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After paying $2m bonus, miner forced to seek investor vote

Liam WalshReporter

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Controversial coal miner Terracom has decided to seek shareholder approval for a $2.4 million bonus already paid to its departed executive chairman, Craig Ransley.

The Queensland company told the ASX on Tuesday afternoon the money was “provided” in June to Mr Ransley for his role in clearing a debt hangover for the miner. Mr Ransley retired a month later.

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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au

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    Original URL: https://www.afr.com/companies/mining/after-paying-2m-bonus-miner-forced-to-seek-investor-vote-20220816-p5bad5