Peterson, who will depart next year, says the time is right for him to stand down.
The new fund, separate to Infratil, will invest across OECD markets in Europe, North America and Australasia.
Pioneering rock crushing machines are being adapted to solve global labour shortage across minerals industry.
Resignation attributed to head office shift from Auckland to Sydney.
‘We’ve been saving our pennies for a while,’ says managing director Rod Duke.
It is doubtful whether the new plan will quell investors’ concerns over the trajectory of the company.
Aggregate net profit at NZX-listed firms down 7%, the worst performance on record.
NBR understands listed transport company is in a dispute resolution process with Transport Agency Waka Kotahi.
Santana Minerals says investors ‘should not rely’ on announcement from March 6 after intervention from stock exchange.
Former Plexure business shifted to a sole ASX listing last year but previously expressed its commitment to NZ operations.