WA shipbuilder Austal has advised that deputy chairman John Poynton has resigned from the board, to focus on his other business and not-for-profit work.
Long-running attempts to revive Swan Gold Mining have hit a brick wall, with the company unable to complete a planned $15 million capital raising despite boasting a high-powered board of directors.
Redbank Copper shares had a lukewarm return to trading today, closing at 0.4 cents after a major restructuring and recapitalisation led by investor Michael Fotios.
Long-running efforts by Michael Fotios' investment company Investmet to revive Swan Gold Mining and related companies Stirling Resources and Redbank Copper have hit a major hurdle.
MINING veteran Michael Kiernan has emerged from two years away from the limelight with a new manganese business in Indonesia, and plans for a listing on the Australian Securities Exchange next year
Perth-based investor group Investmet Limited has agreed to underwrite a complex recapitalisation of Swan Gold Mining, adding to a string of mining deals it has undertaken this year.