Last C$0.04 CAD
Change Today +0.005 / 16.67%
Volume 903.8K
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As of 3:56 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

mawson west ltd (MWE) Snapshot

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52 Week High
03/7/14 - C$0.62
52 Week Low
12/9/14 - C$0.02
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mawson west ltd (MWE) Details

Mawson West Limited is engaged in the exploration, development, and production of copper and silver in the Democratic Republic of Congo. It primarily holds interests in the Dikulushi copper-silver mine; and the Kapulo copper exploration and development project, as well as multiple exploration targets covering a land package of approximately 7,300 square kilometers located in the Katanga province of the Democratic Republic of Congo. The company was incorporated in 1996 and is headquartered in West Perth, Australia.

1,024 Employees
Last Reported Date: 03/31/14
Founded in 1996

mawson west ltd (MWE) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: $266.7K
Vice President of Legal & Corporate Affairs, ...
Total Annual Compensation: $301.2K
Chief Development Officer
Total Annual Compensation: $312.5K
Compensation as of Fiscal Year 2013.

mawson west ltd (MWE) Key Developments

Mawson West Ltd. Announces Management Changes

Mawson West Ltd. announced that the Board of Directors has implemented a restructuring of the Company's executive team and reduction of employees within the Perth corporate office following a recent review of its Democratic Republic of Congo (DRC) operations, Australian corporate functions and associated costs. As part of the executive team restructuring, Bruce McFadzean, Chief Executive Officer and Managing Director, Gary Brabham, Group Executive Exploration, and Glenn Zamudio, Group Executive Commercial, will depart the Company effective January 31, 2015. Mark Hohnen, Non-executive Director of Mawson West, has also tendered his resignation from the Board effective January 29, 2015 and will ultimately be replaced by a nominee of Galena Private Equity Resources Fund LP. The Perth corporate office will comprise of staff deemed essential to the efficient operation of the business, and appropriate transitional arrangements have been put in place by the Company to ensure operational and business continuity. In addition to his role as Mawson West's Non-executive Chairman, Mr. Anthony Lloyd will assume the role of acting Chief Executive Officer until a suitable replacement is appointed. The responsibilities of departing executive members will be shared amongst remaining essential staff and additional technical support will be provided by external consultants as required. The executive team restructure is consistent with the Company's wider corporate review as announced on January 30, 2015 aimed at reducing the Company's overall sustainable operating costs in light of lower prevailing copper prices and the on-going ramp up of its Kapulo copper mine.

Mawson West Ltd. Appoints Jesus Fernandez as Non-Executive Director

Mawson West Ltd. announced the appointment of Jesus Fernandez as a Non-executive Director of the company. Mr. Fernandez is Principal at Galena Asset Management S. A and is the head of the M&A team for the Trafigura Group. Mr. Fernandez joined the Trafigura Group in June 2004 and has 15 years of experience in mining investments and financing. Mr. Fernandez's appointment is subject to approval by the Toronto Stock Exchange.

Mawson West Limited Under TSX Delisting Review

TSX is reviewing the ordinary shares of Mawson West 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.


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