Matthew Wood

Hunnu Coal's Matthew Wood will join the board of Lindian Resources, as part of its move to acquire a portfolio of Philippines gold assets.

Investors in one of Perth's top stockmarket floats of 2010 are set to reap a spectacular return after Thai coal miner Banpu Public Company today announced a friendly $477 million takeover offer for Hunnu Coal.

Avanco Resources chairman Matthew Wood has exercised 6.2 million options to acquire shares in the company at a cost of 1.5 cents each, to increase his shareholding in the Brazilian-focused metals explorer to 24.1 million shares.

Shares in Strzelecki Metals have soared after it announced prominent Western Australian businessmen Brian McMaster and Matthew Wood would head up a new board of directors.

William Ryan has been appointed as non-executive chairman ofOakland Resources, Nicholas Lindsay as managing director, and Daniel Crennan asa non-executive director, following shareholder approval for the acquisition of

Non-executive director Colin Jones has been appointed non-executive chairman at Brazilian base metals explorer Avanco Resources, following the resignation of founding chairman Matthew Wood, who remains as a non-executive director.

Matthew Wood has resigned as executive chairman and director of Lindian Resources, with current non-executive director Eddie King stepping into the chairmanship.Mr King was appointed to the Lindian board in June.

AustSino Resources Group has appointed Michael Keemink as executive director. Edward Saunders, current executive chair, will become non-executive chair.Peter Smith has been appointed non-executive director of Force Commodities.

Peninsula Energy has announced that John G Simpson will be stepping down as managing director and chief executive. He will be replaced by Wayne Heili who will commence with the company in April.