Coronado coup has Sir Mick Davis set for seat on board
Brisbane-based Coronado is likely to have former Xstrata boss Sir Mick Davis on its board after a nomination from its biggest shareholder Energy and Minerals Group.
The Prime Minister has called for clarity on reports of a Chinese ban on Australian coal exports.
Coronado owns the Curragh coal mine in central Queensland.
The nomination will go before its AGM in June.
Sir Mick is the chairman of MacSteel and was previously was an executive director and chief financial officer of Billiton plc and chairman of Billiton Coal before its merged with BHP.
He stepped down as chief executive officer of Xstrata plc in 2013.
Coronado’s chairman Bill Koeck said the company was pleased that EMG has nominated Sir Mick for election to the Coronado board.
“At a time of great economic and market uncertainty, Mick’s acumen and experience in the mining, steel and shipping industries will prove to be an invaluable resource for Coronado’s board and management,” Koeck said.
“We look forward to working with Mick to deliver growth and create further value for Coronado’s security holders.”
