Chinese take control of Mount Gibson

THE next four weeks will be a crucial time for Mount Gibson Iron and its new chairman Craig Readhead and managing director Luke Tonkin as they attempt to win the support of the company’s major Chinese shareholders to reduce board numbers and achieve an independent balance.

Chinese take control of Mount Gibson Chinese take control of Mount Gibson Chinese take control of Mount Gibson Chinese take control of Mount Gibson Chinese take control of Mount Gibson

It follows the company’s annual general meeting today in which a resolution to appoint independent director Peter Knowles, a 30-year industry veteran, to its board was thwarted by major Chinese

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