Padbury Mining has announced the appointment of former Gindalbie executives Garret Dixon and David Southam to its board of directors, effective immediately.
Padbury Mining said today it has received a non-binding offer from China's Taifeng Group Co to take a 30 per cent stake in the company and a half share of its Peak Hill iron ore project.
Padbury Mining has called a general meeting for September 8 after a group of dissident shareholders, led by Denis McInerney, gained the support of enough shareholders to force the meeting and push for a board spill.
Tony Sage's Mid-West iron ore play Fe Limited has put more pressure on the embattled board of Padbury Mining, announcing it will bid for the iron ore junior if existing directors Luke Innes, Gary Stokes and Colin Stirling leave the company.
