Thursday, 4 April, 2019 - 15:09
Galaxy gets new chief executive
Perth-based lithium miner Galaxy Resources has announced the appointment of Iluka Resources’ Simon Hay as chief executive, commencing on July 1.
Simon Hay is a minerals professional with extensive management and technical experience with a career spanning over 30 years in Australia and internationally. His technical experience includes the functions of smelting, refining, project commissioning and life cycle of capital works across various commodities.
Mr Hay will become the managing director of Leo Lithium in January 2022. Leo Lithium is the lithium-focused entity comprising of the Goulamina Lithium Project which will be demerged from Firefinch and Jiangxi Ganfeng Lithium.
Prior to that, Mr Hay was the chief executive of ASX-listed lithium company Galaxy Resources. He had previously joined Iluka in 2009 as manager of South West operations before moving to the marketing function, served as Iluka's country manager for China, as general manager of Zircon sales where he was based in Singapore, and as head of resource development. Prior to Iluka, Mr Hay worked at Mt Isa Mines, WMC Resources and BHP Billiton in the fields of metallurgy, projects and operations management in base metals.
Mr Hay holds a Bachelor of Science in Chemistry (with Honours) and a Master of Applied Science in Metallurgy from the University of Melbourne.
Rank | Company | 1 Yr | 5 Yr |
---|---|---|---|
801st | Carawine Resources">Carawine Resources | 0.02% | -11.44% |
802nd | Resolute Mining">Resolute Mining | 0% | -15.91% |
803rd | Leo Lithium">Leo Lithium | 0% | 0% |
804th | Strandline Resources">Strandline Resources | 0% | -2.1% |
805th | Ten Sixty Four">Ten Sixty Four | 0% | -0.24% |
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NEW ROLE: Executive Chair, Leo Lithium | 05 Dec 2024 |
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NEWS: Tagged in Leo nears JV stake sale confirmation | 26 Nov 2024 |
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NEWS: Tagged in Leo Lithium sell last share of Goulamina amid Mali concerns | 08 May 2024 |
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NEWS: Tagged in Leo grapples with West African challenges | 04 Sep 2023 |
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NEWS: Tagged in Leo selects Corica for $520m contract | 14 Jul 2023 |
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NEWS: Tagged in Leo progresses lithium project | 30 Jun 2023 |
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NEW ROLE: Chief Executive Officer, Managing Director, Leo Lithium | 29 Sep 2021 |
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REMUNERATION UPDATE: Chief Executive, Galaxy Resources | 24 Aug 2020 |
Perth-based lithium miner Galaxy Resources has announced the appointment of Iluka Resources’ Simon Hay as chief executive, commencing on July 1.
Our daily board moves wrap includes Kim Hogg, Tino Kapfumo, Michael van Uffelen, Simon Hay, Anthony Tse, Ray Voorhoeve, Mandy McGuire, and Geoffrey Clifford.
Galaxy Resources has gained effective control of struggling lithium miner Alita Resources by purchasing a $US28.8 million ($A42 million) secured loan facility.
Galaxy Resources has confirmed interest in striking a downstream processing deal with Alita Resources’ offtake partner, just a day after placing the lithium miner into receivership, while Talison is reconsidering the timing of its $516 million stage three expansion project at Greenbushes.
Galaxy Resources has disclosed a $US284 million ($A430 million) loss for the 2019 financial year, driven by lower lithium prices and non-cash write-downs and impairment at its Mt Cattlin mine near Ravensthorpe.
Perth-based lithium miner Galaxy Resources has sought up to $161 million to fund the first stage of its Sal de Vida development in Argentina.
Shares in Galaxy Resources closed up by more than 8 per cent on Wednesday when the company released an updated development plan for its Sal de Vida lithium project in Argentina.
Perth-based lithium miner Galaxy Resources has struck a merger deal with Orocobre, with the combined group to focus on projects in Argentina.
Galaxy Resources’ $4 billion merger with Queensland lithium producer Orocobre will come into effect later this month after the plan was approved by the Western Australian Supreme Court today.
Firefinch spin-off Leo Lithium has made a lacklustre debut on the ASX, closing its first day of trade around 25 per cent lower than its issue price.
Newly-listed Leo Lithium has engaged Lycopodium to deliver engineering, procurement and project managing services at its Goulamina lithium project in southern Mali.
Aspiring lithium miners face challenges and opportunities as they race to turn prospects into production.
Leo Lithium has reached first production of direct shipped ore at its Goulamina hard-lock lithium project in West Africa after its first blast earlier this month.
Leo Lithium has awarded mining services provider Corica Mali a contract valued at about $520 million to deliver services at its Mali-based Goulamina Lithium Project.
Leo Lithium shares traded 50 per cent lower today after the company emerged from a trading suspension with clarification on issues at its lithium project in Mali.
Security and sovereignty issues in Mali have pushed Leo Lithium to offload its final 40 per cent interest in the Goulamina Lithium Project to Ganfeng for $342.7 million.
Leo Lithium has announced that all conditions over the sale of its 40 per cent JV stake in Mali Lithium and the subsequent Goulamina lithium project have been met prior to completion.
Today's board moves wrap includes Ian Bailey, Aleksandra Spaseska, Tim Goyder, Anthony Cipriano, Stacey Apostolou, Jamie Armes, Curtis Abbott, Lynette Suppiah, Julian Hanna, Rick Crabb, and more.
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