Minara Resources Pty Ltd is one of the major mining companies of Australia, specializing in the mining of

cobalt Cobalt is a chemical element with the symbol Co and atomic number 27. As with nickel, cobalt is found in the Earth's crust only in a chemically combined form, save for small deposits found in alloys of natural meteoric iron. The free element, pr ...

and

nickel Nickel is a chemical element with symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel is a hard and ductile transition metal. Pure nickel is chemically reactive but large pieces are slow ...

. It is one of the top ten nickel mines in Australia. It is wholly owned by the

Swiss Swiss may refer to: * the adjectival form of Switzerland * Swiss people Places * Swiss, Missouri * Swiss, North Carolina *Swiss, West Virginia * Swiss, Wisconsin Other uses *Swiss-system tournament, in various games and sports *Swiss Internation ...

commodities trading A commodity market is a market that trades in the primary economic sector rather than manufactured products, such as cocoa, fruit and sugar. Hard commodities are mined, such as gold and oil. Futures contracts are the oldest way of investing ...

firm,

Glencore plc Glencore plc is a Swiss multinational commodity trading and mining company with headquarters in Baar, Switzerland. Glencore's oil and gas head office is in London and its registered office is in Saint Helier, Jersey. The current company was c ...

as of November 2011. Based in Perth, Minara Resources was founded in 1994 as the successor to Anaconda Nickel Ltd. which was founded by

Fortescue Metals Group Fortescue Metals Group Limited (often referred to as Fortescue Metals Group, FMG, or simply Fortescue) is an Australian iron ore company. As of 2017, Fortescue is the fourth-largest iron ore producer in the world. The company has holdings of m ...

chief

Andrew Forrest John Andrew Henry Forrest (born 18 November 1961), nicknamed Twiggy, is an Australian businessman. He is best known as the former CEO (and current non-executive chairman) of Fortescue Metals Group (FMG), and has other interests in the mining i ...

. In 2006, it had a capitalization of approximately $1.3 bn. At the time of takeover, it was valued at a total of $1.02 billion (Australian). Minara applied on October 14, 2011, to have its stock (MRE) suspended from trading on the

Australian Stock Exchange Australian Securities Exchange Ltd or ASX, is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia as ...

.Glencore mops up Minara Resources takeover, ''PerthNow'', October 14, 2011.
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Key personnel

Prior to its full takeover by Glencore, its board of directors as of February 2010 were: * Peter Coates – chairman * Peter Johnston – CEO and managing director * John Morrison – non-executive director * Ivan Glasenberg – non-executive director *

Willy Strothotte Willy or Willie is a masculine, male given name, often a diminutive form of William or Wilhelm, and occasionally a nickname. It may refer to: People Given name or nickname * Willie Aames (born 1960), American actor, television director, and scr ...

– non-executive director * Malcolm Macpherson – non-executive director * Marc Ocskay – alternate non-executive director

References

External links

Minara Resources
Mining companies of Australia Companies based in Perth, Western Australia Nickel mining companies 1994 establishments in Australia 2011 disestablishments in Australia {{mining-company-stub