Globe Metals positioned for growth

Globe Metals and Mining, an Australian Stock Exchange (ASX)-listed company exploring for niobium at the multi-commodity Kanyika project in Mzimba, says it is positioned for growth following the appointment of two experienced executives.

In its fourth shareholder newsletter for October 2012, the miner’s chairperson Yi Shao announced the appointment of Fergus Jockel, as acting chief executive officer, replacing Mark Sumich.

“Jockel is strongly positioned to continue development of the our flagship Kanyika Niobium Project in Malawi, having gained over 30 years experience in mineral exploration and resource development both in Australia and overseas,” said Shao.

The company has also appointed Kerry Angel as chief financial officer and company secretary.

Her appointment has been described as timely for the company, “as we finalise the DFS [Definitive Feasibility Study] for the Kanyika Niobium Project and continue to pursue an aggressive growth strategy and move towards production”.

Kerry brings over 18 years experience working in senior finance roles with ASX listed and unlisted mining, mining services and energy companies.

She previously worked with Chesser Resources Limited, Bondi Ltd. Mining, Hot Rock and Whitehaven Coal Limited, amongst others, according to the newsletter.

“The new management has further strengthened the company’s internal control and risk management by improving internal policies and development strategy,” says the newsletter.

Globe is an African-focused resources company, specialising in rare metals such as niobium, tantalum and rare earths, as well as other commodities including graphite, fluorite, uranium and zircon.

Globe’s primary focus is Kanyika Niobium Project, which will produce ferro-niobium, a key additive in sophisticated steels.

The miner also owns 100 percent of the Machinga Rare Earth Project and the company is earning up to 90 percent interest in the Mount Muambe REE.