Indiana Resources

Local minerals explorer IMX Resources has announced plans to delist from the Toronto Stock Exchange due to a lack of demand for its shares in the Canadian market.

Bruce McFadzean says mining executives need to rethink their remuneration structure, after joining Sheffield Resources on a package that ties most of his income to development of the Thunderbird mineral sands project.

Perth-based explorer IMX Resources has announced a restructuring of its Tanzanian assets, involving plans to spin-off its graphite portfolio into a new ASX-listed entity, while retaining its base and precious metals portfolio.

Local explorer IMX Resources is back on track to spin-off its graphite portfolio into a new ASX-listed entity, after addressing concerns raised by the corporate watchdog.

IMX Resources spin-off Graphex Mining has enjoyed a strong ASX debut, with its shares trading 80 per cent higher than its initial public offer raising price.

IMX Resources chief executive Phil Hoskins has been replaced by former Focus Minerals boss Campbell Baird, while the company plans to restructure and rebrand itself under a new name.

SPECIAL REPORT: Mining stocks are again leading the way in shareholder returns, but this time it’s not the iron ore players doing the business.

Heron Resources is the latest company to announce plans to spin-out its non-core assets into a new company, following similar recent movements by Metals X, TNG and Indiana Resources.

Bronwyn Barnes has been appointed the new chair of West Perth-based Indiana Resources, on the same day the company went to the Takeovers Panel to fight attempts by a group of shareholders to oust existing directors.

The Takeovers Panel is at the centre of two disputes, with Indiana Resources having a partial win today while a Melbourne company with Perth-based shareholders fights a board spill of its own.

A day after the Takeovers Panel put restrictions on the voting power of a group of shareholders in Indiana Resources, the same group has withdrawn plans to seek a board restructure vote at an upcoming general meeting.

Business News sat down to lunch at Julio’s with mining director Bronwyn Barnes.

Shares in Tanzania-focused Graphex Mining rebounded after the company announced it had struck a revised agreement with its Chinese partner over the Chilalo graphite project.

Perth businesswoman Bronwyn Barnes has joined minerals explorer Black Mountain Resources as its interim chief executive, following the departure of Julian Ford earlier this month.

Zenith Energy has closed its share purchase plan with applications totalling $220,000 of the total $5 million that was offered. 

A summary of last week's smaller deals that did not get included in our daily news coverage.

Our daily board moves wrap includes Beverley Nichols, Mark Turner, Marcel Bonn-Miller, Bruce Linton, David Pryce, and Aida Tabakovic.

Our weekly appointments wrap includes Nigel Blythe-Tinker, Mark Potts, Philip Mirams, Cameron Britt, Adam Stock, Donna Carrington, Prasad Arav, Sinead Taylor, Corinne Hawke, Robbie Williamson, Mark Ravi, Maree Arnason, Sheryl Carmody, Eve Currie, Tristan Farel and Simon Coxhell

A summary of last week's smaller deals that did not get included in our daily news coverage.

Bronwyn Barnes will transition as non-executive chair of Indiana Resources to executive chair, in order to focus on leading activities to protect the rights of shareholders in the current dispute with the Tanzanian government.

Our board moves wrap includes Paul Sadleir, Trent Bartlett, Dennis Wilkins, Julia Beckett, David Williams, Pablo Tarantini, and Benjamin Bell.

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Our board moves wrap includes Rajen Manicka, Kwok Kin Lai, David Ward, Alessandra Gauvin , David Joyce, Adrienne Parker, Mark Potts, Deanna Carpenter, and John Hodder.