Walsh takes on Perth Mint chair 2018-12-15 - Sean Smith Former Rio Tinto chief executive Sam Walsh is taking the helm of the State-owned operator of the Perth Mint, replacing its one-time boss Don Mackay-Coghill. Gold Corporation chair Sam Walsh says Perth Mint has suspended its relationship with players dealing with subsistence miners after revelations about the gold processor’s links to a convicted killer. “On behalf of the board and staff, I would like to extend my thanks to Mr Mackay-Coghill for sharing his extensive experience and providing sound leadership to The Perth Mint team,” Hayes said. The Perth Mint is owned by the government of Western Australia and refines more than 90% of newly mined gold in the country, one of the world's top gold producers. The mint has said it is confident it acted ethically and in line with regulatory requirements and responsible sourcing rules. The Perth Mint CEO Richard Hayes said Mackay-Coghill’s dedication to the organisation had been invaluable. A prominent supporter of the arts, he was appointed by the Federal Government in April as chairman of the Australia Council for the Arts. Click here. Read the latest. Ok Tedi Mining has resumed mine operations at its namesake copper-gold-silver mine in Papua New Guinea (PNG) after a surge in the country's COVID-19 cases prompted a two-week suspension on March 19. The report stated that McGowan had asked The Perth Mint chair of gold corporation Sam Walsh to lead the investigation. L'organigramme de Perth Mint contient ses 15 principaux dirigeants dont Richard Hayes, Caroline Preuss, Jane King et David Koch Revealed: Perth Mint and the convicted killer Chair of Gold Corporation, Sam Walsh, today reinforced The Perth Mint’s commitment to its ethical, robust and best practice processes. PERTH MINT ANNOUNCES NEW CHAIRMAN The Premier of Western Australian Mr Mark McGowan MLA has announced the appointment of Sam Walsh AO as the new Chairman of Gold Corporation, operator of The Perth Mint. OceanaGold confirms Macraes life extension, TerraCom defends Blair Athol coal authenticity, Follow the leaders: This week’s executive appointments, Rio Tinto builds Winu copper momentum with long-awaited drill results, Perth Mint signs agreement with Security Matters to protect its gold, Rio Tinto reveals Paterson Province discovery, Searching for the latest safety news and technologies in the mining sector? The Perth Mint, owned by the West Australian government, buys up to $200 million of “conflict gold” annually from a convicted killer in Papua New Guinea, a breach of its global accreditation and internal policies. Your single user subscription provides more than you think . “I have initiated an independent third-party review of The Perth Mint’s audit processes. Former Rio Tinto chief executive Sam Walsh is taking the helm of the State-owned operator of the Perth Mint, replacing its one-time boss Don Mackay-Coghill. Walsh also reinforced Perth Mint’s commitment to ethical, robust and best practice processes when sourcing the precious metal. Premier Mark McGowan described Sam Walsh as ‘a distinguished WA businessman with global networks and resource industry expertise’. L’examen est supervisé par son président, Sam Walsh, l’ancien directeur général du mineur mondial Rio Tinto. He is chairman of the Perth Diocesan Trust, commissioning panel chair of the Australian representation for the Venice Biennale, chair elect of the Royal Flying Doctor Service WA, and chairman of Accenture Global Mining Council. «J’ai lancé un examen indépendant par un tiers des processus d’audit de la Perth Mint», a déclaré Walsh. The mint bowed to pressure on Tuesday evening, after an investigation by the Financial Review, and suspended all purchases from Golden Valley and similar firms across the region. “I want to thank Mr Mackay-Coghill for his 26 years of service to the WA gold industry,” Mr McGowan said. Join the Federal Treasurer Josh Frydenberg to hear about his most significant year heading up the Government’s key economic portfolio, TROP-VEGAS: Bold casino vision to transform Darwin, Halted pandemic powers spell end for popular Waterfront Beach Club, REVEALED: The Territory’s favourite hairdresser after nailbiting finals, Real estate values could jump 20 per cent from Santos project: Agents, Easter’s mixed bag: Winners and losers after the lockdown. Former Rio Tinto chief executive officer Sam Walsh has been appointed chairman of Gold Corporation, operator of The Perth Mint. Mr Walsh joins a board which includes corporate adviser Liam Twigger, former Seven West Media WA chief Chris Wharton and one time Perth Stock Exchange chief Peter Unsworth. Perth Mint said it would stop processing metal from artisanal and small-scale miners after allegations that it took gold dug in Papua New Guinea using child labour. "The review will also assess the arrangements with licensed counterparties that may deal with Artisanal Smallscale Mining (ASM)," the statement said. Perth Mint Chairman, Sam Walsh. Perth Mint, chaired by former Rio Tinto chief executive Sam Walsh, is the largest refiner of newly mined gold in the world. Gold Corporation chairman Sam Walsh said Perth Mint has suspended its relationship with players dealing with subsistence miners after revelations of links to a Papua New Guinea killer. Subscribe Be the first with the news that moves the market. Perth Mint suspends relationship with artisanal miners. NEALE PRIOR. À la suite de cela, l’Australian Financial Review a rapporté que McGowan avait demandé au président de Perth Mint, Sam Walsh, de mener l’enquête sur l’affaire. GOLD Corporation chairman Sam Walsh has initiated a review of the Perth Mint’s processes in light of a scandal connecting it to a convicted killer. The state government has selected former Rio Tinto boss and current Mitsui & Co director Sam Walsh as the new chair of Perth Mint operator Gold Corporation. Red 5 has awarded a gas and solar power supply contract to Zenith Power to power operations at the King of the Hills (KOTH) mine in Western Australia. “In the increasingly complex worlds of refining, metals trading, financial services, and digital technologies, I believe Mr Walsh has the right skills to lead GoldCorp into the future,” he said. He will guide an organisation that refines more … Walsh will succeed Don Mackay-Coghill, who held the position of chairman since 2016. Sam Walsh is a prominent company director who is also active in the arts and philanthropy. Log In Explore subscription options. Red 5 to run King of the Hills with hybrid power - Australian Mining, Share on Facebook Share on Twitter Share on Linked In Share by Email, Ok Tedi to ramp up production following mine restart - Australian Mining. 80Ghz Radar level transmitter technology. Premier Mark McGowan described Mr Walsh as “a distinguished WA businessman with global networks and resource industry expertise”. Breaking his silence, chairman Sam Walsh said the mint would conduct an independent review into compliance with its ethical sourcing policy. Mr Walsh, who was appointed chairman of Gold Corporation — which operates Perth Mint — in December 2018, said in a statement on Tuesday that he had initiated “an independent thirdparty review” of Perth Mint’s audit processes and this review would cover arrangements with groups that might deal with artisinal and small-scale miners. PERTH Mint chairman Sam Walsh is moving the gold refiner away from artisanal miners in the wake of a scandal relating to allegations it sourced gold from a convicted killer in Papua New Guinea. No allegations have ever been levelled against Mr Walsh, but the publicity around the scandal could have deprived him to date of the blue-chip corporate directorships he may have expected in retirement. Chaired by former Rio Tinto chief executive Sam Walsh and backed by a state government guarantee, the Perth Mint is the largest refiner of newly mined gold in the world and in February said it was at the "forefront of setting the highest possible ethical standards." Red 5 managing director Mark Williams said the award of the power purchase agreement had marked another important construction milestone for the King of the Hills project. Sam Walsh Founding Partner of Athene LLP - Niche property advisor to a range of commercial businesses throughout the UK and Europe Perth Mint has stopped sourcing gold from artisanal small miners. Mr Mackay-Coghill joined the fledgling GoldCorp from South Africa in 1986, leading a transformation of the moribund mint into a major player on the world precious metals market. He left after 17 years but was brought back as chairman in July 2015 to replace Kerry Sanderson after she was appointed WA Governor. Responding to a query by WestBusiness, the State Government confirmed it was not reappointing … The mint has said it is confident it acted ethically and in line with regulatory requirements and responsible sourcing rules. Sam Walsh. Breaking his silence, chairman Sam Walsh said the mint would conduct an independent review … The return to operations will involve a gradual ramp-up to full production at the Ok Tedi mine over a period of up to two weeks. Mining giant Rio Tinto has asked former chief executive Sam Walsh to extend a deferral of his final multi-million-dollar bonus. Responding to a query by WestBusiness, the State Government confirmed it was not reappointing Mr Mackay-Coghill as chairman of GoldCorp but instead bringing in a new chair in Mr Walsh. Responding to a query by West-Business, the State Government confirmed it was not reappointing Mr Mackay-Coghill as chairman of GoldCorp, instead bringing in a new chairman in … The review is being overseen by its chairman Sam Walsh, the former chief executive of global miner Rio Tinto. His most recent full-time role was chief executive of global mining giant Rio Tinto, based in London, and prior to that he was Rio Tinto chief executive iron ore and Australia, based in Perth. “As we move into a new year and new era for The Perth Mint, we warmly welcome Mr Walsh and look forward to working with him as we continue to build our global presence and reputation in the dynamic and challenging precious metal markets of the 21st century.”. Chaired by former Rio Tinto chief executive Sam Walsh and backed by a state government guarantee, the Perth Mint is the largest refiner of newly mined gold in the world and in February said it was at the “forefront of setting the highest possible ethical standards.” His appointment is further validation of the mining boss’s standing and reputation in government, despite the after-effects of a bribery scandal involving Rio in the African nation of Guinea. The allegations of a cover-up three years ago come as the Mint bowed to pressure and suspended shipments from gold buyers in Papua New Guinea … The West Australian - 2020-06-17 - WEST BUSINESS - Premier Mark McGowan and Gold Corporation chairman Sam Walsh. Gold Corporation chairman Sam Walsh initiated a third-party review of the Perth Mint's audit processes on June 16 The Perth Mint, which refines more than 90 per cent of the gold mined in Australia and Asia, welcomed the findings by the London Bullion Market Association. Mr Walsh is currently the chair of Gold Corporation, the Royal Flying Doctor Service (WA) and the Australia Council for the Arts, a trustee of the Perth … Its chairman, Sam Walsh, said in a statement on Tuesday he had launched an independent review of the checks it makes on suppliers. Western Australian Premier Mark McGowan commented, “In the increasingly complex worlds of refining, metals trading, financial services and digital technologies, I believe Mr Walsh has the right skills to lead Gold Corporation into the future.”. According to a statement released in the name of the chair of Gold Corporation, Sam Walsh, the Perth Mint is suspending ASM gold purchases pending the results of an independent third-party review of the Perth Mint’s audit processes. He will guide an organisation that refines more than 350 tonnes of gold and 650 tonnes of silver each year. “He has led GoldCorp through many changes in the industry and can be very proud of his record.”, © West Australian Newspapers Limited 2020. Perth Mint board ignored corruption advice | As pressure builds on the Mint, chairman Sam Walsh has broken his silence and suspended gold shipments from small miners in PNG. The Perth Mint is owned by the government of Western Australia and refines more than 90% of newly mined gold in the country, one of the world's top gold producers. To read our articles you will need to either login or subscribe. Former Rio Tinto chief executive Sam Walsh is taking the helm of the State-owned operator of the Perth Mint, replacing its one-time boss Don Mackay-Coghill. Walsh will succeed Don Mackay-Coghill, who held the position of chairman since 2016. Walsh is also chair of the Australian Council of the Arts and the Art Gallery of Western Australia. Established in 1908, Australian Mining continues to lead and inform the Australian mining industry of the latest innovations in mining technology and equipment. To keep up to date with Australian Mining, subscribe to our free email newsletters delivered straight to your inbox. Future Of Mining > Sustainability; 17 June 2020 comments; share. 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