26 Jun 2010

Mining company may resume trade next week - former chairman

6:11 am on 26 June 2010

The former chairman of Sundance Resources says the company may resume trade as early as next week.

The ABC reports George Jones was brought in to advise the company after its entire six-person board was killed in a plane crash in the Congo on Saturday.

The company's shares have been suspended from trading since, as Mr Jones and the company's surviving executives try to resolve an unprecedented corporate governance problem.

In an interview to be broadcast by the ABC on Sunday, he said strategic advisers who have been assisting the company's remaining management team since the accident will probably become a short-term interim board until a general meeting of shareholders can be arranged.

Mr Jones said the company's shares should resume trading well before the shareholder meeting is held, once regulators have approved an interim board structure.