Update on Board of Directors

 

24 June 2015

The Board of Directors of Noble Group (“Noble” or “Company”) is pleased to announce the updated composition of the Board following the appointment of Mr. Yu Xubo (Patrick) as a Non-executive Director of the Company with effect from 24 June 2015.

The Board now comprises 13 Directors, including 9 Independent Non-executive Directors, whose objective judgment on corporate affairs and collective experience is valuable to the Group. The Board is of the view that its size is appropriate, taking into account the nature and scope of operations of the Group.

The Directors as a group provide core competencies such as accounting or finance, business or management experience, industry knowledge, strategic planning experience and customer-based experience or knowledge. The Non-executive Directors’ role, amongst others, is to constructively challenge and help develop proposals on strategy, review the performance of management in meeting agreed goals and objectives, and monitor the reporting of performance.

Richard Elman, Chairman of Noble Group, said, “I truly believe that the Board of Noble Group is among the strongest in Asia. Our Board members are leaders in their fields, and bring impeccable credentials across commodities, trading, banking and accountancy. The Company benefits immensely from their varied experience and insights.”

The list of current directors of Noble Group Limited (the “Company”) is set out below:

Executive Directors Appointment Date Past/Current Positions

Richard Elman

6 April 1994

  • Chairman of the Company
  • ex-Board Director of Phibro
William James Randall 6 February 2012
  • Executive Director and President of the Company
Yusuf Alireza 16 April 2012
  • CEO and Executive Director of the Company
  • ex-Co-President of Asia (ex Japan) of Goldman Sachs
     
Non-executive Directors Appointment Date Past/Current Positions
Yu Xubo (Patrick) 24 June 2015
  • President of COFCO Corporation
     
Independent Non-executive Directors Appointment Date Past/Current Positions

Robert Chan

16 August 1996

  • ex-CEO of United Overseas Bank, Hong Kong
Ambassador Burton Levin 16 August 1996
  • 38 years of diplomatic service for the US in Asia
Alan Smith 22 March 2002
  • ex-Vice Chairman – Pacific Region of Credit Suisse First Boston
Iain Bruce 9 April 2002
  • ex-Chairman of KPMG Asia Pacific
David Eldon 1 January 2007
  • ex-Chairman of HSBC
Irene Lee 1 March 2012
  • Executive Chairman of Hysan Development Company Limited
Richard Margolis 20 June 2013
  • ex-Regional Director, North East Asia, Rolls Royce
Christopher Pratt 3 June 2014
  • ex-Executive Chairman of Swire Pacific Limited
Paul Brough 6 May 2015
  • ex-Senior Partner of KPMG, Hong Kong

Please click here for the complete announcement

 

Appointment of Non-Executive Director

 

24 June 2015

 

The Board of Directors of Noble Group is pleased to announce that Mr. Yu Xubo (Patrick) has been appointed as a Non-executive Director of the Company with effect from 24 June 2015. Mr. Yu joins the Board as the replacement for Mr. Li Rongrong who was nominated by Best Investment Corporation and whose term has expired.

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ASX Announcement by Xanadu: High Grade Massive Sulphide Mineralisation Intersected

 

22 June 2015

HIGHLIGHTS

  • Diamond drill hole KHDDH371 intersects high-grade copper-gold breccia hosted massive sulphide mineralisation:
    - 50m grading 1.84% Cu and 0.73g/t Au (2.31% CuEq) from 374m including;
    - 27m grading 2.55% Cu and 0.94g/t Au (3.15% CuEq) from 384m;
  • Massive sulphide mineralisation is flanked by a broad zone of porphyry-related breccia mineralisation:
    - 415.2m grading 0.63% Cu and 0.24g/t Au (0.79% CuEq) from 88.8m including;
    - 243.8m grading 0.81% Cu and 0.32g/t Au (1% CuEq) from 242.2m;
  • Follow up drilling underway;
  • Drilling reinforces the potential of the Tourmaline Breccia unit to host high grade mineralisation on a potentially large scale;
  • The hole extends known mineralisation to the north;
  • These drilling results confirm Kharmagtai as one of the most promising copper-gold projects in Asia.
Xanadu Mines Ltd (ASX: XAM – “Xanadu”) is pleased to announce that diamond drill KHDDH371 at its flagship Kharmagtai copper-gold project (Figures 1 and 2) has intersected a significant zone (up to 50m) of very highgrade breccia hosted massive sulphide mineralisation within a broad zone (up to 415m) of porphyry-related breccia mineralisation. The discovery resulted from systematic drill testing of high priority targets lying under shallow cover along strike from existing deposits within the Kharmagtai project.

Xanadu is very encouraged by the interception of massive sulphide mineralisation hosted in a broad zone of porphyry related tourmaline breccia mineralisation in drill hole KHDDHH371 (Figures 3 and 4). This represents the highest grade copper mineralisation discovered to date within the Kharmagtai project (Figures 5 to 7). The hole tested the northern limits of the known mineralisation and intersected high grade mineralisation outside the previously interpreted boundary. This higher grade portion of the tourmaline breccia mineralisation is open to the north.

Please click here for the complete announcement

 

ASX Announcement by Xanadu: Marcus Engelbrecht appointed to Xanadu Board of Directors

 

The Board of Xanadu Mines Ltd (ASX: XAM – “Xanadu”) is pleased to announce the appointment of Marcus Engelbrecht to the Company’s Board of Directors as a Non-Executive Director on 16 June 2015.

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Noble Group Issues Open Letter to Mr. Michael Dee

 

Noble Group (“Noble” or “Company”) announces that Mr. Yusuf Alireza, CEO of Noble Group, has issued the following letter in response to Mr. Michael Dee’s statements about the Company. In summary, the letter highlights:

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