LEADERSHIP

Australian Mines appoints new CFO

Australian Mines (ASX:AUZ) has hired Fortescue Metals Group’s Marcus Hughes as its new CFO to provide project financing and equity raising experience as the company develops the Sconi project in North Queensland.

Staff reporter
Bulk samples at Australian Mines' Sconi project

Bulk samples at Australian Mines' Sconi project

During his career of over 20 years in the listed company environment, he most recently spent eight years as FMG's finance group manager. He also held senior roles at Lend Leasae and Rio Tinto.

The company said Hughes had credentials in capital raisings and project finance structuring.

Managing director Benjamin Bell said Hughes immediate experience was "an ideal fit for Australian Mines, as we prepare to commence our transition from explorer to project developer following the imminent release of a bankable feasibility study on our Sconi cobalt-nickel-scandium project".

He will formally join Australian Mines on December 3.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.