ZUG, Switzerland, Nov. 20, 2019 /CNW/ - Katanga Mining Limited
(TSX: KAT) ("Katanga" or the "Company") today announces that the
board of directors has approved 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.
Hugh Stoyell, Non-Executive
Chairman of the Company, commented: "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."
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.
Forward Looking Statements
This press release may contain forward-looking statements.
Often, but not always, forward-looking statements can be identified
by the use of words such as "plans", "expects", or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or describes a "goal", or variation of such words and
phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will" be taken, occur or be
achieved.
All forward-looking statements reflect the Company's beliefs
and assumptions based on information available at the time the
statements were made. Actual results or events may differ from
those predicted in these forward-looking statements. All of the
Company's forward-looking statements are qualified by the
assumptions that are stated or inherent in such forward-looking
statements. Although the Company believes that these assumptions
are reasonable, these assumptions are not exhaustive of factors
that may affect any of the forward-looking statements.
Forward-looking statements involve known and unknown risks,
future events, conditions, uncertainties and other factors which
may cause the actual results, performance or achievements to be
materially different from any future results, prediction,
projection, forecast, performance or achievements expressed or
implied by the forward-looking statements. Although Katanga has
attempted to identify important factors that could cause actual
actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors
that cause actions, events or results not to be as anticipated,
estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements.
The Company disclaims any intention or obligation to update
or revise any forward-looking statements whether as a result of new
information, future events, or otherwise, except in accordance with
applicable securities laws.
SOURCE Katanga Mining Limited