Sir Mick Davis, former head of Xstrata Alloys, is to become chairman in the coming days. Ferro-Alloy Resources Ltd (LON:FAR) shares were boosted as it banked investment from Vision Blue Resources, named its next chairman and provided an update on its Balausa vanadium concentrate project in Kazakhstan. Vision Blue has made a US$1.6mln investment in the company, taking its total investment US$3.1mln. Sir Mick Davis has been appointed as chairman, due to start after June 3. The company noted that Davis was formerly head of Xstrata Alloys, one of the world’s largest vanadium producers. Davis, in a statement, said: “Since Vision Blue's initial investment in March we have worked closely with the team at FAR to identify areas where we can work together to optimise the Balausa Project feasibility study to maximise value and reduce development risks.