Australia’s Mineral Commodities CEO resigns owing to personal reasons

Australian Stock Exchange-listed minerals company Mineral Commodities has announced the resignation of its CEO Jacob Deysel.

Deysel also served as the Managing Director of the company and leaves his position for personal reasons.

However, BusinessTech Africa has discovered that Deysel will remain available in an advisory capacity, while CFO Adam Bick will assume the role of interim CEO, effective immediately.

Mining Weekly reports that Bick joined MRC in 2017 and became CFO in 2019.

“Deysel laid the foundation for MRC’s five-year strategic plan and the recent rights issue that was strongly supported by shareholders. He has worked hard on fostering strong relationships with shareholders and regulators, with the company now well placed to build improved profitability in its heavy minerals business and increase the asset value of its battery minerals business,” said MRC chairperson Brian Moller.

“The board is very grateful to Deysel and for his ongoing support and wishes him well in his future endeavours.”

Meanwhile, this website previously reported that following a disappointing mission to buy one of Canada’s biggest gold mines, Gold Fields CEO Chris Griffith has stepped down from his role.

BusinessTech Africa has discovered that, through a media release, Griffith has resigned from his position at Goldfields and the miner has expressed disappointment.

Under Griffith’s leadership, Gold Fields saw its plan or attempt to buy Yamana bungled and Chairman Yunus Suleman released a statement where he expressed their heartbreak.

However, Suleman thanked the outgoing CEO for his role in the company’s operations, saying he was a dedicated servant.

In another story on mining, BTA reported that one of the biggest players in the global mining industry, Glencore, says it will shut down 12 coal mines by the year 2035.

Glencore said, as the biggest natural resources business, it planned to close the mines as it released its annual results on Wednesday.

The mining company, Glencore said with 12 coal mine closures in the next 12 years, it was on track to reduce its Scope 1+2+3 CO2 emissions by at least 15% by 2026 and by 50% by 2035.

On behalf of the Swiss commodities company, CEO Gary Nagle said it’s important to transform their operations into modern times and decarbonise.