Lift in share value for Ellison, Buckler

The directors of Mineral Resources and Altura Mining have enjoyed solid growth in the value of their shares over the past month, according to data on Director Shareholdings tracked by Business News.

Mineral Resources managing director Chris Ellison has seen his stake in the company boosted $6.6 million in the past four weeks.

The value of Mr Ellison’s company, which is part of the BN30 index, has increased 1.7 per cent in the past month, pushing his stake to $369 million.

The board of Altura Mining, which is exploring a potential takeover from its largest shareholder, has benefited from the recent spike in the company’s share price in response to the speculation.

Non-executive director Allan Buckler’s stake has risen $10.7 million to $82.8 million, while executive director Paul Mantell is up $3.6 million at $28.2 million.

Meanwhile, Fortescue Metals Group founder and chairman Andrew Forrest’s share in the miner fell $394 million after the company’s share price dropped nearly 10 per cent in the past four weeks.

Mr Forrest owns $4.5 billion worth of Fortescue’s shares.

Pacific Energy executive director Kenneth Hall’s interest in the power company fell nearly $1 million to sit at $97 million.

Pacific recently strengthened its position in the remote power market when it acquired Kewdale-based Contract Power Group for $90 million in cash and shares.

Saracen Mineral Holdings managing director Raleigh Finlayson received $9.2 million worth of performance shares last month to take his stake to $17.9 million in the gold miner.

Business News subscribers can access the list here:  https://www.businessnews.com.au/directors-shareholdings

https://www.businessnews.com.au/List/bn30