Terramin Australia (ASX:TZN) - Former CEO, Richard Taylor
Former CEO, Richard Taylor
Source: The Advertiser
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  • Mining company Terramin Australia (TZN) has welcomed Martin Janes to an executive role within the company
  • Martin, who has previously held senior roles at Terramin, will be responsible for the company’s day-to-day operations and major projects
  • Terramin has also farewelled its CEO, Richard Taylor, who has stepped down from his position
  • Despite his resignation, Richard will continue as a consultant for the company on its Bird-in-Hand Gold Project mining lease application
  • Terramin shares are grey at market open, trading for 4.5 cents each

Mining company Terramin Australia (TZN) has welcomed Martin Janes to an executive role within the company.

Martin is already familiar with Terramin, after previously holding various senior roles within the company. In his new executive position, he will have overall responsibility for the company’s day-to-day operations, with the support of the management team and staff.

In particular, Martin’s focus will be progressing Terramin’s major projects, such as its zinc and gold mine projects. The company is primarily engaged in exploring, developing, and mining deposits in both Australia and Northern Africa.

The company has engaged Martin via a consultancy agreement, which either party may terminate with 30 days’ written notice. For 2.5 days of service per week, Terramin will pay Martin a weekly retainer of $3750.

In related news, Terramin has also bid farewell to its Chief Executive Officer, Richard Taylor, who has stepped down from his position. In the announcement, the company expressed appreciation for Richard’s contribution during his tenure.

Despite resigning from the top job, Richard will continue as a consultant on Terramin’s Bird-in-Hand Gold Project mining lease application. The company is in the advanced stages of finalising certain mining lease approvals, and has implemented this interim management arrangement pending these approvals.

The company has confirmed that tranches three and four of Richard’s 10 million options have not vested, and have therefore lapsed. The third and fourth tranches represent five million of those options, which were offered as a long-term incentive on commencement of employment.

Terramin shares are grey at market open, trading for 4.5 cents each at 10:24 am AEST.

TZN by the numbers
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