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Last €0.01 EUR
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MML On Other Exchanges
As of 2:17 AM 04/28/15 All times are local (Market data is delayed by at least 15 minutes).

macarthur minerals ltd (MML) Snapshot

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08/20/14 - €0.15
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macarthur minerals ltd (MML) Details

Macarthur Minerals Limited explores, develops, and extracts iron ore in Western Australia. Its iron ore projects include the Ularring Hematite project and the Moonshine Magnetite project that are located on exploration and mining tenements covering approximately 1,127 square kilometers. The company also explores for nickel and gold. It was formerly known as Macarthur Diamonds Limited and changed its name to Macarthur Minerals Limited in July 2005. Macarthur Minerals Limited is headquartered in Brisbane, Australia.

macarthur minerals ltd (MML) Top Compensated Officers

Chief Executive Officer and Member of The Boa...
Total Annual Compensation: A$267.5K
Executive Chairman
Total Annual Compensation: A$325.0K
Chief Financial Officer, General Counsel, Com...
Total Annual Compensation: A$255.0K
Compensation as of Fiscal Year 2014.

macarthur minerals ltd (MML) Key Developments

Macarthur Minerals Limited Announces Management Changes

Macarthur Minerals Limited announced that at Board level, Non-Executive Directors, Messrs. Toigo, Starink, Patricio and Wall have resigned from the Board, as their role in the development of the Ularring Hematite Project draws to a conclusion. In their place, two new non-executive directors have been appointed to the Board, Mr. Earl Evans and Mr. Cameron McCall. Messrs. Evans and McCall both have new project development focus and an extensive network of private and institutional investors to support the next stage in Macarthur's development. Mr. Evans is currently a Director of Shaw's Stockbroking, and head of the Private Wealth Division. Mr. McCall is currently running a corporate advisory business providing advice on asset acquisition and capital raising to international and Australian based organisations. Further, Mr. Joe Phillips the current COO, has taken over the role of CEO. Both Mr. Joe Phillips and Mr. David Taplin, the current CFO, General Counsel & Company Secretary, are appointed as Executive Directors. The former CEO, Alan Phillips, will remain as Executive Chairman. All directors will be subject to re-election at the company's Annual General Meeting.

TSX Announces Delisting Review Of Macarthur Minerals

TSX is reviewing the Common Shares of the Macarthur Minerals Limited with respect to meeting the continued listing requirements. The Company has been granted 120 days in which to regain compliance with these requirements, pursuant to the Remedial Review Process.

Macarthur Minerals Mulls Acquisitions

Macarthur Minerals Limited (TSX:MMS) intends to pursue acquisitions. Macarthur Minerals has entered into an agreement with Atec Rail Group Limited to review iron ore acquisition opportunities in the Yilgarn region of Western Australia. "Acquisition opportunities are emerging as producing iron ore assets are being re-priced on the prevailing spot iron ore price and, for Macarthur, therein lies the opportunity. As an example, within the Yilgarn region of Western Australia, it is reported that Cliffs Natural Resources' Asia Pacific operations (located 80 kilometers from Macarthur's Ularring Hematite project) may be divested. Cliffs' Asia Pacific iron ore reserves are reportedly, estimated to be exhausted by 2020,” Macarthur's President, Chairman and Chief Executive Officer, Alan Phillips commented.


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