LEMUR Resources managing director Blair Sergeant is relocating to southern Africa to be closer to...
This means he will also act as Lemur’s chief executive officer.
The company has revised its agreement with Sergeant and will pay him $312,000 a year. According to Lemur’s 2012 annual report, Sergeant was getting paid $240,000 per year, plus 9% statutory superannuation.
Lemur is headquartered in Perth, Western Australia, and has significant coal assets in Madagascar.
It plans to develop a thermal coal mine at its 99%-owned Imaloto project in the Imaloto Coal Basin in Madagascar.
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