TMK Energy Limited (AU:TMK) has released an update.
TMK Energy Limited is undergoing a strategic restructuring to boost the delivery of its Gurvantes XXXV Coal Seam Gas Project in Mongolia, with key management changes including Dougal Ferguson as the interim CEO and John Warburton as the new non-executive Chairman. The company aims to capitalize on significant growth opportunities by focusing on project delivery and resource expansion, while maintaining cost efficiency during the transition. The restructure extends to its Mongolian subsidiary to enhance local operations and governance, with a full-time Managing Director search underway to steer the project’s potential major development.
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