[miningmx.com] – SHAREHOLDERS in coal junior, Wescoal, have requested that two independent non-executive directors be nominated to represent their interests on the firm’s board, said BDLive.
“Shareholders representing about 40% of Wescoal have nominated two independent nonexecutive directors to represent their interests,” Brendon Hubbard, from asset management group ClucasGray, which holds about 3.5% of Wescoal told BDLive.
There have been ‘ructions’ in respect of efforts to increase the firm’s black economic empowerment credentials and around an offer from an international company for Wescoal which did not materialise.
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