Mining Personality - Copperbelt Katanga Mining

BHP CEO Mike Henry Foresees $250 Billion Copper Investment to Drive Industry Mergers 1

Soaring demand for copper will require an estimated $250 billion of investment over the next decade, fueling further mergers in the industry, according to BHP Group Ltd. CEO Mike Henry. In a Bloomberg Television interview, Henry highlighted the increasing challenges in finding and developing new deposits of critical minerals, which are becoming more costly and technically complex to manage. “This suggests a trend toward consolidation, with companies that have scale, strong balance sheets, and deep technical expertise, like BHP, being well-positioned to lead in the decades ahead,” Henry stated. Copper… Read More Here

International Mining Personality

Friedland Highlights China’s Reduced Reliance on US Amid Potential Trade Tariffs

November 13, 2024November 13, 2024 Constance0 comment

China has strategically reduced its exposure to the US economy since Donald Trump’s first presidential term, positioning itself to better withstand potential trade tariffs from the president-elect, according to Robert Friedland, co-chairman of Canadian miner Ivanhoe Mines Ltd. “China still holds significant leverage,” Friedland said in a Bloomberg TV interview from Sydney. “Its exports to the US are now much lower compared to the first Trump administration, meaning China is less vulnerable to US tariffs than it was seven or eight years ago.” As part of his manufacturing agenda, Trump… Read More Here

Mining Personality

Eurasian Resources Group announces leadership transition

October 4, 2024October 4, 2024 Constance

Eurasian Resources Group (“ERG” or “the Group”), a leading diversified natural resources group headquartered in Luxembourg, appoints Shukhrat Ibragimov as Chief Executive Officer. Mr Ibragimov, the former First Deputy Chief Executive Officer at ERG, succeeds Benedikt Sobotka, who has stepped down after over a decade of dedicated service. . Benedikt has facilitated a seamless handover and will remain available to the Group. The appointment of Shukhrat Ibragimov marks an exciting new chapter for ERG which is committed to advancing its operations and further enhancing its contribution to responsible resource development.… Read More Here

Press Release International Mining Personality

Trafigura Appoints Richard Holtum as New CEO, Effective January 2025

September 29, 2024September 29, 2024 Constance

Trafigura Group Pte Ltd (“Trafigura”) has announced that Richard Holtum will become Chief Executive Officer (CEO) of Trafigura, effective 1 January 2025 and will join the Trafigura Board of Directors from 1 October 2024. Jeremy Weir, Executive Chairman and CEO, will step down from his executive responsibilities on 1 January 2025 and will become Chairman of the Trafigura Group. Sipko Schat, Independent Non-Executive Director of the Board, said: “The Board of Directors unanimously selected Richard Holtum to lead the Trafigura Group. Richard has achieved extensive success in developing high-performing teams and… Read More Here

Mining Personality International

Jubilee Metals Appoints Dr. Reuel Khoza to Board, CFO Neal Reynolds to Resign

September 19, 2024September 19, 2024 Constance

Aim- and AltX-listed Jubilee Metals has appointed Dr. Reuel Khoza to its board while announcing the resignation of CFO Neal Reynolds. Reynolds will step down after the release of the company’s financial results, scheduled for the week of September 30, to pursue new opportunities. Riaan Smit, currently CFO of Jubilee’s chrome and platinum group metals (PGM) division in South Africa, will serve as interim CFO until a permanent successor is found. Dr. Khoza, set to join Jubilee in October, brings extensive experience from both public and private sectors, having held… Read More Here

Copper International Mining Personality

Glencore’s Peru boss Soyer to step down after Volcan sale

September 8, 2024September 8, 2024 Constance

Glencore’s head of Peruvian operations is stepping down from her position, according to two sources with knowledge of the matter. Victoria Soyer Toche, the general manager at Glencore Peru SAC, has resigned, the sources said. Veteran copper concentrates trader Alvaro Ilamas also recently left Glencore’s Lima office, according to same sources. Glencore declined to comment on personal moves. Her departure came after Glencore sold its stake in zinc-lead producer Volcan Compania Minera to Argentine group Integra Capital in May. The commodity giant owns stakes in major Peruvian copper mines such… Read More Here

Mining in DRC Gold Mining Personality

President Tshisekedi Appoints New Leadership at Primera Gold DRC SA

August 25, 2024August 25, 2024 Constance

On Wednesday, August 21, 2024, President Félix-Antoine Tshisekedi Tshilombo announced new appointments to the board and executive management of Primera Gold DRC SA via a presidential decree broadcast on national television (RTNC). Mr. Joseph Mahombi Kazibaziba has been reappointed as Director General, while Mr. Vagheni Pay Pay is reappointed as Chairman of the Board of Directors. The decree also introduces several new board members, including Mr. Placide Nkala Basadilua, former Director General of Générale des Carrières et des Mines (Gécamines). Nkala Basadilua is noted for his controversial tenure, which involved… Read More Here

Mining Personality Press Release

Changes to the ERG Board of Directors

July 18, 2024July 20, 2024 Constance

Eurasian Resources Group S.à r.l. (ERG) announces key changes to its Board of Directors to further develop and strengthen the company in response to global challenges and rapidly changing market conditions: –Mr. Shukhrat Ibragimov has been elected Chairman of the Board, serving since 2021. –Mr. Sabir Chodiev replaces Dr. Patokh Chodiev. –Mr. Eduard Surlevich replaces Dr. Alexander Machkevitch. -Representatives of the Government of the Republic of Kazakhstan, Deputy Prime Minister Mr. Serik Zhumangarin and Minister of Finance Mr. Madi Takiyev, will continue in their roles as board members. The contributions… Read More Here

International Mining Personality

Ivanhoe Mines Announces Results of Voting for the Election of Directors

July 3, 2024July 3, 2024 Constance

Vancouver, British Columbia – Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) announced the results of voting by shareholders for the election of the Board of Directors during the company’s Annual General Meeting held earlier today. The nominees listed in the management proxy circular dated April 29, 2024, were elected as directors, as shown in the following table of results. Director nominee Outcome Votes for % for Votes withheld % withheld Robert M. Friedland Elected 1,108,010,331 97.95% 23,141,698 2.05% Weibao (Webber) Hao Elected 1,101,989,319 97.42% 29,162,710 2.58% Tadeu Carneiro Elected 1,093,406,066 96.66%… Read More Here

Mining in DRC Governance Mining Personality

New Government Formed in Haut-Katanga Province

June 29, 2024June 29, 2024 Constance

Haut-Katanga province has established its new government, consisting of ten ministers appointed by Governor Jacques Kyabula Katwe. The appointments were announced on Thursday, June 27, in Lubumbashi. In the new provincial executive, Lucien Lumanu Mukadi has been named the Minister of Mines and Hydrocarbons, succeeding Toto Chansa Ilunga, who was dismissed from the government. Lucien Lumanu Mukadi faces several significant challenges in his new role, including ensuring the rights of communities living in mining areas and combating corruption within the extractive sector. This appointment follows the recent notification of Jacques… Read More Here