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Matthew Stevens

Kidman cashes in on Wesfarmers' electric dreams

In just five years, Martin Donohue has built a business that Wesfarmers values at $776 million.

Matthew StevensColumnist

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When Martin Donohue joined Kidman Resources back in October 2014, the most prospective thing about the very junior miner was its smart corner office in the severe steel-and-glass tower in Melbourne’s Williams Street that was home to  Broken Hill Proprietary Company Ltd.

On his first day as managing director of a miner with hopes but no great bank of prospects, Kidman boasted a market capitalisation of $8.9 million. Five years and $36 million of investment later, Donohue has built a business that Wesfarmers values at $776 million.

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Matthew Stevens writes on business, specialising in mining, energy and opinion. Matthew is a senior business writer and columnist. Email Matthew at matthew.stevens@afr.com.au

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    Original URL: https://www.afr.com/companies/mining/kidman-cashes-in-on-wesfarmers-electric-dreams-20190502-p51jit