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Atlas Iron name Mr Sanjiv Manchanda as news chief executive

Mining News - Published on Tue, 16 Oct 2018

Image Source: The West Australian
Reuters reported that Atlas Iron has named Mr Sanjiv Manchanda as chief executive in a board overhaul, replacing Cliff Lawrenson amid an acquisition by billionaire Gina Rinehart’s Hancock Prospecting. Mr Manchanda has previously served as head of project development for Hancock Prospecting. Atlas also appointed Spiro Pappas as its chairman. The changes to the board come as Hancock Prospecting finalises the process of acquiring the junior miner, having last week secured more than 90 per cent of Atlas shares after a protracted battle for control.

However, remaining Atlas shareholders will receive 4.6¢-a-share for their scrip as per the latest sweetened bid.

Source :

Posted By : Rabi Wangkhem on Tue, 16 Oct 2018
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