Elias Scafidas will run the company’s push into the resource, spread across five continents, after working on copper joint ventures in Mongolia and Guinea.
St Barbara will sell its flagship Gwalia mine in exchange for $370 million of cash and a shareholding that will be between 15 per cent and 19.9 per cent.
Australia’s biggest mining conference starts on Monday with the return to Kalgoorlie of the annual Diggers & Dealers forum – bringing with it a plethora of miners and explorers vying with each other for media and investor interest.