Thursday, 10 June, 2010 - 10:01
Cusack to chair Brockman
Former Rio Tinto managing director Barry Cusack has been appointed as non-executive chairman of iron ore company Brockman Resources.
Mr Cusack is an honorary life member of the Chamber of Minerals and Energy of Western Australia Inc. He joined CRA Limited (now Rio Tinto Limited) in 1966 and retired from the position of Managing Director of Rio Tinto Australia in December 2001. Mr Cusack was President of the Minerals Council of Australia from 2001 to 2003 (member since 1996).
Rank | Company | # | |
---|---|---|---|
3rd | - | Perenti | $3.38bn |
4th | - | NRW Holdings | $2.94bn |
5th | ![]() |
Macmahon Holdings | $2.04bn |
6th | ![]() |
Monadelphous | $2.02bn |
7th | ![]() |
Austal | $1.55bn |
Rank | Company | 1 Yr | 5 Yr |
---|---|---|---|
116th | Myer">Myer | 112.56% | 20.88% |
117th | Stellar Resources">Stellar Resources | 111.57% | 13.15% |
118th | Macmahon Holdings">Macmahon Holdings | 110.7% | 12.8% |
119th | MoneyMe">MoneyMe | 110.53% | 0% |
120th | SRG Global">SRG Global | 110.49% | 34.77% |
Former Rio Tinto managing director Barry Cusack has been appointed as non-executive chairman of iron ore company Brockman Resources.
Brockman Resources and Wah Nam International say the timely development of the Marillana iron ore project is top priority following the conclusion of Wah Nam's $900 million plus takeover offer.
Brockman Resources has replaced most of its board of directors in the wake of Hong Kong investment house Wah Nam International taking a controlling stake in the iron ore junior.
Macmahon Holdings shareholders have registered their displeasure with the company’s poor finance performance, with nearly half voting today against the granting of performance rights to managing director Ross Carroll.
Macmahon Holdings boss Ross Carroll, who was one of the highest paid chief executives in Western Australia's contracting sector, has resigned with immediate effect, as the company increases its focus on cost cutting.
Position | Company | Year | Company's current rank |
---|---|---|---|
Deputy Chairman
|
2009 - 2015 | 5 |
Company | Date | Transaction type | Number of shares | Price per share | Transaction value | Nature of change |
---|---|---|---|---|---|---|
2013-01-22 | Bought | 600,000 | $0.16 | $96,000 | Rights issue |
Announced | Bidder | Target | Transaction Type | Total Value | |
---|---|---|---|---|---|
Wah Nam International Holdings | Brockman Resources | Takeover | $456.00m | >> |