Gujarat NRE Coking Coal Limited (GNCCL) is a subsidiary of Gujarat NRE Coke Limited, the largest independent manufacturer of Low Ash Metallurgical Coke (Met Coke) in India. GNCCL was incorporated in October 2004, and is involved in mining, and marketing of world class coking coal products. The company’s shares are listed and actively traded at Australian Securities Exchange (ASX - Code: GNM). The Company owns and operates the 2 coking coal mines, NRE No1 Colliery and NRE Wongawilli colliery having JORC compliant reseves and resources of about 125MT and 652 MT respectively.
NRE No. 1 Colliery, spreading over 6421 hector with Jorc compliant reserves/resources of over 92/315 million tonnes of coking coal is located in the Southern Coalfields of New South Wales, Australia. NRE Wongawilli Colliery is formed by the consolidation of NRE Avondale Colliery, and the Elouera colliery has JORC cpmpliant reserves/resources of about 33/337 million tonnes. Both the mines are located in proximity to the relatively uncongested Kembla Port Terminal in the Southern Coalfields of the New South Wales Coalfields, making it logistically convenient for all export operations. These coal leases give GNCCL the rights for carrying out the various mining and exploration activities in the various coal seams located within the leases namely Bulli seam, Balgownie seam, Wongawilli seam and Tongara seam.
GNCCL has invested significant amount for brown field development of the mines, and is working to emerge as one of the largest coking coal producers in Australia. The Collieries are being developed like a completely new mine employing the best of human resources and high quality infrastructure to progressively increase run of the mine production to 6 million tonnes per annum by 2015. GNCCL is well integrated in the local Illawarra community as a conscious corporate citizen.
BOARD, MANAGEMENT AND CORPORATE GOVERNANCE
Board
Mr Arun Kumar Jagatramka
[Chairman, , BCom (Hons), FCA, AIMM]
Mr Arun Kumar Jagatramka is a qualified Chartered Accountant with an all India 1st rank and gold medal. He has an industrial experience of more than a decade in production of coal and coke, besides a prior experience in management consultancy and merchant banking.
Mr Arun Kumar Jagatramka is the Chairman and Managing Director of Gujarat NRE Coke Limited. Under his able guidance, Gujarat NRE Coke, established in 1994, has become the largest independent producer of Met Coke in India – the only Indian entity to have moved backward into coal mine ownership in Australia and forward into steel making, coupled with wind energy and waste heat power generation. The Compounded Annual Growth of the company since inception is to the tune of 50% approx.
A visionary of rare distinction, he has spearheaded the move by establishing Gujarat NRE Minerals Ltd. in 2004, a company involved in mining operations in Australia. Gujarat NRE Minerals Ltd owns and operates NRE No. 1 colliery and NRE Wongawilli Colliery in Wollongong currently. In a space of just a few years, the Company under his chairmanship has acquired world class hard coking coal resources in excess of 500 million tonnes.
He is also on various Boards like Port Kembla Coal Terminal, Wollongong Hawks and Executive Committee Member of NSW Minerals Council etc.
Mr Jagatramka has been appointed as an honorary NSW “Sydney Ambassador” to India by the Govt. of New South Wales, Australia. He is a member of the New South Wales-Asia Business Council under the department of State and Regional Development
Mr Jagatramka added another feather to his cap as an ambassador of Australia India relationship, when the Australia India Business Council (AIBC) acknowledged him at Parliament House in Sydney recently for his contribution in promoting relations between the two countries.
Mrs Mona Jagatramka
[Director]
Mrs. Mona Jagatramka, aged about 42 years is the Director of M/s Gujarat NRE Australia Pty. Ltd. and Gujarat NRE FCGL Pty Ltd. She has more than 10 years of experience in management & administration affairs. She is Graduate in Home Science. She is actively associated in the Management of the businesses and looks after the Human Resources and support managerial services of Gujarat NRE Group.
Dr Andrew Edwin Firek
[Non-Executive Director and Member of Audit Committee, MSc, Ph D, FAusIMM, FAIE]
Dr Firek has been involved in mining and mineral processing for over 25 years. His
experience includes managing of process development, construction, commissioning
and operations of coal, base and precious metals plants in Europe, Africa and Australia.
He worked in Europe and Africa as a United Nations expert in fossil fuels exploration,
mineral processing and energy generation. Dr Firek is also familiar with downstream
processing of oil and gas that helps in evaluating feasibility of fuel resources. Dr. Firek
was a Group Leader at the CSIRO, Division of Fossil Fuels in Sydney and was engaged
in developing technologies to produce liquid fuels from coal. He was Project Director at
Memtec Ltd, following which he joined Pancontinental Mining Ltd where he was
Research and Development Manager involved in substantial mineral resources projects
including base and precious metals, uranium and the development and commissioning
of a $220 million magnesia production facility near Rockhampton in Queensland. He
worked on site during construction and commissioning for 12 months. Dr Firek was a
director of mineral residue processing group Hydromet Technologies Ltd. He was also a
founding Executive Director of the listed company; Allegiance Mining NL that later
discovered Tasmania’s largest nickel sulphide deposit..
Mr Maurice Anghie
[Non-Executive Director & Chairman of Audit Committee, BBus, FCA, FCPA, MAICD]
Mr Anghie is an experienced and financially qualified professional possessing a range of
commercial and financial skills. Having worked extensively in the listed corporate
environment, he possesses legal, regulatory and governance expertise.
He has been an Audit & Corporate Finance Partner in many chartered accounting firms
for over many years. He is currently an Independent Corporate Consultant and a nonexecutive
director of Aditya Birla Minerals Limited.
Management
|
The Board of Directors is ably supported by a team of professionals in the day to day management of the company. The following table gives a summary of the key management personnel of GNAL along with their past credentials and professional background. |
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|
S.No. |
Name |
Designation |
Qualification |
Age |
Past Experience |
|
(i) |
Dr Chris Harvey |
Head of Mining Operations |
PHD |
54 |
30 years |
|
(ii) |
Mr Naveen Kumar Nanda |
Manager - Commercial and Finance |
FCA, CPA |
35 |
14 years |
|
(iii) |
Mr Don Jephcott |
Environmental Manager |
B.Sc |
61 |
40 years |
|
(iv) |
Mr Sanjay Sharma |
Company Secretary |
B.Com(Hons), MBA |
34 |
11 years |
|
|
Dr Chris Harvey has a PhD in Mining Engineering from Wollongong University, alongwith a range of additional qualifications in Management & Environmental Studies. In 1983 after working as a Mining Engineer in the Illawarra coal mining industry he joined the New South Wales Department of Mineral Resources as a Mining Engineer and Senior Environment Officer and was appointed as an Inspector under the Mining Act 1992. This involved various statutory and operational responsibilities for a wide range of coal mining related matters, particularly in the Southern and Western Coalfields of New South Wales and involved the assessment of Environmental Impact Statements and Subsidence Management Plans. Dr Harvey joined Gujarat NRE Australia Pty Ltd in early 2006 as Mining Superintendent for the NRE No.1 and the NRE Avondale Collieries. His qualifications, skills and experience are viewed as a real benefit
in gaining necessary approvals and consents to keep the mines operating and where necessary gain additional consents, titles and government approvals. He is a member of the Australasian Institute of Mining & Metallurgy; a member of the Institution of Engineers Australia, a member of the Australian Institute or Management & a Member of the Society of Mining Metallurgy & Exploration (America).
Mr Naveen Kumar Nanda is a Fellow Chartered Accountant from India and CPA Australia with more than 10 years of extensive working experience at various positions ranging from Accounts and Financial Manager to Chief Manger Finance with highly reputed Indian companies. Naveen has also been in professional practice as a self-employed Chartered Accountant providing financial and taxation consultancy, auditing, handling and supervising complex accounts in India. In addition, he has around 4 years of local experience as a senior auditor & accountant with reputed Sydney based CPA firm providing auditing, financial and taxation services to businesses in Australia.
Mr Don Jephcott has a Bachelor of Science with 40 years experience in environmental matters. For the last 29 years he has worked at this mine site so he has a solid understanding of enviromental issues at this site. Previously he worked with the Environmental Protection Agency and the department of Conservation.
Mr Sanjay Sharma is a Management Graduate from the University of Canberra with over 10 years of experience in business management. He held various senior positions in two companies before joining Gujarat NRE Minerals Limited as a Company Secretary in 2004. He is also Company Secretary in other group of companies in Australia including Gujarat NRE Limited and Gujarat NRE FCGL Pty Ltd. |
Corporate Governance
The Directors are responsible for the overall corporate governance of the Company, and are committed to the principles underpinning best practice in corporate governance, applied in a manner that meets ASX standards and best addresses the Directors’ accountability to Shareholders.
The Directors monitor the business affairs of the Company on behalf of Shareholders and have formally adopted a corporate governance policy which is designed to encourage Directors to focus their attention on accountability, risk management and ethical conduct.
The following policies and procedures have been adopted by the Company and are available for viewing on the Company’s website at (*).
- Board Charter
- Audit Committee Charter
- Executive Committee Charter
- Directors and Executive Officers’ Code of Conduct
- Performance Evaluation Process
- Code of Business Conduct
- Dealings in Company Securities
- Communications Strategy
- Disclosure Policy
- Risk Management and Internal Control Police
Whilst the Company will endeavour to comply with all of the guidelines under the ASX Corporate Governance Council’s “Principles of Good Corporate Governance and Best Practice Recommendations”, the Board considers that the Company is not currently of a size, nor are its affairs of such complexity, to justify the additional expense of compliance with all recommendations. The Board will consider on an ongoing basis its corporate governance procedures and whether they are sufficient given the Company’s nature of operations and size. |
