Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

Akora Resources to welcome former BHP Iron Ore president as chair

Published 30/01/2024, 10:33 am
© Reuters.  Akora Resources to welcome former BHP Iron Ore president as chair

Akora Resources Ltd (ASX:AKO) has tapped former BHP (ASX:BHP) Iron Ore president Graeme Hunt for the position of non-executive chair, effective from February 1, 2024.

Hunt’s 34-year career with BHP covered multiple management roles, including operations management, port operations and corporate strategy.

He served as president BHP Iron Ore between 1999 and 2005, spearheading the expansion of BHP’s Pilbara operations and the development of strong commercial relationships with Asian steel mills.

“Akora’s high-quality iron ore has huge appeal to an emerging Green Steel world,” incoming non-executive chair Graeme Hunt said.

“It’s an exciting opportunity and I look forward to helping Akora reach its full potential.”

Advancing pre-feasibility studies

“Mr Hunt is an internationally accomplished company leader whose extensive iron ore experience and long track record of shareholder value creation in capital-intensive and globally competitive industries will be a major asset for AKORA as we develop our high-grade iron ore projects in Madagascar,” Akora Resources managing director and CEO Paul Bibby said.

“This is the company’s second significant appointment in as many weeks, following the announcement of Jason Whittle as general manager – Development, and reflects the significant commitment and momentum that Akora is now building as we advance a pre-feasibility study for our flagship Bekisopa Project, and continue our exploration activities there and at the emerging Satrokala Project.

“I thank our inaugural chair Mr Mike Stirzaker for his commitment and guidance over the past three years, which has left the company with a good foundation and with excellent prospects.”

3rd party Ad. Not an offer or recommendation by See disclosure here or remove ads .

Hunt’s commodity experience covers iron ore and steel, coal, manganese, aluminium, copper, uranium, gold, electricity and gas while his management expertise spans steel production, exploration, mining, logistics and port operations across Australia, South America, PNG and West and Southern Africa.

Read more on Proactive Investors AU


Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.