Leighton's King to chair Guildford

THE high-profile former CEO of Leighton Holdings, Wal King, has been appointed as the new non-executive chairman for Mongolian miner Guildford Coal.

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“Wal’s appointment to the board is a coup for the company,” Guildford Group managing director Peter Kane said.

“He is a proven leader whose unrivalled skills and experience are exactly what the company needs as it enters its next phase as a producer.”

The appointment of King, who grew Leighton from $1 billion in annual revenue to more than $20 billion per annum over his 23 years as its CEO, comes as Guilford aims to start trucking a trial shipment of coal from the Baruun Noyon Uul mine in Mongolia into neighbouring China today.

Under King’s reign, Leighton became a pioneering player in Mongolia’s young mining scene with the company earning billions of revenue as mine-operating contractor there.

The BNU mine is initially targeting 1 million tonnes per annum of low-ash, low-sulphur hard coking coal production for the Chinese steelmaking market.