Bigger is better for new chiefs eyeing more money
Wednesday, 5 December, 2012 - 02:13
LOOKING at the remuneration packages negotiated by newly appointed chief executives in Perth, there is a common pattern -5 size equals money.
Mark Connelly is an experienced listed-company chair, held extensive leadership roles within the resources industry, as well as direct operational and capital markets experience in various jurisdictions including Australia, North America, South America, Africa and Europe.
His track record for deal making in Africa includes the US$570 million merger of Papillon Resources with B2 Gold Corp in 2014 and the USD$600 million merger of Adamus Resources with Endeavour Mining in 2011. He was instrumental in the development, construction and commissioning of Endeavour’s Nzema gold mine in Ghana. More recently, he was the chairman of West African Resources through the development, construction and commissioning of the Sanbrado mine in Burkina Faso and chairman of engineering company Primero through its acquisition by NRW Holdings,
Earlier in his career, Mr Connelly held executive roles with several mining companies, including five years with Adamus Resources, five years with Newmont Mining Corporation, USA and 12 years with Inmet Mining Corporation, Canada.
Mr Connelly is a member of the Australian Institute of Company Directors, the Australian Institute of Management, and the Society of Mining Metallurgy and Exploration.
Rank | Company | # | |
---|---|---|---|
44th | Strandline Resources | $86.80m | |
45th | Beacon Minerals | $83.53m | |
46th | Calidus Resources | $80.51m | |
47th | Vysarn | $76.39m |
Rank | Company | 1 Yr | 5 Yr |
---|---|---|---|
808th | Bubs Australia">Bubs Australia | 0% | -35.91% |
809th | Orion Minerals">Orion Minerals | 0% | -12.94% |
810th | Calidus Resources">Calidus Resources | 0% | 0% |
811th | Fluence Corporation">Fluence Corporation | 0% | -31.57% |
812th | Kingston Resources">Kingston Resources | 0% | -12.94% |
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LOOKING at the remuneration packages negotiated by newly appointed chief executives in Perth, there is a common pattern -5 size equals money.
Only a handful of WA companies completed substantial capital raisings in the March quarter. We analyse how they went about it.
Papillon Resources has commenced a definitive feasibility study for its Fekola gold project in Mali, appointing Perth-based contractor Lycopodium as lead engineer for the study.
West African gold developer Papillon Resources has commenced early site clearing at of the plant site and mine services area at its flagship Fekola project.
Perth company director Ian Middlemas has presided over another lucrative takeover deal, after the board of Africa-focused Papillon Resources agreed to a $615 million all-scrip takeover by Canadian major B2Gold.
Mark Connelly has been appointed as the non-executive chairman of Cardinal Resources. Mr Connelly has more than 27 years of experience in the mining industry, and has held senior executive positions with Newmont Mining Corporation and Inmet Mining Corporation.
Africa-focused Tiger Resources has named Agrimin chairman Brad Sampson as its new chief executive, replacing Michael Griffiths who spent four years in the role.
Cardinal Resources has appointed Jacques McMullen and Michele Muscillo as non-executive directors. Mr McMullen had a distinguished 35-year career in the mining industry prior to retiring in 2012.
Kyla Garic has resigned as joint company secretary of Calidus Resources. James Carter, current chief financial officer, will become the sole company secretary.
Experienced mining executive Mark Connelly has been appointed an independent non-executive chair of Calidus Resources.
Mark Connelly-led Tao Commodities is set to commence trading on the ASX on Monday, after the junior explorer raised $4.7 million via an initial public offering.
Perth-based engineering firm Primero Group has appointed company director Mark Connelly as chairman and broking firm Cannacord Genuity as lead manager as its finalises plans for an initial public offering.
Mark Connelly has resigned as non-executive director at Ausdrill. Mr Connelly has held various senior management positions for other resource companies including Adamus Resources and Newmont Mining Corporation.
Local engineering company Primero Group made a steady debut on the ASX today after completing a $25 million initial public offering.
Mining services contractor Ausdrill has continued its board renewal, including the appointment of its first female director, just weeks after company founder Ron Sayers retired.
Hume to lead Variety
Our daily board moves wrap includes Geraint Harris, Alexander Burns, Kevin Tomlinson, Ray Shorrocks, Justine Campbell, Keith Bakker, David Rich, Peter Torre, Richard Hyde, Lyndon Hopkins, Rodney Leonard, Nigel Spicer, Mark Connelly, Ian Kerr, Luke Holden, Stuart Cruickshanks, and Todd Giltay.
Subiaco-based Tao Commodities has added to the growing interest among junior mining companies in the Western Australian iron ore sector, after it signed a binding term sheet to buy DSO Mining in a scrip deal worth at least $3.27 million.
Decmil has appointed current executive director Dickie Dique as chief executive, replacing Scott Criddle who will remain with the company as an executive director.
Hot on the heels of a successful $2.4 million capital raise, unlisted Barton Gold has moved to further strengthen its leadership group as the gold explorer gears up for follow-up drilling at its historic Tarcoola gold project in the Gawler Craton, South Australia, and a possible IPO this year.
Our board moves wrap includes Dieter Moor, Todd Hannigan, and Mark Connelly.
Our board moves wrap includes Dougal Ferguson, Kate Stoney, Carol New, Charles Schaus, Anastasios Arima, Patrick Glovac, and Mark Connelly.
Three Western Australian gold explorers have launched IPOs this past week, with the biggest raising headed by Subiaco-based Barton Gold.
Our board moves wrap includes Brian Hill, Peretz Schapiro, Mark Connelly, and Peter Voulgaris.
Our board moves wrap includes Nicholas Katris, Michael Naylor, Kenneth Williams, Mark Connelly, Richard Crookes, Matt Freedman, Andrew Denniss, Dickie Dique, Ashok Parekh, Jon Price, Sam Pazuki, Ian Murray, Mick Wilkes, Robert Stockdale, Mathew Longworth, and Dale Schultz.
Our board moves wrap includes Mark Connelly, Richard Monti, Terry Wheeler, Graham Arvidson, Samantha Hogg, Peter Bradford, Matt Dusci, Rob Velletri, John Rubino, Zoran Bebic, and Peter Dempsey.
Our board moves wrap includes Mark Connelly, Eddie Rigg, Brendan Harris, Jason Grace, and Sophie Raven.
Our board moves wrap includes Andrew Tunks, Ben Talbot, Michael Higginson, Kate Sainty, Dan Robinson, Arron Canicais, Glenn Corrie, Mark Connelly, Lynda Burnett, David Royle, Donald James, Kyla Garic, Martin Pawlitschek, Greg Columbus, Douglas Jendry, Nick Rowley, and Tamara Brown.
Our board moves wrap includes Mark Connelly, Leigh Warnick, Martina Merz, and Sharon Thorne.
Our board moves wrap includes Michael McCormack, Don Lindsay, Ian Cockerill, Jeremy King, Mark Hohnen, Robert Black, Gavin Ryan, William Foster, Geoff Newman, Matt Freedman, Mark Connelly, Suzie Foreman, Jon McLoughlin, Nicole Duncan, Peter Sullivan, Rebecca Hayward, Gillian Swaby, Nick Cernotta, Susan Park, Mark Bolton, and Robert Klug.
Omnia Metals will begin on-ground exploration activities at its Ord Basin project in the Kimberley, while the company remains suspended from trading on the Australian Securities Exchange.
Today’s board moves wrap includes Paul Cronin, Gary Steinepreis, Gary Harvey, Justin Clyne, John Madden, Johan Lambrechts, Mark Connelly and more.
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Mark Connelly is linked to 32 organisations which are included in 3 lists - Public Companies - non WA, Gold Miners and Public Companies - Resources WA.
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