TIDMTSTR
Tri-Star Resources PLC
08 December 2017
8 December 2017
Tri-Star Resources plc
("Tri-Star" or the "Company")
SPMP outlines its senior management team
Strategic & Precious Metals Processing LLC ("SPMP") has
detailed its senior management team following the appointment of
Jason Peers as Interim Chief Executive Officer. Tri-Star owns a 40%
equity interest in SPMP.
SPMP's management team now comprises:
Jason Peers, Interim Chief Executive Officer. Jason was
appointed Interim Chief Executive Officer of SPMP on 28 November
2017 and, having been heavily involved in SPMP since its formation,
is perfectly positioned to bring the project into maturity. Jason
is also a Board Representative for Dubai Natural Resources Ltd, an
investor in SPMP.
As a career banker with three market leaders, Lloyds, Saudi
International Bank, and subsequently as a managing Director with
Barclays, Jason has managed a large number of major project
financings across the Middle East. Jason has been active in the
natural resources sector throughout his career as a banker,
consultant and, more recently, leading investments.
With decades of experience in the Middle East, Jason sits on the
International Project Finance Association (IPFA) Middle East
Council and previously sat on the Board of the Arab British Joint
Chamber of Commerce. He has a wealth of experience in the region
and is a major asset to the Company. Jason is fellow of the
Chartered Institute of Securities and Investment.
Mark Wellesley-Wood, Director. Mark is Executive Chairman of
Tri-Star and a Non-Executive Director on the Board of SPMP. Mark
has over 40 years' experience working across both the mining
industry and investment banking. He is a mining engineer, Fellow of
the Institute of Mining, Metallurgy and Materials and has also been
a director of Investec Investment Banking and Securities in London.
Mark also has extensive mining experience, being Executive Chairman
and CEO of South African gold miner, DRDGold Ltd. Mark will play a
crucial role in the ongoing operations and ramp-up of production in
the OAR.
Karen O'Mahony, Director. Karen is a Non-Executive Director of
Tri-Star and brings 15 years of experience in the purchasing,
monitoring and restructuring of businesses. Karen represents Odey
Asset Management on the Board of SPMP who have deep ties within the
metal industry. She will be working closely with SPMP's partner,
Traxys, who has a multi-year agreement for the supply of Antimony
and Gold concentrates to the OAR. Karen is also the Founder and
Managing Director of Private Equity Advisors Ltd.
Hussain Al Lawati, Vice Chairman. Hussain brings extensive
Banking and Finance expertise to the OAR project. He also holds the
position of Associate Director and Vice Chairman of Financial
Services at the Omani Investment Fund.
Gary Short joined SPMP early in 2017 and is Project Manager for
the OAR. He has 27 years' experience in the mining industry and
holds an NHD in Extractive Metallurgy and PMP qualification. Gary
has previously managed two greenfield gold projects in South Africa
and the DRC.
Brian Spratley is the General Manager of Technical. He has 47
years' experience in natural resources, having been involved in
exploration to production in the base metal and industrial minerals
industries. He has been integral to the development of the SPMP OAR
since the inception of the project. Brian has worked for both
established corporates and junior start-up companies involved in
exploration to production worldwide in the base metal and
industrial mineral industries.
Duan Anderson, as General Manager of Production has 20 years'
experience in extractive metallurgy with a degree in Chemical
Engineering. He has held numerous senior roles involved in mineral
processing and base metal refining. He previously worked at Lao PDR
for MMG in copper mining, mineral processing and refining. Duan
also worked for African American Platinum in South Africa, with
Platinum Group Metal (PGM) precious metals and base metals
refining.
Ali Al Lawati has been Chief Financial Officer of SPMP since
2015 and has been involved in professional Financial Management in
Oman for decades, working for the Omani Investment Fund, and gained
considerable experience as a Finance Manager with the Sohar
Refinery and an Omani oil refinery business.
Salik Khawaja has been General Manager of Commercial and
Contracts at SPMP since 2016. He has previously held executive
positions at Associated British Foods as well as BP Alternative
Energy's Emerging Consumer Markets as head of Product Development
and Supply Chain.
Alex Vallet joined SPMP in 2017 as Trade Manager and has had
broad experience in commodity trading at Vitol SA in downstream oil
and gas as well as ferrous and non-ferrous metal and concentrate
trading. Alex is a qualified chartered accountant and holds a
Masters in Strategy Management Accounting.
AbdulRahman Mohammed Al-Khaifi is Head of Human Resources at
SPMP and has more than 24 years' experience working across numerous
industries, including senior roles at Sohar Aluminum and Raysut
Cement.
Sean Spratley is SPMP's Environmental and ICT Manager. With 15
years' experience, he also worked for Tri-Star as Environmental
manager ensuring the company met the highest of HSE standards and
began his career at Golder Associates as a junior environmental
scientist.
Mark Wellesley-Wood, Executive Chairman of Tri-Star said:
"The OAR will be entering the market at an opportune time as
Chinese smelters come under increasing threat of closure on
environmental grounds and demand for flame retardants is forecast
to increase significantly.
"We are fortunate to have attracted a talented team capable of
turning this opportunity into a reality while supported by the
expertise residing in our Joint Venture Partners; Dutco Natural
Resources and the Oman Investment Fund.
"On its completion, the OAR will be the first of its kind in the
West for 50 years and, by employing new technology, the most
environmentally acceptable.
"We are setting out to change the market dynamics in this
commodity for the benefit of both our customers and shareholders
alike - and our team is up to the challenge."
Enquiries:
Tri-Star Resources plc Tel: +44 (0) 20
Guy Eastaugh, Chief Executive 3470 0470
Officer
SP Angel Corporate Finance Tel: +44 (0) 20
(Nomad and Broker) 3470 0470
Robert Wooldridge / Jeff Keating
Yellow Jersey (Financial PR) Tel: +44 (0) 776
Charles Goodwin / Julia Kalcheva 932 5254
/ Joe Burgess
This information is provided by RNS
The company news service from the London Stock Exchange
END
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