Monday, 13 October, 2008 - 09:10
Burston, Hegarty join FMG board
Fortescue Metals Group Ltd has appointed former Cape Lambert Iron Ore Ltd chairman Ian Burston and former Oxiana chief executive Owen Hegarty to its board.
Owen Hegarty OAM has over 40 years of experience in the global mining industry, and is a co-founder of EMR Capital. His career spans executive roles and directorships across multiple mineral commodities and assets in Australia, Asia, Africa, Europe and the Americas.
Mr Hegarty was the founder and chief executive of Oxiana (now Oz Minerals) which grew from a small exploration company to a multi-billion dollar base and precious metals explorer, developer and producer.
He is the executive vice chair of Hong Kong-listed gold mining company G Resources Group and CST Mining Group. He is also a director of the AusIMM, a member of the South Australian Minerals and Petroleum Expert Group, and a director of WA-based Mining Hall of Fame Foundation.
Mr Hegarty was awarded the AusIMM Institute Medal in 2006 and the GJ Stokes Memorial Award in 2008 for his achievements in the mining industry.
In 2021, Mr Hegarty was awarded a Medal of the Order of Australia for services to the minerals and mining sector.
Rank | Company | 1 Yr | 5 Yr |
---|---|---|---|
1367th | IPB Petroleum">IPB Petroleum | -40.07% | -26.45% |
1368th | Silver Mines">Silver Mines | -40.21% | 4.78% |
1369th | Tigers Realm Coal">Tigers Realm Coal | -40.21% | -21.5% |
1370th | Engenco">Engenco | -40.24% | -17.78% |
1371st | Carnaby Resources">Carnaby Resources | -40.29% | 40.78% |
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NEW ROLE: Non-Executive Director, was Chair 2010-2015, Tigers Realm Coal | 03 Nov 2020 |
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REMUNERATION UPDATE: Non-Executive Director, Highfield Resources | 03 Nov 2020 |
Fortescue Metals Group Ltd has appointed former Cape Lambert Iron Ore Ltd chairman Ian Burston and former Oxiana chief executive Owen Hegarty to its board.
Junior explorers Highfield Resources and Venturex Resources have braved an uncertain market, announcing plans to raise up to $16.4 million collectively.Highfield announced today it would make a $10 million placement to Owen Hegarty’s EMR Capital, in two tranches.
Andrew Forrest has reiterated his support for Fortescue Metals Group diversifying its operations into other commodities, but said there were no immediate plans to pursue nickel, or oil and gas over its core iron ore business.
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Fortescue Metals Group chair Andrew Forrest has taken a shot at his iron ore mining competitors for mining “the easy stuff” and not working to bring subeconomic ores up to a mineable level, speaking at the company’s annual general meeting today.
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