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- OreCorp (ORR) appoints Henk Diederichs as CEO and Managing Director to lead the next phase of development at the Nyanzaga gold project in Tanzania
- He will replace Matthew Yates who will assume the role of Executive Chairman following the departure of Craig Williams
- Both Mr Diederichs and Mr Yates will assume their respective roles at the completion of the company Annual General Meeting
- Mr Diederichs’ remuneration package includes a $450,000 salary and superannuation while Mr Yates’ remuneration package includes a salary of $485,000 and superannuation
- Shares in OreCorp are up 4.76 per cent to close at 33 cents
OreCorp (ORR) has appointed Chief Operating Officer Henk Diederichs as CEO and Managing Director to lead the next phase of development at the Nyanzaga gold project in Tanzania.
He will replace Matthew Yates who will assume the role of Executive Chairman following the departure of Craig Williams at the completion of the company’s Annual General Meeting.
Mr Diederichs initially joined the company as Vice President of Project Development in 2016 and was instrumental in leading Nyanzaga through its scoping and pre-feasibility study phases.
He has more than 20 years of extensive operational and project development experience in the mining industry, especially in Africa.
Before OreCorp, Mr Diederichs was part of the team responsible in the successful development and operation of the Lumwana copper mine in Zambia for Equinox Minerals.
The mine became one of Africa’s largest open-cut copper mines and was later acquired by Barrick Gold Corp for $7 billion in 2011.
Commenting on Mr Diederichs’ appointment, Mr Yates said he is an exceptional individual who has made an outstanding contribution to OreCorp in recent times.
“He has strong leadership skills and extensive technical and operational experience, making him an ideal candidate to lead the company into its next phase,” he said.
“In conjunction with the appointment of Michael Davis last month, OreCorp’s refresh and reset of the board and senior management will position it strongly as it transitions from developer to producer.”
Commenting on his own appointment, Mr Yates said he is “genuinely honoured” to take on the role of Chairman.
“Henk and I will work closely together and share responsibility for taking the company forward to progress one of the world’s best undeveloped gold projects at Nyanzaga,” he said.
Mr Diederichs’ remuneration package includes a $450,000 salary and superannuation while Mr Yates’ remuneration package includes a salary of $485,000 and superannuation.
Shares in OreCorp were up 4.76 per cent to close at 33 cents.
