Learn about our strategy, developement and Managing Board


Balamara aims to deliver a long-term shareholder value by:wykres

  • Building an asset base with a focus on coal;
  • Employing best practices to develop the properties and projects that are under our control.

More specifically, Balamara aims to establish itself as a mid-tier coal miner/producer by:

  • Developing our current portfolio of assets, located in Poland
  • Conducting applicable work on all projects to add value, including exploration, feasibility studies, commercial analysis and ultimately construction of plant and production where possible.
  • Marketing the Company to the wider audience.
  • Relist Balamara at a more mature stage around first production, with timing & location to be considered ahead.

Balamara Resources Ltd. Management Board

Mr. Lenartowicz has been with the company since the 2nd of May 2007 as an Executive Director, and recently appointed as Executive Chairman from the 1st of August 2011. He brings to the company extensive project development and mining experience, from previous positions within major Australian resources companies at a senior management level. As an executive chairman, he will focus primarily on bringing new projects into the company and assisting with the development of these projects moving forward.

Mr. Lenartowicz is a mining engineer with significant experience in developing and operating large-scale resource projects such as Western Mining’s flagship nickel operation at Mt Keith in Western Australia (1.7 million tonnes of nickel). Prior to his engagement with Western Mining, he held senior positions at North Limited and Dominion Mining. Most recently, Mr. Lenartowicz was the Managing Director of View Resources Limited

Mr. Ralston was appointed to the board as a Non-Executive Director on 1 March 2011 and quickly became Managing Director as of the 1st of August 2011. Mike has been a Senior Executive Manager with extensive international experience over the last 20 years, working in both private and public companies in Australia, Africa and the United Kingdom. He has spent the past 7 years living in Australia, and he is now an Australian citizen, residing in Perth with his family. He has worked as Chief Finance Officer for four junior ASX-listed resource companies over that period, covering both senior management and board roles. Mr. Ralston has 15 years experience working in senior corporate and finance roles across the world and has held both executive management and Director positions with several ASX-listed resource companies since his move to Australia. As CFO of Kangaroo Resources, Mr Ralston was part of the management team which helped drive the company in the space of two years from a $5 million shell company with minimal value or assets to a company with a current market capitalisation of $600 million which is poised to become one of Indonesia’s big coal producers.

Mike is an aggressive, ambitious and energetic driver of the business with a strong delivery record and he is most suited to a dynamic growth environment. He is a team player but is also entrepreneurial by nature and he has wide commercial and management experience, particularly in the mining sector.

He can fulfill a wide scope of executive management functions including general management, financial management, corporate and strategy, reporting, fundraising, business development, company secretarial and shareholder relations.

22dMr. Hale was appointed as the Independent Non-Executive Director on the 12th of April 2011. Michael is a former public servant within the Cabinet Office for the state Government of Western Australia, with strong public and administration skills and experience.

His role at Balamara is primarily with governance, strategy and other corporate office affairs. He also plays a key role as an independent Director on the board.

Corporate Directory


Registered Office

100 Railway Road
Subiaco WA, 6008
ABN 84 061 219 985
P: +61 8 9380 9800

Share Registry

Link Market Services
Level 4
Central Park 152
St Georges Terrace
Perth WA 6000



ANZ Banking Corporation
Albert Avenue
Chatswood, NSW 2067

Structure of Balamara Capital Group