Coal, News

Yancoal Australia chairman vacates the throne

board, executive

Keep up with the latest executive movements across the mining sector, featuring BHP and Yancoal Australia.

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General manager of BHP’s NSW coal operations, Adam Lancey, has been promoted to run the company’s Queensland coal division. Lancey has taken over from predecessor Mauro Neves, who is understood to be spending time in Europe.

Non-executive director Terry Bowen also resigned from the company. Bowen has worked with BHP since late 2017. As non-executive director, he was chair of the risk and audit committee and a member of the nomination and governance committee.

“Terry’s deep financial, risk management, capital allocation and supply chain management experience has been highly valued by the BHP board and he has been committed to BHP’s ongoing success,” BHP chair Ken MacKenzie said.

Finally, joint secretary Prakash Kakkad has resigned from his position with the company.

BHP has put two of its Queensland coal mines up for auction, with Whitehaven Coal this week confirming its intention to participate in the sale.

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Yancoal Australia’s chair of the board Baocai Zhang has reigned from his position with the company.

Zhang worked for the company for almost two decades, including 11 years on the board. He took up his position as chairman in 2018.

He will be replaced by non-executive director Gang Ru, who assumed the role last week.

Ru has nearly 30 years of experience in financial and capital management, corporate organisational management and investment. Though his roles with coal mining company Shandong Energy, Ru has worked closely with Yancoal since 2015.

Yancoal is another major player in the running for BHP’s Blackwater and Daunia coking coal mines.

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