Keep up with the latest executive movements across the mining sector, including Fortescue, Mineral Resources and Cyprium Metals.
Having just launched its new dedicated investment arm, Fortescue Capital, Fortescue Metals Group has also added a new chief executive officer (CEO) to its ranks.
Robert Tichio is heading up the new company and will be accompanied by a team of New York-based executives including Nathan Craig, Rael McNally and Jennifer Zarrilli.
Fortescue Capital has been labelled Fortescue’s “new green energy investment accelerator platform” with the responsibility to deliver “greater returns for shareholders”.
The Fortescue Capital board will consist of Tichio and Fortescue Energy boss Mark Hutchinson, alongside Jean Baderschneider and Mark Barnaba.
Mineral Resources (MinRes) has appointed Denise McComish to its board, bringing with her extensive financial and corporate experience in mining and energy sectors.
As a KPMG partner for 30 years, McComish served as the firm’s national mining leader, and wasa member of the KPMG Australia board.
McComish joins MinRes as an independent non-executive director, while also assuming the position of chair of the company’s audit and risk committee. She is also on the board of Gold Road Resources, Macmahon Holdings and WA Electricity Generation.
MinRes chair James McClements said he was delighted to welcome McComish.
“Her audit and advisory experience across a diverse range of sectors will be of significant value to MinRes as we continue to successfully deliver our growth strategy,” McClements said.
Aspiring gold producer Geopacific has appointed James Fox as its new CEO, with interim CEO Matthew Smith to move to chief financial officer and company secretary roles.
Geopacific believe Fox is the person needed to unlock the company’s 1.56-million-ounce (Moz) Woodlark gold project in Papua New Guinea.
“James’ skills and experience will be invaluable as we drive the next chapter of growth and shareholder value at Woodlark,” Geopacific chair Graham Ascough said.
“We have significantly de-risked the project’s development pathway and there is immense exploration upside which can further enhance its financial metrics.”
Fox said he was excited to join Geopacific.
“The 1.56Moz Woodlark project holds significant potential with a number of technical development components optimised, de-risked and advanced over the past 12 months,” Fox said.
“Woodlark is a technically de-risked development project with numerous opportunities for further resource expansion outside of the current pit-designs, to extend and further optimise the future production profile and financial metrics, allowing it to become a world class asset with premium returns for all our stakeholders.”
Cyprium Metals has made a suite of changes to its board, including Matt Fifield advancing from the position of interim chair to chair.
“I am pleased to reconfirm my commitment to build a best-in-class governance team by formalising my position as chairman of the Board and to announce that Ross Bhappu is joining the team as a non-executive Director,” Fifield said.
“Ross’s deep understanding of the copper market and corporate strategy and commitment to responsible mining adds additional depth to our board room.”
Bhappu is currently senior strategic advisory partner at Resource Capital Funds, and has served as chief executive officer of a development stage mining company in the past. He was also previously director of business development at Newmont.
Bhappu’s appointment coincides with the resignation of John Featherby as non-executive director.
Cyprium Metals is advancing its Nifty copper restart project in Western Australia.
Robert Mosig will not seek re-election as a non-executive director of Future Metals when the company convenes at an annual general meeting this week.
“Rob has advised that he is stepping down from the board to focus on his other roles which require an increasing amount of his time,” Future Metals chair Justin Tremain said.
“On behalf of the board, I would like to thank Rob for his efforts and service to the company over the past two-and-a-half years, providing valuable insight and experience to the company following the acquisition of the Panton project.”
Future Metals is advancing its Panton platinum group elements project in the East Kimberley region of WA.