Thursday, 20 May, 2010 - 00:00
Year of rebuilding fortunes post-GFC
The ranks of rich directors have swelled, as has the paper wealth of those already on the list.
Peter Wade started his career with the NSW Public Service managing the construction, building, and operation of significant infrastructure projects such as the Port Kembla coal loader and grain terminals in Newcastle and Wollongong.
Mr Wade was also a deputy director for the Darling Harbour Redevelopment construction project. Subsequently, as an executive of the Transfield Group, Mr Wade was responsible for a number of significant construction, building, and operation projects including the Melbourne City Link, the Airport Link, the Northside Storage Tunnel, and the Collinsville and Smithfield Power Plants.
Mr Wade was the managing director of Crushing Services and PIHA from 1999 until 2006. In 2006, with the formation and listing of Mineral Resources, Mr Wade was appointed managing director, became executive chair in 2008, and was non-executive chair from 2012 until his retirement in February 2022.
Rank | Company | # | |
---|---|---|---|
3rd | ![]() |
South32 | $8.43bn |
4th | ![]() |
Mineral Resources | $5.75bn |
6th | ![]() |
Perseus Mining | $1.55bn |
7th | - | Sandfire Resources | $1.42bn |
Rank | Company | 1 Yr | 5 Yr |
---|---|---|---|
1419th | Kneomedia">Kneomedia | -44.44% | -39.75% |
1420th | Rhythm Biosciences">Rhythm Biosciences | -44.71% | -5.78% |
1421st | Mineral Resources">Mineral Resources | -44.87% | 20.03% |
1422nd | Lifestyle Communities">Lifestyle Communities | -44.88% | 2.75% |
1423rd | Lumos Diagnostics Holdings">Lumos Diagnostics Holdings | -45.07% | 0% |
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NEWS: Tagged in Kevin Gallagher joins MinRes board | 31 Jan 2022 |
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REMUNERATION UPDATE: Non-Executive Chair, Mineral Resources | 02 Nov 2020 |
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REMUNERATION UPDATE: Non-Executive Chair, Mineral Resources | 24 Aug 2020 |
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REMUNERATION UPDATE: Non-Executive Chair, Mineral Resources | 30 Jun 2020 |
The ranks of rich directors have swelled, as has the paper wealth of those already on the list.
THIS year’s salary survey shows that it’s not just the chief executives at the top end of town who have mouth-watering incomes. The chairmen at the state’s largest companies also have incomes way beyond the average punter.
THE 2012 wealth creators’ list would not be complete without acknowledging the fortunes generated by the development of the Little Creatures brewery and subsequent listing of Little World Beverages.
Mineral Resources is expecting to defy the mining services downturn, telling shareholders today that it anticipates strong growth in net profit in the current financial year.
Iron Ore Holdings had mixed news for shareholders yesterday, with lower costs likely to bolster its major project but heritage issues causing delays at a second project involving Mineral Resources.
Mining services company Mineral Resources is close to implementing ambitious plans to develop new transhipment facilities in the Pilbara and in Cockburn Sound to support growth in iron ore exports.
Mid-tier iron ore miner Mineral Resources’ $70 million investment in six new trains has kicked off its stated 20-year commitment to the Yilgarn region.
Mineral Resources chairman Peter Wade has sold down a majority of his shareholding in the mining and contracting group, pocketing about $8.04 million.
SPECIAL REPORT: Some of WA’s top company directors have achieved extraordinary gains in their wealth over the past year, and while most held onto their shares, a group of 11 reaped more than $180 million from share sales.
Directors of Mineral Resources have survived a motion for a spill meeting after a second strike against their remuneration report today, as managing director Chris Ellison stood firm on mining the Jackson5/Bungalbin iron ore deposit.
Mineral Resources founder Chris Ellison has raised $36.9 million from the sale of some of his shares in the mining services group, adding to a string of big share sales by WA company directors who have cashed in on strong market rallies.
The strong performance of the Business News index of 30 local companies designed to track the state’s economy implies good years ahead for WA.
Perth companies Global Construction Services and SRG have announced an agreed merger that brings together their contracting, construction and engineering services into a combined group with an expected value of $332 million.
Our daily board moves wrap includes Chris Mews, Paul MacLeman, Kaitlin Smith, Peter Sullivan, Brian Phillips, Len Troncone, Kathrin Gerstmayr, Emma Waldon, Andrea Betti, Eryn Kestel, Peter Wade, and Peter McMorrow.
Mineral Resources boss Chris Ellison has struck a deal with his brother Andrew Ellison’s company to sell two of its non-core manganese assets while also providing project funding and mining services assistance.
Perth company Mineral Resources has announced a surprise addition to its board of directors with the recruitment of Santos boss Kevin Gallagher.
Peter Wade has stepped down as Mineral Resources’ non-executive chair after spending a decade in the role and 23 years overall with the WA iron ore play.
Our board moves wrap includes Ian Chalmers, Brett Grosvenor, Peter Wade, James McClements, and David Nicol.
Santos chief executive Kevin Gallagher has scrapped his short-lived plan to join the board of Mineral Resources, leaving him with a dented reputation.
Position | Company | Year | Company's current rank |
---|---|---|---|
Non-Executive Chair
|
2012 - 2022 | 4 | |
Non-Executive Chair
|
2011 - 2019 | 9 | |
Managing Director, Executive Chair since 2008
|
2006 - 2012 | 4 | |
Managing Director
|
1999 - 2006 | ||
Managing Director
|
1999 - 2006 |
Company | Date | Transaction type | Number of shares | Price per share | Transaction value | Nature of change |
---|---|---|---|---|---|---|
2021-12-31 | Issued | 656 | $0.00 | Other | ||
2021-10-15 | Issued | 798 | $0.00 | Other | ||
2021-06-30 | Issued | 700 | $0.00 | Other | ||
2021-03-31 | Issued | 967 | $0.00 | Other | ||
2021-01-08 | Issued | 864 | $0.00 | Other |
Announced | Bidder | Target | Transaction Type | Total Value | |
---|---|---|---|---|---|
Resource Development Group | Mineral Resources | Asset acquisition | $28.44m | >> | |
SRG Global | SRG | Acquisition | $158.35m | >> | |
BBI Group | Mineral Resources | Asset acquisition | >> | ||
Pilbara Minerals | Mineral Resources | Asset acquisition | $50.00m | >> | |
Mineral Resources | Global Advanced Metals | Asset acquisition | >> |