He will be able to earn a short term incentive of up to 50% of base salary, payable in August each year.
The short term incentive is based on the CEO meeting key performance indicators as determined by the board, and payment is at discretion of the board of the underground coal mine contractor.
A long term incentive equivalent to 1,500,000 fully paid ordinary shares in the company is also being offered.
McAlary joins Delta SBD with experience in underground coal operations and business management.
In his 35 years in the mining industry, Neville has held a number of senior and executive positions with Glencore (Xstrata Coal) and Peabody in Australia.
His experience includes operational management of an Australian mining contracting company in the 1990s and work with a number of international mining groups across the United States and South Africa.
McAlary has demonstrated a core focus on safety and has implemented significant safety improvement programs aimed at improving workforce education and awareness, according to the company.
He is a mining engineer and holds a 1st Class Mine Manager’s certificate.