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Feb. 23, 2022, 7:12 a.m. EST

South African Mining Veteran Riaan Vermeulen Appointed as Kamoa Copper's New Managing Director

Kamoa Copper continues to bolster senior leadership team with appointment of Zhang "Frank" Xingxun as Executive Director

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Kolwezi, Democratic Republic of Congo, Feb 23, 2022 (Newsfile Corp via COMTEX) -- Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - February 23, 2022) - Ivanhoe Mines /zigman2/quotes/207656050/delayed CA:IVN -1.60% (otcqx:IVPAF) President, Marna Cloete, announced today that Riaan Vermeulen has been appointed as Kamoa Copper's new Managing Director, effective June 1, 2022.

Riaan Vermeulen

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Mr. Vermeulen will work with Kamoa Copper's current CEO Mark Farren during a handover period to ensure a smooth transition prior to Mr. Farren's retirement.

Mr. Vermeulen has more than 32 years of underground and open-pit mining experience in various operational, project and technical management roles, including Acting Head of Mining: Base Metals for Anglo American.

His most recent role was Head of Projects with Debswana Diamond Company in Botswana, where he was responsible for all major projects, including Jwaneng Underground, Orapa Cut 3 and Orapa 2 plant expansion projects.

Prior to joining Debswana, Mr. Vermeulen was Head of Business Planning and Investments, Head of Technical and Head of Mining with De Beers. Prior to that he was Head of Mine Planning with Anglo Platinum.

Mr. Vermeulen previously worked closely with Mr. Farren at Anglo Platinum, where they designed and built Anglo Platinum's most efficient underground mine ─ the Middelpunt Hill Platinum Mine.

Mr. Vermeulen has experience across different commodities, including base metals (copper, zinc, lead, niobium and phosphates), precious metals (gold and platinum) and diamonds. He has multi-geographical experience working in South Africa, Botswana, Namibia, Chile, Brazil, Ireland and Canada. He holds a Master's degree in Mechanical Engineering and a Bachelor's in Mining Engineering. He also is a registered Professional Engineer in Botswana and South Africa.

Zhang "Frank" Xingxun

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Joining Mr. Vermeulen on Kamoa Copper's executive management team is Zhang "Frank" Xingxun as Executive Director.

Mr. Zhang is a long-serving senior executive with Zijin Mining, and has held senior management positions at Zijin's flagship Zijinshan Gold & Copper Mine and Smelter (Fujian), and Zijin's Kolwezi copper operations - La Compagnie Minière de Musonoie Global ("COMMUS").

During his career, Mr. Zhang has successfully implemented several large-scale technological projects for mine processing optimization, which has earned him numerous awards, including the Science and Technology Award issued by the China Nonferrous Metals Industry Association.

"We are thrilled to welcome Riaan and Frank into our family. Their seasoned experience will play an integral part in the next chapters of the Kamoa-Kakula growth story," said Ms. Cloete. "New expansions and exploration opportunities will allow us to continue to build a bigger and bolder mining complex. We are incredibly excited about what is yet to come."

About the Kamoa-Kakula Copper Complex

CA : Canada: Toronto
$ 9.24
-0.15 -1.60%
Volume: 736,248
Oct. 6, 2022 4:00p
P/E Ratio
Dividend Yield
Market Cap
$11.40 billion
Rev. per Employee
1 2
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