Minara Resources
 | |
| Company type | Subsidiary |
|---|---|
| Industry | Mining |
| Founded | 1994 |
| Headquarters | Perth, Western Australia |
| Website | minara |
Minara Resources Pty Ltd is a mining company in Western Australia, specializing in the mining of cobalt and nickel. It is wholly owned by the Swiss commodities trading firm, Glencore as of November 2011. Minara operates the Murrin Murrin Mine located in the north-east Goldfields region of Western Australia which is one of the top ten nickel mines in Australia.[1]
Based in Perth, Minara Resources was founded in 1994 as the successor to Anaconda Nickel Ltd. which was founded by Fortescue Metals Group chief Andrew Forrest. In 2006, it had a market capitalization of approximately $1.3 billion. At the time of takeover, it was valued at a total of A$1.02 billion.[2] Minara applied on October 14, 2011, to have its stock suspended from trading on the Australian Stock Exchange.[3]
Key personnel
[edit]Prior to its full takeover by Glencore, its board of directors as of February 2010 were:
- Peter Coates – chairman
- Peter Johnston – CEO and managing director
- John Morrison – non-executive director
- Ivan Glasenberg – non-executive director
- Willy Strothotte – non-executive director
- Malcolm Macpherson – non-executive director
- Marc Ocskay – alternate non-executive director
References
[edit]- ^ Ferreira-Marques, Clara (19 September 2011). "Minara tells investors to accept Glencore bid". Reuters. Retrieved 27 February 2023.
- ^ Fickling, David (19 September 2011). "Minara Resources backs takeover offer from Glencore". The Australian. Archived from the original on 19 September 2011. Retrieved 28 February 2023.
- ^ "Glencore mops up Minara Resources takeover". PerthNow. 14 October 2011. Archived from the original on 27 June 2013. Retrieved 28 February 2023.