Ms Jyn Sim Baker, the woman who guided aspiring iron ore producer Midwest Corporation Limited to its first shipment later this month, has resigned as an executive director of the company.Ms Baker, who had been with the company for about 18 months, also played a key role in the finalisation of a crucial joint venture with Sinosteel Corporation, China's fourth largest state owned enterprise, over the Weld Range hematite and Koolanooka magnetite iron ore projects in the mid west region.While no formal explanation for the sudden decision was forthcoming from the company, WA Business News understands the reasons include Ms Baker's desire to seek another career path and the formalisation of the relationship between Midwest and Sinosteel.Midwest chairman Jesse Taylor confirmed the company's board was currently reviewing its management requirements and a decision on the appointment of a chief executive was expected to be made shortly. The company also announced the establishment of a joint venture board comprising representatives of Sinosteel and Midwest, that would be responsible for the conduct of the joint venture, infrastructure requirements, exploration and government liaison. Mr Taylor said the new board would be 50/50 in line with the joint venture.Mr Harry Thompson has been appointed Midwest's chief financial officer. He was previously manager of finance and administration, and will assume the day to day responsibility for the company's activities until a chief executive officer is appointed.
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