Guildford Coal Ltd Announces Resignation Of Chairman

Guildford Coal Ltd announced the resignation of The Honourable Peter Lindsay as Chairman of Guildford Coal. Mr Lindsay has informed the Board that the transition from Explorer to Producer and increased internationalisation associated with ramping up of activities in Mongolia are important achievements that have influenced his decision to step down as Chairman. Mr Lindsay has agreed to transition to a new role leading the Guildford Coal Queensland Development Committee which will oversee the development and commercialisation of mining and infrastructure proposals in North Queensland. Guildford Coal has commissioned the services of Heidrick & Struggles to assist with the sourcing and appointment of the new Chairman. In the meantime, and with immediate effect, Non-Executive Director The Honourable Alan Griffiths has been appointed acting-Chairman.