Firestone board shake-up as Perkins and other directors resign
JOHANNESBURG (miningweekly.com) – Coal developer Firestone Energy on Friday announced several board changes, including the resignation of deputy chairperson David Perkins.
Perkins was appointed to the board in January 2011.
Consequently, ASX-listed Waterberg Coal Company, which is pursuing a hostile takeover of Firestone, withdrew its s249D requisition to convene a shareholders' meeting seeking the removal of Perkins as a director.
Other board members who resigned are Eumeralla Resources and Black Star Petroleum director Jack James and Frankland River Olive Company acting MD and Black Star Petroleum director Oren Zohar, who were appointed in January following an investment in Firestone by Waterberg Coal Company subsidiary, Ariona.
In their place Firestone had appointed Brian McMaster and Stephen Miller, as well as Firestone CEO David Knox.
Miller has 25 years’ experience investing and executing corporate finance, and mergers and acquisitionsin the resources sector, while McMaster is a chartered accountant and has about 20 years’ experience in corporate reconstruction and turnaround/performance improvement.
"We are delighted to have Brian and Stephen join the board with their wealth of experience and to have David Knox, our CEO, now join the board as a director. We look forward to working with them in the future," Firestone chairperson Tim Tebeila said in a statement.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation















