for several ASX listed companies. 

Auroch Minerals announced that Dr. Andrew Tunks has committed to a full-time role as Auroch CEO. Auroch also advised that Ryan Gaffney has been appointed as a Non-Executive Director and Nicholas Ong has resigned as Director.

Six listed resources companies operating in commodities as diverse as gold, lithium and iron ore have announced a collective $36.9m in capital raisings today.

Two Perth-based gold miners have run into trouble, with Troy Resources striking problems at its mine and Kingsrose Mining falling into voluntary administration.

Wayne Reid has resigned as non-executive deputy chair, and Tim Slate has resigned as non-executive director and company secretary of Premiere Eastern Energy.

Roule Jones, current financial controller, has been appointed to the position of chief financial officer and company secretary of Orbital Corporation. Her appointment comes as Todd Alder was promoted to managing director and chief executive.

Overland Resources has appointed Peter Voulgaris as non-executive director, following the retirement of Hugh Bresser after serving more than 11 years on the board. Mr  Voulgaris has more than 20 years of experience in international mine operations, project management and development.

Advanced Braking Technology has promoted current chief financial officer John Annand to chief executive. He succeeds Peter Hildebrandt who has stepped down from the role.

Grant Davey has resigned as non-executive director of Boss Resources.

Our daily board moves wrap includes Warren Hallam, Jonathan Shellabear, Tim Kestell, Douglas Jendry, Debra Bakker, Geoff Rogers, Peter Benjamin, Chris Baker, Stephen Stroud, and Stuart Bodey

Kathleen Bozanic has joined the board of Independence Group as non-executive director.

Our daily board moves wrap includes Steven Wood, Silfia Morton, Jessamyn Lyons, Neil Hackett, Victor Rajasooriar, Peter Harold, Pip Darvall, Karen O'Neill, Nivin Thanabalan, and Brad Mytton.

Michael Ma has been appointed non-executive director of AustSino Resources Group.

Our board moves wrap includes Debra Bakker, Karen O'Neill, John Morris, Peter Lester, Nicole Adshead-Bell, Matthew Keane, and Mark Bennett.

Today's board moves wrap includes Richard Hill, Grant Mooney, Michael Hendriks, Christopher Achurch, Robert Martin, Tim Coughlin, Daryl Corp, Andrew Cooke, Dave Filov, and Brian Rodan.

Our board moves wrap includes John Ciganek, Jonathan Weber, Jeff Wilbur, Karen O'Neill, Michael Andrews, Joanna Kiernan, Oonagh Malone, and Amanda Burgess.

Our board moves wrap includes Bernard Crawford, Jessamyn Lyons, Fabian Baker, Michael Andrews, Daryl Corp, Todd Hannigan, David Frances, Richard Caldwell, Keith Coughlan, David Lenigas, Michael Bourke, Anthony Kiernan, Anthony Reilly, Craig McGown, and Daniel Coletta.

Our weekly appointments wrap includes Kathryn Maric, Dean Nalder and Mark Smith.

Our board moves wrap includes Fabian Baker, Matthew Power, and Kyla Garic.

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