Mark Chellew predicted to be new chairman at Moly-Cop

Mark Chellew, chairman of Manufacturing Australia and a board member of Cleanaway, is being tipped to emerge as the chairman of Moly-Cop.

The Australian reports that Chellow, who wouldn’t comment, would be appointed chairman if Moly-Cop was split from Arrium and floated.

Moly-Cop, a maker of mining consumables, is a global leader in its market, has estimated revenues of $160 million before tax, and is the most profitable part of Arrium.

Arrium went into administration in April, owing $4 billion.

Marketing for the float is predicted for mid-September.

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