Today' Focus

        Apple never fails to surprise its consumers and woo them with uniquely featured products. Following the legacy, it has recently unveiled a new line of MacBook Air laptops made out of 100 per cent recycled aluminium. Therefore, the weight of the devic...

International News

    Canyon appoints Mr. Tolga Kumova as strategic advisor for its Minim Martap bauxite project

  • China Aluminium Network
  • Post Time: 2018/11/8
  • Click Amount: 162

    The Australia-based bauxite explorer Canyon Resources announced on November 5 that it appointed a leading mining entrepreneur Mr. Tolga Kumova, who ranked no. 26 on Financial Review’s Young Rich List this year, for the role of strategic advisor.

    As per the job role assigned, Mr. Kumova will help with the development of Canyon’s bauxite project Minim Martap in Cameroon, by providing strategic direction and advice in relation to the project’s key development activities. Besides, he will be responsible for marketing, sales, and price strategies for bauxite.

    Mr. Kumova’s appointment in Canyon Resources is intended to ramp up the development of Minim Martap project. In fact, the news of his appointment already moved up the shares by 2 per cent to 22c on Tuesday, November 6.

    Mr. Kumova is well-known as former managing director and founding shareholder of Syrah Resources, overseeing the company from a tiddler through to a top 200 ASX-listed mining company. He had even created a record by raising more than $500 million for that company, most of which had projects in Africa.

    Canyon boss Phillip Gallagher said, “Mr. Kumova will open doors to leading investment banks, funds, and off-take groups."

    Mr. Kumova, in the meanwhile, also shared his kind words about the company and its project. He believes Canyon’s world-class Minim Martap project will attract significant interest from major aluminium industry participants globally.

    As part consideration for his services, Mr Kumova will receive three tranches of 10 million options which will convert to shares once Canyon’s share price hits 35c, 60c and $1, respectively, within four years.

    Source: www.alcircle.com
      Copyright and Exemption Declaration :①All articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ②Articles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ③If any articles copied by our website concern the copyright and other problems, please contact us within one week.