May 17, 2020

World Gold Council appoints David Tait as new CEO

Gold
gold mining
World Gold Cluncil
World Gold Council
Dale Benton
2 min
The World Gold Council has appointed its new Chief Executive Officer for 2019, as the organisation looks to navigate the shifting gold market landscape...

The World Gold Council has appointed its new Chief Executive Officer for 2019, as the organisation looks to navigate the shifting gold market landscape.

The market development organisation for the gold industry announced that David Tait will take up the position of CEO of World Gold Council, replacing the outgoing CEO after 10 years.

David will join the World Gold Council after a successful career in the financial services industry, in which he served as Global Head of Fixed Income Macro Products at Credit Suisse, as well senior trading roles at Credit Suisse and UBS Investment Bank.

Over an illustrious career, David has worked for Goldman Sachs, Bluecrest Capital, Peloton Partners and Citadel Europe. e is currently an Independent Member of the Bank of England’s FICC Market Standards Board.  David is also a major supporter of the NSPCC and has raised over £1 million by climbing Mount Everest on five occasions. He was awarded an MBE by the Queen for his services to the charity.

David will join the organisation on 7th January 2019 as CEO Designate for a transitionary period before becoming CEO on 25th February. He will succeed Aram Shishmanian, who has served as CEO over the past 10 years.

 

Related stories:

The World Gold Council launches 'Goldhub' platform for gold data, analytics and research

The World Platinum Investment Council: Putting platinum in pole position

Minerals Council Australia appoints new CEO

 

The Chair of the World Gold Council, David Harquail, commented: “I would like to thank Aram Shishmanian for the leadership role he has played over the past decade.  As CEO, he has transformed the World Gold Council into a truly influential organisation that has helped to stimulate and sustain the demand for gold globally. I am looking forward to working with David Tait to continue this important work.”

David Tait added: “This is a pivotal role for the gold industry and one that I am truly excited to take on. Global markets have undergone immense change over recent years and the case for investing in gold is as relevant today as it was for investors a century ago. I look forward to working closely with the members of the World Gold Council as we develop what is next for gold in these increasingly uncertain times.

 

 

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Jun 29, 2021

Vale invests $150mn to extend life of Manitoba operations

Vale
Nickel
Manitoba
battery metals
2 min
Vale’s $150mn investment in operations at Thompson, Manitoba will extend mine life by 10 years

Vale has announced a $150mn CAD investment to extend current mining activities in Thompson, Manitoba by 10 years while aggressive exploration drilling of known orebodies holds the promise of mining well past 2040.

Global energy transition is boosting the market for nickel

The Thompson Mine Expansion is a two-phase project. The announcement represents Phase 1 and includes critical infrastructure such as new ventilation raises and fans, increased backfill capacity and additional power distribution. The changes are forecast to improve current production by 30%.

“This is the largest single investment we have made in our Thompson operations in the past two decades,” said Mark Travers, Executive Vice-President for Base Metals with Vale. “It is significant news for our employees, for the Thompson community and for the Province of Manitoba.

“The global movement to electric vehicles, renewable energies and carbon reduction has shone a welcome spotlight on nickel – positioning the metal we mine as a key contributor to a greener future and boosting world demand. We are proud that Thompson can be part of that future and part of the low carbon solution.”

Vale continues drilling program at Manitoba

Coupled with today’s announcement, Vale is continuing an extensive drilling program to further define known orebodies and search for new mineralization.

“This $150mn investment is just one part of our ambitious Thompson turnaround story. It is an indicator of our confidence in a long future for the Thompson operations,” added Dino Otranto, Chief Operating Officer for Vale’s North Atlantic Base Metals operations.

“Active collaboration between our design team, technical services, USW Local 6166, and our entire Thompson workforce has delivered a safe, efficient and fit-for-purpose plan that will enable us to extract the Thompson nickel resources for many years to come.”

The Thompson orebody was first discovered in 1956 by Vale (then known as Inco) following the adoption of new exploration technology and the largest exploration program to-date in the company’s history.  Mining of the Thompson orebody began in 1961.

“We see the lighting of a path forward to a sustainable and prosperous future for Vale Base Metals in Manitoba,” said Gary Annett, General Manager of Vale’s Manitoba Operations.

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