IMX Resources, the TSX-listed Australian-based mining and exploration company, will relocate its corporate office to Adelaide with the appointment of experienced mining executive Gary Sutherland as MD.
Sutherland’s appointment will commence immediately and will drive IMX’s iron ore growth strategy, based on its 51%-owned Cairn Hill mine and portfolio of development and exploration projects, including the 100%-owned Mt Woods magnetite project.
As part of the restructure, new chairman Dr Derek Fisher, who recently joined the IMX board as a non-executive director, will become non-executive chairman , also effective immediately. Board changes John Nitschke, who has filled the role of acting managing director for the past five months, will remain on the IMX board as a non-executive director. David Constable has also advised his intention to resign from the IMX board with immediate effect.
In parallel with Sutherland’s appointment, IMX has decided to relocate its corporate head office from Perth to Adelaide. IMX said in a statement that these major corporate changes are “designed to reflect its status as a growing South Australian iron ore company.”
“These changes represent a pivotal moment in IMX’s history and clearly show our commitment to position the company as a focused and highly efficient iron ore miner and developer in South Australia. The company’s Australian activities have become increasingly South Australian centric and it is only appropriate that we now base our head office in Adelaide,” said Fisher.
IMX restructure puts Gary Sutherland at the helm
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