Former Woodside CFOs and Justin Langer to comprise Mineral Resources' ethics and governance committee
The miner on Monday added seasoned bean counters Lawrie Tremaine and Ross Carroll to its board as independent non-executive directors. The duo will also be part of the three-person ethics and governance committee.
The committee was set up in November to help restore MinRes' reputation after a series of scandals surrounding founder and chief executive Chris Ellison.
The appointments of Mr Tremaine and Mr Carroll follow the abrupt resignations more than two months ago of the three female directors that comprised the committee.
Denise McComish, Jacqueline McGill and Susie Corlett all quit MinRes within the space of a fortnight in April. Two senior in-house lawyers tasked with assisting the committee have also departed.
MinRes on Monday said Mr Tremaine and Mr Carroll together brought 'a wealth of executive management, financial, strategic and capital markets expertise gained from senior leadership roles with ASX-listed companies across the resources, energy and mining services sectors'.
Mr Tremaine was most recently the chief financial officer at Origin Energy for seven years until 2024 and prior to that was Woodside Energy's CFO. His career also includes 17 years at Alcoa and he currently serves as chair of MoneyCatcha, a private fintech firm.
Mr Carroll, who is now chair of MinRes' ethics and governance committee, was CFO at a Hong Kong Stock Exchange-listed global base metals company MMG from 2015 to 2024.
He was the chief of local mining services provider Macmahon between 2012 and 2015 and like Mr Tremaine, he has been CFO of Woodside.
Former Australian test cricketer and coach Justin Langer now rounds out the ethics and governance committee. Mr Langer has been a MinRes board member since the beginning of 2023.
More to come . . .
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
West Australian
an hour ago
- West Australian
BMG unlocks Wiluna Mining processing option for Wiluna gold
In a transformational move, BMG Resources has executed a memorandum of understanding (MoU) clearing a path to toll treatment of its Abercromby gold ore at Wiluna Mining Corporation's Matilda plant. Wiluna Mining's fully operational conventional carbon-in-leach (CIL) gold ore processing facility is 20 kilometres northeast of BMG's project and is well-suited to process the company's Abercromby ore. The well-credentialled operation processes Wiluna Mining's ore and accepts third-party feed. The MoU lays out a structure for the two companies to enter an ore toll treatment arrangement to mill and process the Abercromby ore. It offers an ideal processing solution to support BMG's mine development scoping study for Abercromby to deliver a practicable financial model. BMG has worked up a handsome resource at Abercromby comprising 11.12 million tonnes averaging 1.45 grams per tonne (g/t) gold for 518,000 ounces of the precious metal. The resource comprises open pit and underground inferred resources totalling 353,000 ounces of gold, while indicated open pit and underground resources make up a further 165,000 ounces of gold. Metallurgical testwork has shown Abercromby's near-surface, free-milling ore to be amenable to conventional CIL processing. BMG says the global resource features high-grade gold zones, including 935,000 tonnes at 5.06g/t gold for 150,000 ounces, which could be selectively mined in an earlier stage of mine development. BMG envisages delivering ore to the Matilda run-of-mine pad. Wiluna Mining will crush and process the ore, then deliver the gold to a yet-to-be-agreed refinery. BMG anticipates retaining title to the ore during the process. The processing fee will likely be based on a fixed rate per tonne of ore processed, subject to adjustments. Abercromby offers BMG advantages beyond its favourable compatible metallurgy. The project is on a granted mining lease, which eases the mine permitting process, and it is close to infrastructure, including grid power and trafficable roads and at 20km from the Matilda plant, it is within close ore-hauling distance. The soaring gold price also supports BMG's plans to advance its commercial strategy for accelerating Abercromby to near-term development and early exploitation. The new MoU and imminent finalisation of a toll-treating arrangement represent a giant step towards the company's transition from developer to producer. BMG is now pressing ahead with a scoping study to evaluate Abercromby's best low-capex, high-margin options for a potential earliest possible mining venture. Is your ASX-listed company doing something interesting? Contact:
West Australian
an hour ago
- West Australian
ASX falls as investors await key Trump, RBA decisions
Cautious investors dragged the Australian sharemarket and dollar lower as they await the fallout from US President Donald Trump's tariff policy and whether or not the Reserve Bank will go through with its widely expected rate cut. The benchmark ASX 200 index slid 13.70 points or 0.16 per cent to finish Monday's trading at 8,589.30. The broader All Ordinaries also finished in the red down 15.50 points or 0.18 per cent to 8,826.40. The Australian dollar slumped 0.58 per cent and is now buying 65.10 US cents. It was a mixed day for markets with six of the 11 sectors finishing in the red, as the local bourse seesawed throughout the day's trading. Utilities were the standout, led by Origin Energy which jumped 6.75 per cent to $11.55 while APA Group was up 0.36 per cent to $8.39 and Meridian Energy finished in the green up 2.22 per cent to $5.53. It was also a strong day for the healthcare sector with CSL jumping 2.15 per cent to $247.98 while Sigma Healthcare rose 0.33 per cent to $3.02 and Pro Medicus closed 0.68 per cent higher to $309.98. CBA shares slipped 0.11 per cent to $177.81, NAB dropped 0.28 per cent to $39.04, Westpac slumped 0.45 per cent to $33.48 while ANZ finished in the red down 0.63 per cent to $30.13. Traders were cautious after US treasury secretary Scott Bessent informed the market the White House sent letters to its trading partners. But there were some mixed messages. Some White House staff said 12 letters were sent while others said 15, with nobody confirming who will receive a letter and what the new tariff rates will be. However, the White House said the revised levies would come into effect from August 1. IG market analyst Tony Sycamore said traders were taking profits waiting for the fallout from a busy macroeconomic week. 'Starting with the RBA, it would be a shock if they went against what the market is pricing in at this time and there would probably be an uproar if they didn't cut rates,' he told NewsWire. Mr Sycamore said tariff rates would likely rise from an average of 14 to around 19 per cent on the back of these letters sent to 12 to 15 countries. 'Mr Trump did mention 70 per cent for some countries, but we don't know until that letter arrives and we see the headlines so again it makes sense to see a little bit of profit taking,' he said. In company news, Origin Energy jumped 6.75 per cent to $11.55 after reports the company was mulling over a demerger. Origin Energy, which owns a minority stake in UK business Octopus Energy, is reportedly seeking a demerger of its technology arm. On the other side, Northern Star Resources slumped 8.7 per cent after reporting gold sales for the 2025 financial year came in at the lower end of its revised guidance. It also set a weaker than forecasted guidance for 2026.
Perth Now
an hour ago
- Perth Now
ASX slips as cautious investors take profits
Cautious investors dragged the Australian sharemarket and dollar lower as they await the fallout from US President Donald Trump's tariff policy and whether or not the Reserve Bank will go through with its widely expected rate cut. The benchmark ASX 200 index slid 13.70 points or 0.16 per cent to finish Monday's trading at 8,589.30. The broader All Ordinaries also finished in the red down 15.50 points or 0.18 per cent to 8,826.40. The Australian dollar slumped 0.58 per cent and is now buying 65.10 US cents. It was a mixed day for markets with six of the 11 sectors finishing in the red, as the local bourse seesawed throughout the day's trading. The Australian sharemarket slipped as investors await key economic news. Picture NewsWire/ Gaye Gerard. Credit: News Corp Australia Utilities were the standout, led by Origin Energy which jumped 6.75 per cent to $11.55 while APA Group was up 0.36 per cent to $8.39 and Meridian Energy finished in the green up 2.22 per cent to $5.53. It was also a strong day for the healthcare sector with CSL jumping 2.15 per cent to $247.98 while Sigma Healthcare rose 0.33 per cent to $3.02 and Pro Medicus closed 0.68 per cent higher to $309.98. CBA shares slipped 0.11 per cent to $177.81, NAB dropped 0.28 per cent to $39.04, Westpac slumped 0.45 per cent to $33.48 while ANZ finished in the red down 0.63 per cent to $30.13. Traders were cautious after US treasury secretary Scott Bessent informed the market the White House sent letters to its trading partners. But there were some mixed messages. Some White House staff said 12 letters were sent while others said 15, with nobody confirming who will receive a letter and what the new tariff rates will be. Utilities was the standout sector. NewsWire / Jeremy Piper Credit: News Corp Australia However, the White House said the revised levies would come into effect from August 1. IG market analyst Tony Sycamore said traders were taking profits waiting for the fallout from a busy macroeconomic week. 'Starting with the RBA, it would be a shock if they went against what the market is pricing in at this time and there would probably be an uproar if they didn't cut rates,' he told NewsWire. Mr Sycamore said tariff rates would likely rise from an average of 14 to around 19 per cent on the back of these letters sent to 12 to 15 countries. 'Mr Trump did mention 70 per cent for some countries, but we don't know until that letter arrives and we see the headlines so again it makes sense to see a little bit of profit taking,' he said. In company news, Origin Energy jumped 6.75 per cent to $11.55 after reports the company was mulling over a demerger. Origin Energy, which owns a minority stake in UK business Octopus Energy, is reportedly seeking a demerger of its technology arm. On the other side, Northern Star Resources slumped 8.7 per cent after reporting gold sales for the 2025 financial year came in at the lower end of its revised guidance. It also set a weaker than forecasted guidance for 2026.
