Forrest Joins Nickel Company's Board/Will resign from other boards to focus on Niagara and Fortescue

摘要

Andrew Forrest, CEO of Fortescue Minerals Group, has returned to Australia's nickel sector by joining the board at Niagara Mining, according to The West Australian. The appointment of Forrest as Niagara's non-executive chairman, at what is considered a pivotal time for his company's 3.7 billion dollars Pilbara iron ore project, raised concerns that his focus on the project could suffer because of his commitments to other boards. Fortescue's iron ore project is slated to be on stream before mid-2008, but damage by Cyclone George has raised concerns about timetable delays.