KEFI Minerals reshuffle the board to head into gold production
The gold exploration and development company KEFI Minerals has announced an organisational restructure from August 2016, as part of the Company’s transition towards gold production.
KEFI, with projects in the Kingdom of Saudi Arabia and the Federal Democratic Republic of Ethiopia, will appoint Mr Mark Wellesley-Wood, experienced African mining operator, onthe Board as Non-Executive Director.
He will also serve as Chairman of the newly-created Technical Review Committee and Professor Ian Plimer will serve as Chairman of the newly-created Exploration Review Committee. The existing roles of Deputy Chairman and Senior Independent Director will pass from Professor Plimer to Mr Mark Wellesley-Wood as of January 2017.
The Board of Directors’ will establish its two new committees to independently review technical and exploration matters during the Company’s planned rapid expansion. This will allow Mr Jeff Rayner to step down from the Board and to focus on a more free-ranging role to identify value adding opportunities for KEFI’s next stage of development. Mr Rayner will also continue to advise and mentor the exploration team, which remains under Group Exploration Manager, Dr Fabio Granitzio.
These organisational changes represent big steps towards the company’s move into gold production.
Mr Harry Anagnostaras-Adams, Executive Chairman, said: “The planned changes to the Board of Directors announced today reflect our transition from exploration-only to emerging production as well as exploration,”
“KEFI is fortunate to have such a depth expertise from individuals adjusting their roles to suit the changing needs of the Company. We look forward to welcoming to the Board Mr Mark Wellesley-Wood, who has deep experience in African mining operations as well as mining finance in the City.”
KEFI has already installed strong development, community, finance and exploration teams and will next assemble the production operations team. The principal project contractors are market leaders Ausdrill/African Mining Services and Lycopodium.
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