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Shaw River loses managing director

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Shaw River loses managing director

Peter Cunningham has stepped down as managing director of Shaw River Manganese Ltd., according to a Sept. 29 statement.

The move is tied to the ASX-listed explorer’s voluntary administration, which Shaw River announced in late January was the result of low manganese prices and difficulty raising cash.

Cunningham has served on the company’s board since Aug. 13, 2014.