Mount Gibson Iron (ASX:MGX) appoints new executive director

Company News

by Katrina Bullock

The board of Mount Gibson Iron (ASX:MGX) has appointed Ding Rucai as a non executive director.

Mr Rucai will represent Mount Gibson's second largest shareholder - Shougang Fushan Resources Group.

The Group holds a 14.1 per cent interest in the company and he is currently its chairman and executive director.

He comes to the board as a senior engineer with a doctoral degree in metallurgy and with more than 30 years’ experience in the steel and coal resources industry, having held a variety of senior management and executive positions.

Shares in Mount Gibson Iron (ASX:MGX) closed 2.41 per cent higher at $0.85 yesterday.

Katrina Bullock

Finance News Network
Katrina is a respected TV journalist, as well as a renowned presenter and award winning lawyer. She holds a Bachelor of Laws (Honours 1st class, division 1), a Bachelor of Business (with Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She began her career as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel of Greenpeace Australia Pacific. In 2020 Katrina was named one of the 30 best lawyers in Australia under 30 by Lawyer's Weekly.