Kingsgate Consolidated announced today that chief executive Geoff Day and chief financial officer Austen Perrin have both left the company, just months after joining the gold miner.
Base metals producer Kagara has completed a $25 million share placement at 31 cents per share, to complete the acquisition of its Einasleigh copper project in Queensland and fund exploration activity.
THREE trends stand out when the salary packages of newly appointed chief executives at Western Australian companies are examined.
First,the bigger the company the higher the salary.
Kagara Mining has taken the unusual step of writing to the ASX to explain why it did not obtain shareholder approval for shares and options issued to new managing director Geoff Day.
THE new managing director of copper and nickel producer Kagara is planning to reinvigorate the company’s exploration program and restore fading shareholder confidence.
Mining copany Kagara has announced a management succession, with chairman Kim Robinson moving to a non-executive role and Newcrest Mining executive Geoff Day recruited as the new managing director.
23 Dec 2010
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