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Xi Xi is on the board of Mineral Resources, after having left the board of Galaxy Resources.

MinRes, Galaxy trade blows over director

Perth companies Mineral Resources and Galaxy Resources have waded into an extraordinary dispute over their respective corporate governance standards, triggered by the role played by Chinese businesswoman Xi Xi.

MinRes said today an announcement by Galaxy was “not factually correct” as it sought to clarify the circumstances surrounding Ms Xi’s appointment to its board on September 11.

One day after MinRes announced her appointment, Galaxy said it had asked Ms Xi to resign from its board because of the “obvious and direct conflict of interest” and potential breach of fiduciary duties.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 29/09/17

1 year TSR5 year TSR
90thProgrammed Maintenance Services91%13%
137thRCR Tomlinson55%24%
140thMineral Resources53%22%
309thAustal8%4%
396thSeven West Media-4%-3%
719 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

20/09/17
$118k Bought
28/08/17
$0 Bought
16/08/17
$0 Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

3rd↑Programmed Maintenance Services$2,694.5m
4th-Seven West Media$1,679.0m
5th↑Mineral Resources$1,470.4m
6th↓Austal$1,325.3m
7th↑RCR Tomlinson$1,294.6m
232 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Mineral Resources

12thChris Ellison$2.918m
27thBruce Goulds$1.543m
37thBob Gavranich$1.323m
Ranked by total remuneration from all listed WA companies

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