Beauxite-focused Canyon Assets has appointed Peter Secker as its new chief government, efficient from July 1.
Mr Secker will succeed Jean Sebastien Boutet, who will transition into a brand new function as the corporate’s chief business and company growth officer.
On this function, Mr Boutet will primarily be liable for working carefully with potential offtake companions, given the Subiaco-based junior is eager to deliver its flagship Minim Martap challenge in Cameroon on-line.
Previous to July, Mr Secker – who has substantial chief government expertise with public corporations in Australia, China, Canada, México and the UK – will undertake an advisory function with Canyon, with explicit emphasis on finalising Minim Martap’s definitive feasibility research.
Between 2015 and 2023, he labored as chief government of Bacanora Lithium and helped develop the Sonora lithium challenge, positioned in northern México.
“As the worldwide demand for bauxite grows and provide shortages loom, the strategic significance of this useful resource is changing into ever extra obvious,” Mr Secker mentioned.
“Canyon is exceptionally well-positioned to capitalise on these market dynamics, and I’m excited to contribute to unlocking the complete potential of the Minim Martap challenge.
“I stay up for collaborating with the board, Jean Sebastien, and the broader Canyon workforce to remodel this imaginative and prescient into actuality and ship lasting worth for our shareholders.”
That is Canyon’s second vital appointment within the area of a month, with Kudzai Mtsambiwa becoming a member of as chief monetary officer on January 16.
Final week, the junior introduced that its main shareholder, Eagle Eye Asset Holdings, had agreed to underwrite the acquisition of rolling inventory at Minim Martap – which included 22 locomotives and 550 wagons.
On Tuesday, Canyon additionally confirmed that the Cameroon authorities had accredited the placement for its inland rail facility, with its subsidiary Camalco Cameroon being allotted 105 hectares of land by the lamido of Ngauondere, which will likely be used for future additions to its rail community.
Canyon closed commerce down 6 per cent to 22 cents.
