Keep up with the latest executive movements across the mining sector, featuring Arrow Minerals and 29Metals.
Arrow Minerals, which has a market cap of just $4.5 million, has landed iron ore mogul David Flanagan as its new managing director.
Flanagan was the founding managing director of Atlas Iron at a time where the company built five new iron ore mines in a span of just five years. During Flanagan’s tenure, Atlas Iron transformed from a junior explorer to an ASX top 50 company.
Flanagan is also the former executive chairman of Delta Lithium and former MACA director.
Arrow Minerals is developing the Simandou North iron project in Guinea, which has returned high-grade intersections in exploration campaigns. Simandou North is located immediately along strike from Rio Tinto’s Simandou iron ore proect, which has a mineral resource of 2.8 billion tonnes.
Experienced director Jeff Dowling will also Arrow Minerals as its non-executive chair. Dowling held previous roles including director of Atlas Iron, chair of Sirius Resources and current non-executive director at NRW, Fleetwood and S2 Resources.
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29Metals managing director and chief executive officer (CEO) Peter Albert will retire from his role on April 30 2024, as part of the company looks to the future.
New leadership will help steer the company in a new direction after completion of the Capricorn copper recovery plan. It is also understood that Albert, who has been in the top spot since 2021, is eager to move into the next phase of his career.
As a result, 29Metals has begun searching for its next managing director and CEO.
“It has been an honour to serve as the managing director and CEO of 29Metals,” Albert said.
“The operating teams, the executive and the board have all been tremendously supportive through the formation and development of the company.
“There is much to do in this transition period, and that is our absolute focus, restoring the platform to take the company forward to realise and build on its potential. I have great confidence in 29Metals’ future and look forward to watching its future success.”
29Metals chair Owen Hegarty said that Albert had been indispensable in leading the company through its initial public offer, the challenges of COVID-19 and the flash flooding that shuttered the company’s Capricorn copper mine.
“The board, together with Peter, felt now was the right time to commence the transition, with a new managing director and CEO to come in and take 29Metals forward,” Hegarty said.
“In parallel to our search for the new managing director and CEO, Peter will continue to lead the company during the transition period, with the full support of the board and the team at 29Metals, focusing on the successful completion of the Capricorn Copper recovery, securing key regulatory approvals and delivering our plans at Golden Grove.”
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