JOHANNESBURG (miningweekly.com) – A resolution for the removal of the MD and CEO of the ASX-listed Jupiter Mines as a member of the board was passed at the company’s general meeting on Wednesday, when mining doyen Brian Gilbertson was not re-elected as chairperson.
Jupiter’s focus is on the highly successful Tshipi Borwa manganese mine in South Africa’s Northern Cape. The company holds a 49.9% interest in Tshipi é Ntle Manganese Mining, which operates the Tshipi Borwa mine. It has disposed of its Australian iron-ore assets.
The request for the resolution to remove Priyank Thapliyal as MD and director was made by shareholder AMCI Group LLC on August 17.
More than 78% of shareholders voted against Gilbertson’s re-election and more than 73% voted for the resolution removing Thapliyal as a director.
The level of Thapliyal’s remuneration was the main focus of shareholder dissatisfaction, along with it being allowed by Gilbertson. Thapliyal was removed as MD but remains Jupiter CEO.
The hybrid meeting was overwhelmingly virtual with only company secretary and CFO Melissa North at the Jupiter head office, at Level 10, 16 St Georges Terrace, Perth, Western Australia.
Gilbertson wished everyone godspeed as he bowed out and Thapliyal chose not to respond to his removal from the board.
In the run-up to the meeting, however, Thapliyal urged all shareholders to cast their votes considering the critical company-defining issues that Jupiter faces.
As reported by Mining Weekly, unlisted...
Read Full Story: https://www.miningweekly.com/article/voted-out-gilbertson-wishes-jupiter-godspeed-ceo-moved-off-board-2021-10-20
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.