Minara Resources

Minara Resources Pty Ltd is one of the major mining companies of Australia, specializing in the mining of cobalt and nickel. It is one of the top ten nickel mines in Australia.[1] It is wholly owned by the Swiss commodities trading firm, Glencore plc as of November 2011. Based in Perth, Minara Resources was founded in 1994 as the successor to Anaconda Nickel Ltd. which was founded by Fortescue Metals Group chief Andrew Forrest. In 2006, it had a capitalization of approximately $1.3 bn. At the time of takeover, it was valued at a total of $1.02 billion (Australian).[2] Minara applied on October 14, 2011 to have its stock (MRE) suspended from trading on the Australian Stock Exchange.[3]

Minara Resources Pty Ltd
TypeProprietary company
IndustryRaw materials / Merchant
Founded1994
Headquarters Perth, Western Australia
Websitewww.minara.com.au

Key personnel

Prior to its full takeover by Glencore, its board of directors as of February 2010 were:

  • Peter Coates – chairman
  • Peter Johnston – CEO and managing director
  • John Morrison – non-executive director
  • Ivan Glasenberg – non-executive director
  • Willy Strothotte – non-executive director
  • Malcolm Macpherson – non-executive director
  • Marc Ocskay – alternate non-executive director

References
  1. Minara tells investors to accept Glencore bid. Reuters, September 19, 2011.
  2. Minara Resources backs takeover offer from Glencore, The Australian, From: Dow Jones, September 19, 2011
  3. Glencore mops up Minara Resources takeover, PerthNow, October 14, 2011.


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