The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • BCI Minerals’ (BCI) Managing Director and Chief Executive Officer has submitted his resignation to the company’s board
  • Alwyn Vorster announces his decision to step down by the end of 2022 after more than six years in the leadership role
  • Mr Vorster says his decision is due to a desire to pursue non-executive advisory roles and personal interests
  • The BCI Minerals board has now begun the search process for its next Chief Executive Officer
  • BCI Minerals last traded at 24 cents on July 14

BCI Minerals’ (BCI) Managing Director and CEO has submitted his resignation to the board.  

Alwyn Vorster announced his decision to step down from his position by the end of 2022 after more than six years in the role, citing his desire to pursue non-executive advisory roles and personal interests.

 “Alwyn has been CEO of BCI since May 2016, having been CEO of Iron Ore Holdings for four years up to its acquisition by BCI in 2014,” BCI Chairman Brian O’Donnell said.

“He has led the company through a period of great change, including the development of our flagship Mardie project from acquisition to commencement of construction.”

Mr Voster said it had been a privilege leading BCI’s progress, from iron ore exploration to BCI’s current flagship Mardie Salt and Potash project in Western Australia.

“During the transition period, I look forward to working with the BCI team to manage this period of industry headwinds,” Mr Vorster said.

“I am confident that we have created the building blocks for BCI to have a successful future, and am grateful for the support provided by our major shareholders, the board and BCI’s employees, and other important stakeholders.”

The BCI Minerals board has now begun a search process for a new Chief Executive Officer.   

BCI Minerals last traded at 24 cents on July 14.

BCI by the numbers
More From The Market Online
The Market Online Video

Market Close: ASX signs off on a sigh with all sectors red-lining

The ASX200 finished 1.3 per cent down with every sector in the red and Industrials and Real Estate brittle and bruised as bot…

Week 17 Wrap: BHP-Anglo deal helps push down ASX; US data of concern but AI bulls happy

The big thematics and headlines that drove the ASX this week, plus, the headlines I think…
The Market Online Video

Market Update: ASX on red alert with all sectors below the surface

The ASX200 is trading down around 1.1% with all eleven sectors in the red. Real-estate has…

ResMed spikes on robust results and global growth spurt

ResMed shares have climbed following the release of the company's strong Third Quarter FY2024 results.