(Adds SolGold comment, company details)
LONDON/TORONTO, Jan 15 (Reuters) - Copper and gold miner SolGold Plc has launched a process to replace Chief Executive Nick Mather after nearly half of shareholders, including BHP and Newcrest, opposed his reappointment to the board, said an industry source familiar with the matter.
London-listed SolGold is seeking to mend fences with BHP and Newcrest following a dispute over funding for the miner’s mammoth Ecuador copper-gold project.
Nearly half, or 44.7%, of shares eligible to be cast at last month’s annual meeting were voted against reappointing Mather to the board.
The source said the company has started working on a succession plan to repair relations with shareholders. One SolGold shareholder said it was expected the company would announce a succession plan before summer.
LONDON/TORONTO Copper and gold miner SolGold Plc has launched a process to replace Chief Executive Nick Mather after nearly half of shareholders, including…
Copper and gold miner SolGold Plc has launched a process to replace Chief Executive Nick Mather after nearly half of shareholders, including BHP and Newcrest, opposed his reappointment to the board, said an industry source familiar with the matter.