Board Changes
May 18 2010 - 7:40AM
UK Regulatory
TIDMGPN
RNS Number : 1202M
Gladstone Pacific Nickel Limited
18 May 2010
18 May 2010
GLADSTONE PACIFIC NICKEL LIMITED
(ACN 104 261 887)
BOARD CHANGES
Following the meeting of the board of directors held earlier today, Gladstone
Pacific Nickel Limited ("GPN" or the "Company") announces the appointment of Mr
Neil Meadows to the board of directors. Mr Meadows will be the acting Managing
Director until such time as he is offered and accepts a permanent position or an
appropriate replacement is found.
Mr Meadows is Chief Operating Officer of and a director of Queensland Nickel Pty
Ltd ("QNPL"). QNPL operates the Yabulu Refinery nickel operation in Townsville,
Queensland, Australia. He first worked at the Yabulu Refinery operation between
2000 and 2003 in various plant management roles before spending in excess of
five years as General Manager and later Projects Director for Minara Resources
Ltd's Murrin Murrin nickel operation. Mr Meadows returned to the Yabulu Refinery
in September 2008 in the role of General Manager for BHP Billiton. Since the
sale of the Yabulu Refinery to Mr Clive Palmer he has accepted the role of Chief
Operating Officer.
Mr Clive Palmer and his related entities hold a total of 50.04% of the ordinary
shares in issue of the Company.
The Company also announces the resignation of Mr Vimal Sharma as Non-Executive
Director with immediate effect.
GPN announces the appointment of Mr Domenic Martino as Chairman of the board of
directors and also announces changes in board remuneration, being $45,000 per
annum for the Chairman and $20,000 for Non-Executive Directors.
Following these changes, the board of the Company is constituted as follows:
1. Domenic Martino - Chairman
2. Clive Mensink - Non-Executive Director
3. Neil Meadows - Managing Director
4. William Haseler - Non-Executive Director
A further announcement in relation to the appointment of Mr Meadows including
the information required under Schedule 2(g) of the AIM Rules for Companies will
be made as soon as possible.
ENDS
For more information or comment:
Julien McInally - Gladstone Pacific Nickel Ltd
Tel:+61(0)7 3231 7100
Gerry Beaney / Robert Beenstock - Grant Thornton Corporate Finance
Tel:+44 20 7383 5100
Andrew Fairclough - Arbuthnot Securities
Tel: +44 20 7012 2000
Email: info@gladstonepacific.com.au
Gladstone Pacific Nickel Limited is
an Australian mining development company presently undertaking an Integrated
Definitive Feasibility Study for the Gladstone Nickel Project. The Company's
vision is to build a major long-life nickel cobalt refinery at the deepwater
Port of Gladstone, in Central Queensland, Australia, treating abundant high
grade nickel laterite ores from New Caledonia and other south-west Pacific
islands, underpinned by beneficiated ores from its own Marlborough deposits. The
Project has the potential to be one of the largest of its type in the world
producing some 126,000 tpa nickel (8 - 10% of global nickel demand) and 10,400
tpa of cobalt metal from its first two stages.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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