Alphamin Resources Adds Two New Directors as IRH Strengthens Board Influence

Alphamin Resources Appoints New Non-Executive Directors Backed by Majority Shareholder IRH

JSE- and TSX-V-listed Alphamin Resources has appointed Ziad Mikhael and Salman Bhatti as non-executive directors, following a request from its majority shareholder, Alpha Mining, a subsidiary of International Resources Holding (IRH). The appointments remain subject to regulatory approval.

The changes come after IRH, an Abu Dhabi-based global mining company, acquired a 56% controlling interest in Alphamin through a definitive agreement with Tremont Master Holdings earlier this year.

Profiles of the New Directors

Both Mikhael and Bhatti currently serve in management roles at 2PointZero, an Abu Dhabi-based private investment company and the holding company of IRH.

Ziad Mikhael, Director of Investments at 2PointZero, brings extensive experience in investment banking, engineering, and large-scale project delivery. He has held positions with Chimera Investment, SHUAA Capital, and AECOM. Mikhael holds a BSc in Engineering from Queen’s University, an MSc in Engineering from Concordia University, and an MBA from INSEAD.

Salman Bhatti, Vice President of Investments at 2PointZero, has more than a decade of experience in investment banking, corporate finance, and restructuring, including roles at Chimera Investments, Deloitte, and KPMG. He holds a Master’s degree in Economics and is a member of the Association of Chartered Certified Accountants (ACCA).

To accommodate the new appointments, Alphamin adjusted its board structure. Eoin O’Driscoll and Jan Trouw resigned as directors, in line with the company’s constitution, which does not permit an expanded board size without a shareholder vote.

O’Driscoll will continue in his role as Chief Financial Officer, while Trouw will remain involved with Alphamin as a technical mining consultant.