Katanga Mining Limited has announced the appointment of Mr. Mark Davis to the position of Chief Executive Officer of the Company, effective as of November 19, 2019. Mr. Davis was designated to act as CEO by Glencore International AG (“Glencore”) pursuant to the management services agreement between the Company and Glencore entered into in January 2019. Mr. Davis replaces Mr. Jeff Gerard as CEO and has assumed Mr. Gerard’s seat on the Company’s board of directors.
Mr. Davis has almost two and a half decades of experience in global mining companies, working within Australia, Africa and South America. Prior to joining Katanga, he was the Executive General Manager of MMG’s operational and growth objectives in Africa, Australia, and Asia. Prior thereto, Mr. Davis had general management responsibility for BHP Billiton’s aluminum smelting operations in South Africa. Mr. Davis holds a Bachelor of Engineering in Metallurgical Engineering from RMIT University in Melbourne, Australia.
“We are pleased to welcome Mark as CEO and look forward to working with him to continue driving Katanga’s business and operations. We thank Jeff for his contributions to Katanga, and wish him the best in his future endeavours,” said Hugh Stoyell, Non-Executive Chairman of the Company.
Hi predescessor, Mr. Gerard has a short stint as he was appointed Chief Executive Officer (CEO) of Katanga Mining Limited effective on May 2, 2019 and has over 40 years of experience in the mineral resources sector and was previously Chief Development Officer of Glencore Coal, based in Sydney, since Glencore’s 2013 merger with Xstrata plc. Prior thereto, Mr. Gerard served as Xstrata Coal’s Chief Operating Officer Americas from 2006 to 2007 (including a period of serving as Xstrata’s nominee on the board of directors of TSX-listed Erdene Resource Development Corp.) and Chief Operating Officer South Africa from 2007 to 2010. In addition to serving as the CEO of the Company Mr Gerard will serve as the Head of Glencore’s copper assets in the DRC and oversee the Glencore Group’s other operation, Mutanda Mining.
About Katanga Mining Limited Katanga Mining Limited operates a major mine complex in the Democratic Republic of Congo producing refined copper and cobalt. The Company has the potential to become Africa’s largest copper producer and the world’s largest cobalt producer. Katanga is listed on the Toronto Stock Exchange under the symbol KAT.