Join our daily newsletter At The Bell to receive exclusive market insights
- Rare earths producer Hastings Technology Metals (HAS) appoints Alwyn Vorster as interim CEO
- Over the past 12 years, Mr Vorster has held various director positions and was most recently Managing Director of BCI Minerals (BCI) for more than six years
- He has also previously served as Managing Director of Iron Ore Holdings, CEO of API Management, and a Non-Executive Director of Volt Resources (VRC)
- Mr Vorster will be paid a fixed remuneration of $547,000 per year, inclusive of superannuation, and his contract will run until June 30, 2023, with an option to extend
- Shares in Hastings end Wednesday’s session trading at $3.57
Rare earths producer Hastings Technology Metals (HAS) has appointed Alwyn Vorster as interim CEO.
Over the past 12 years, Mr Vorster has held various director positions and was most recently Managing Director of BCI Minerals (BCI) for more than six years.
He has also previously served as Managing Director of Iron Ore Holdings, CEO of API Management, and a Non-Executive Director of Volt Resources (VRC).
Additionally, Mr Vorster had stints at Rio Tinto Iron Ore, Aquila Resources and Kumba Resources.
Mr Vorster will be paid a fixed remuneration of $547,000 per year, inclusive of superannuation, and his contract will run until June 30, 2023, with an option to extend.
HAS Executive Chair Charles Lew said following the recent announcement of its “Hastings 2.0” mine-to-magnet strategy, the company had now reached a “pivotal point” in its lifecycle.
“The company is approaching the milestone of main construction commencement and, at the same time, we are positioning the company to become a global player in the downstream market for rare earths magnets,” Mr Lew said.
“It is therefore essential that we strengthen our management team and organisational structure for this next phase of our development and ensure that we are well-prepared to steer the company forward.”
Shares in Hastings ended Wednesday’s session trading at $3.57.
-1200x645-380x200.jpg)
-1200x645-380x200.jpg)