Michael Masterman
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Michael Masterman
Chair / Windlab
Michael Masterman is a co-founder of Po Valley Energy. He became executive chair and chief executive of PVE and Northsun Italia SpA in 2002 and resigned in October 2010 to take on an executive role with Fortescue Metals Group. He has been the chief executive of FMG's Iron Bridge, chair of Squadron Energy, and chief financial officer of Fortescue Future Industries from October 2020 to March 2022.
Prior to joining PVE, Mr Masterman was chief financial officer and executive director of Anaconda Nickel (now Minara Resources) where he oversaw the financing of the US$1 billion Murrin Murrin Nickel and Cobalt project in Western Australia, involving the negotiation of a US$220m joint venture agreement with Glencore International and the raising of US$420m in project finance from a US capital markets issue – the first of its kind for a green fields mining project.
Prior to joining PVE, Mr Masterman was chief financial officer and executive director of Anaconda Nickel (now Minara Resources) where he oversaw the financing of the US$1 billion Murrin Murrin Nickel and Cobalt project in Western Australia, involving the negotiation of a US$220m joint venture agreement with Glencore International and the raising of US$420m in project finance from a US capital markets issue – the first of its kind for a green fields mining project.
Lists and Charts
Roles
Year started and most recent title
Share Transactions
Total value as at the date of the transaction
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Person Activity
| NEW ROLE: Chief Financial Officer, Fortescue Energy | 28 Mar 2022 |
| NEWS: Tagged in FFI recruits Debelle from RBA | 10 Mar 2022 |
| NEW ROLE: Chair, Windlab | 10 Mar 2022 |
| NEW ROLE: Chair, Squadron Energy | 10 Mar 2022 |
| REMUNERATION UPDATE: Executive Chair, Chief Executive, Po Valley Energy | 24 Aug 2020 |
| REMUNERATION UPDATE: Executive Chair, Chief Executive, Po Valley Energy | 30 Jun 2020 |
News Articles
Related Information
Positions - Current
| Position | Company | Year | Company's current rank | WA staff |
|---|---|---|---|---|
| Chair | | 2020 |
Positions - Previous
| Position | Company | Year | Company's current rank |
|---|---|---|---|
| Executive Chair, Chief Executive | | 2016 - 2022 | 99 |
| Chair | | 2020 - 2022 | |
| Chief Financial Officer | | 2020 - 2022 | |
| Chief Executive, FMG Iron Bridge | | 2010 - 2014 | |
| Co-Founder, Chief Executive, Executive Chair | | 2002 - 2010 | 99 |
| Chief Financial Officer, Executive Director | | 1996 - 2001 | |
| Junior Partner | | 1986 - 1995 | 40 |
Directors Interests
| Company | Date | Transaction type | Number of shares | Price per share | Transaction value | Nature of change |
|---|---|---|---|---|---|---|
| Po Valley Energy | 25 Jun 2021 | Issued | 50,042,733 | $0.03 | $1,401,197 | OtherIssue of securities: 26,114,162 Shares issued ordinary shares for satisfaction of debt and interest (incl. con note interest) by conversion to equity as sub-underwritten and 23,928,571 Shares issued for cash. |
| Po Valley Energy | 06 Nov 2019 | Issued | 4,545,455 | $0.05 | $250,000 | Placement |
| Po Valley Energy | 05 Jun 2019 | Bought | 1,400,000 | $0.04 | $53,200 | On-market trade |
| Po Valley Energy | 24 May 2019 | Issued | 5,333,333 | $0.04 | $224,000 | OtherIssue of securities |
| Po Valley Energy | 26 Jun 2018 | Issued | 300,000 | $1.00 | $300,000 | OtherIssue of securities |
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Equity Capital Markets Deals
| Date | Company | Transaction Type | Total Value | |
|---|---|---|---|---|
| 18/06/21 | Po Valley Energy | Placement + entitlement offer | $10.1m | >> |
| 31/07/19 | Po Valley Energy | Placement | $1.4m | >> |
| 19/12/18 | Po Valley Energy | Placement | $1.2m | >> |
| 04/04/17 | Po Valley Energy | Placement | $1.2m | >> |
