Stone departs Wollongong for Guildford

WOLLONGONG Coal chief operating officer David Stone has resigned from the Illawarra coal miner to join Queensland-based Guildford Coal as an executive director.
Stone departs Wollongong for Guildford Stone departs Wollongong for Guildford Stone departs Wollongong for Guildford Stone departs Wollongong for Guildford Stone departs Wollongong for Guildford

TerraCom's box cut at the BNU mine in Mongolia.

Blair Price

While Wollongong Coal is facing various challenges, especially in regard to greentape hurdles for its Russell Vale longwall mine expansion plans, ICN heard that Stone’s position at Wollongong Coal is considered safe.

A Guildford spokesman told ICN that Stone had to provide five weeks’ notice to Wollongong Coal.

Interestingly, Stone’s resignation (announced on Thursday) came a week after he was appointed to Guildford’s board as a director.

In the appointment move, Guildford managing director Michael Avery said Stone’s extensive mining experience was a welcome addition to the board as Guildford continued to ramp up production in Mongolia.

On Friday Guildford said Stone took up the executive position alongside Avery as the company ramps up production and “evaluates potential expansion opportunities”

“Having a mining engineer as part of the executive leadership team with David’s experience and expertise in managing resource businesses for over two decades will be invaluable to Guildford’s Board of Directors and management team,” Avery said.

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