Craig Readhead

The market may be getting the jitters over commodity prices but there are still a host of resources-related floats seeking to make the most of the buoyant capital markets.

Kalgoorlie-based nickel company Heron Resources Ltd has appointed Mathew Longworth as its managing director, among a series of changes to the company board announced today.

The boardroom battles at Mt Gibson Iron took a strange twist this week, with the ASX’s web site apparently showing that the three directors who opposed the recent election of new chairman Geoff Hill had resigned from the board.

Mount Gibson Iron has announced the appointment of two new directors as the company’s board grapples with a continuing rift over the independence of its chairman Geoff Hill.

One day after being praised by chairman Geoff Hill at the company’s annual meeting, iron ore miner Mount Gibson Iron has announced that managing director Luke Tonkin will step down from the role.

Heron Resources has become the fourth prominent Western Australian company to draw the ire of its shareholders with regard to its remuneration report.

The controversy over director independence at Mount Gibson Iron has taken another surprise twist, with a majority of the board resolving that one of its existing members should be reclassified as independent.

Mount Gibson Iron chairman Geoff Hill has secured final control of the iron ore miner's board, after the last of his critics, Craig Readhead, resigned today.

Iron ore miner Mount Gibson Iron has declared its maiden interim dividend, despite production problems at its mines and a slump in interim profit.

Paladin Energy has appointed former Mount Gibson Iron chief financial officer Alan Rule to replace Garry Korte, who has been poached by Gina Rinehart’s Roy Hill Holdings, a subsidiary of Hancock Prospecting.

Redbank Copper shares had a lukewarm return to trading today, closing at 0.4 cents after a major restructuring and recapitalisation led by investor Michael Fotios.

It’s an old adage that some of the biggest fortunes have been made when business conditions are at their toughest.

Embattled lithium producer Galaxy Resources has announced a deeply discounted $47 million rights issue to give the company a much needed cash injection.

Allion Legal partner Craig Readhead has been appointed as a non-executive director ofRedbank Copper, following the resignations of DCM DECOmetal GmbH nomineedirectors Martin Depisch, Gerhard Kornfeld and Thomas Styblo. Mr Readhead is

Lithium miner Galaxy Resources is on the lookout for a new boss, after Iggy Tan announced his resignation today.Mr Tan has served as Galaxy’s managing director for the past four and half years.Executive director Anthony Tse has been appointed interim managing director.

Junior explorer Heron Resources has announced a $15 million plan to merge with NSW-based exploration firm TriAusMin.Under terms of the agreement, TriAusMin shareholders will receive one Heron share for every 2.33 TriAusMin shares held.

Michael Fotios, who made a fortune backing gold miner Northern Star Resources, is heading back to the stockmarket to tap into what he calls “a marked increase in investor interest over the last 3 months”.

Junior resources companies are enjoying a renewed interest for capital raisings as investors return cautiously to equity markets after a dry 2013.

Craig Readhead has joined the board of nickel miner Western Areas as an independent non-executive director.Mr Readhead is currently chairman of Beadell Resources and principal, corporate-resources, at Allion Legal. 

Perth-based Swan Gold Mining has completed a one-for-10 share consolidation as part of a restructuring of the company that it proposes including a capital raising of up to $20 million and debt to equity conversion of more than $29 million.

Just weeks after Canadian shareholders challenged its current board, shares in Heron Resources were driven up 13 per cent on news that a peace deal had been arranged.

Gold miner Beadell Resources has come under new leadership, with the company appointing former Red Back Mining executive Simon Jackson as managing director and chief executive.

Beadell Resources has announced a restructure of its management and board. Current non-executive director Dr Nicole Adshead-Bell will take over from Simon Jackson as chief executive and managing director. Peter Holmes will step down as chief operating officer.

Our daily board moves wrap includes David Quinlivan, Mark Wheatley, Keith Jones, Tony Brazier, Susan Hunter, Craig Readhead, Campbell Baird, Mark Davies, Winton Willesee, Erlyn Dale, Peter O'Connor, Simon Trevisan, Neale Fong, Fleur Hudson, and CongYan Xue.