Gerry Kaczmarek has been appointed chief financial officer and company secretary of Troy Resources. Mr Kaczmarek held the same positions at Troy from 1998 to 2008.
Dan Smith and Nicholas Ong have resigned as non-executive directors of Global Gold Holdings. Campbell McLeod has been appointed non-executive director.
Diversified energy company Pan Asia Corporation announced today that it has entered in to a heads of agreement with Glory Merry for the sale of its Innovation West Mantewe subsidiary, which has a 75 per cent interest in Indonesian mining operation Transcoal Minergy.
Perth company directors Ian Middlemas and Domenic Martino have joined a flurry of pre-Christmas M&A deals that are valued at nearly $300 million, and designed to revive moribund resources companies.
Shares in Subiaco-based coal miner Pan Asia Corporation skyrocketed on news it had sold its flagship TCM project to a Singapore firm for about $28.8 million.
Pan Asia Corporation has released a study confirming the viability of its Transcoal Underground Coal Mine (TCM) in Indonesia, with the project set to cost around $US180 million to develop.
Pan Asia Corporation has announced a formal agreement with underground mining group KOPEX to undertake a final feasibility study on its TCM coal project in Indonesia.
High profile accountant Domenic Martino will be joining Pan Asia Corporation as chairman once the company completes its acquisition of Innovation West.
