THE promising Mount Peake project in the Northern Territory could be derailed as five rebel shareholders mount a push to remove managing director and CEO Paul Burton, non-executive chairman John Elkington and newly announced non-executive director Elizabeth Henson from TNG’s board.
Under section 249D of the Corporations Act TNG must hold a shareholder meeting to consider the request, which is now being prepared.
Despite securing $800 million in conditional finance support for Mt Peake from three government backed financial institutions in Australia, Germany and Korea, TNG's board received notice this week that...
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