https://www.engineeringnews.co.za

Kingsgate facing board spill

16th November 2017

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Embattled gold miner Kingsgate Consolidated is facing a board spill after shareholder Metal Tiger requested a general meeting to remove a number of the company’s directors.

Metal Tiger is hoping for shareholder support to remove Ross Smyth-Kirk, Sharon Skeggs and Peter Warren as directors of Kingsgate and their replacement by Richard Warburton, David McNeilly, Terence Grammer, Mark Potter and Neville Bergin.

Kingsgate told shareholders on Thursday that the company’s current directors had extensive experience in Thailand and Chile, and had continuously pursued the interest of the company, while Metal Tiger’s own nominees had not articulated any alternative plans for the company.

The company’s directors would unanimously recommend that shareholders vote against the board spill proposed by Metal Tiger.

Kingsgate recently launched arbitration proceedings against the Kingdom of Thailand under the Australia-Thailand Free Trade Agreement, after failing to reach a settlement for the unlawful expropriation of the Chatree gold mine.

The Thai government has set up a committee, headed by Pasu Loharnjun, to handle the case while Kingsgate has appointed international law firm Clifford Chance to represent it in the arbitration.

Edited by Creamer Media Reporter

Comments

Latest News

Magazine video image
Magazine round up | 29 March 2024
Updated 3 hours ago

Showroom

Yale Lifting Solutions
Yale Lifting Solutions

Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...

VISIT SHOWROOM 
Magni SA
Magni SA

Magni SA is committed to developing the safest Telehandlers available to our customers for underground and surface mining, construction, forestry,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.092 0.155s - 156pq - 2rq
Subscribe Now