Bang for the mining executives' buckPage 2 of 2 Single page view
Something tangible for shareholders
Perth businessman Tony Sage is another very busy man in mining - and in soccer. He not only manages to steer Cape Lambert Iron Ore and International Goldfields, but he also co-owns the Perth Glory and some fashion magazines.
The mining side of things is pretty lucrative for Sage. He earned $700,000 last year, split in equal salaries from Cape Lambert and International Goldfields.
But unlike Ord River and New Guinea Energy, at least those companies had something to show for all of that work. Cape Lambert pulled in $400 million of cash from selling its namesake magnetite project to China Metallurgical.
And International Goldfields has struck a $60 million deal to sell its South African platinum interests to Nkwe Platinum - also for cash.
Whether Sage can really work full-time for two companies - particularly in light of his business interests outside mining - is debatable. But at least in return for a relatively high salary from each company, he has produced some results for shareholders.
Sage's companies have a combined market value of $153 million.
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