Katanga Mining Enters Management Services Agreement With Glencore International, Names New CEO and CFO
2019年1月18日 - 08:34AM
Dow Jones News
By Stephen Nakrosis
Katanga Mining Ltd. on Thursday said it entered into a
management services agreement with Glencore International AG, and
named a new chief executive and a new financial chief.
Danny Callow was named CEO, Katanga said. He was head of Africa
copper operations at Glencore, a position he had held since January
1, 2015. Prior to that, Mr. Callow was CEO of Mopani Copper Mines
PLC, a Glencore subsidiary, until December 2014.
Paul Smith, Katanga's new CFO, joined Glencore PLC in July 2011
and since 2013 was head of strategy there.
Mr. Callow and Mr. Smith are being provided to Katanga by
Glencore International pursuant to the management services
agreement.
Grant Sboros, Katanga's current CFO, will continue in his role
as site CFO of Katanga's 75%-owned operating subsidiary, Kamoto
Copper Company SA. Samuel Rasmussen, Katanga's current COO, will
assume the role of managing director of operations at Kamoto.
Under the terms of the management services agreement, Glencore
will make personnel available to Katanga, and will provide
administrative, financial and other management services to manage
and support the operations of Katanga and its subsidiaries, and to
support Katanga's governance and reporting to the board and
shareholders, the companies said.
Glencore International is the majority shareholder in Katanga
Mining, which operates a major mine complex in the Democratic
Republic of Congo, producing refined copper and cobalt.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
January 17, 2019 18:19 ET (23:19 GMT)
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