Arc Minerals appoints ex Rio Tinto director to propel cobalt mine in Zambia
A multi-metal explorer and producer, with gold, copper and cobalt projects around the world, has announced that it has appointed a new CEO to advance its cobalt operations in Zambia.
Arc Minerals announced in a statement this week that it has appointed Don Baieler as the new Director of Arc Minerals, effective from 1 June 2018.
Bailey was formerly the head of mining operations at Rio Tinto in South Africa, South America and Europe. He also spent 30 years with Rio Tinto as Joint Global Head of Mining operations and oversaw the development of some of the company’s major international mine operations, including the Escondida mine and the Moro d’Oror mine.
In his new role with Arc Minerals, Bailey will lead the development of the company’s Zamsort project, which will include the commercial scale demonstration plant for processing copper and cobalt as well as driving the strategy to turning Zamsort into a world-class copper/cobalt opportunity.
Nick von Schirnding, Executive Chairman of Arc Minerals welcomed Bailey’s appointment, citing his experience as key to the future of Arc Minerals.
"Don Bailey brings a wealth of knowledge and experience to the ARC Board both in the corporate and operational arenas with more than 50 years in the industry,” he said. “Since late last year I have been working closely with Don and I have been greatly impressed by his drive and energy. I am delighted to strengthen our team with Don's arrival and look forward to reporting back to shareholders with further progress going forward."
Bailey’s appointment also saw the company’s shares rise 8.8% at the time of writing.