Singaporean consortium secures $850m for South32’s Australian coking coal
South32 said in February it had agreed to sell the business in New South Wales state for $1.65 billion.
Australian lithium explorer Galaxy Resources Ltd appointed Simon Hay on Thursday as its chief executive officer, to replace Anthony Tse effective July 1.
Simon, who will be based in Perth for the new role, is currently head of resource development at mineral sands company Iluka Resources Ltd, and has held senior positions at major Australian mining companies including BHP Group Ltd and WMC Resources.
Tse will transition from his role as CEO and managing director to become an executive director focusing on corporate development and marketing, Galaxy Chairman Martin Rowley said in a statement.
(By Nikhil Subba)
