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International Coal CEO quits

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International Coal CEO Glenn Simpson has quit the miner.

Simpson stated that he will resign "due to health reasons".

He will continue with the company until 6 June, during which time he will help the company during the transition period.

International Coal will now start a search for a new chief executive, with executive director Hugh Dai to act as interim CEO until a new successor is appointed.

The miner has a number of tenements in Queensland's Bowen and Surat Basins.

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