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- South Harz Potash (SHP) appoints Luis da Silva as Managing Director and CEO, effective November 1
- Mr da Silva’s priority is to lead the company in its aim to supply potash to the European and international markets with his immediate focus on the Ohmgebirge deposit
- SHP says Mr da Silva’s 30-year experience in executive and leadership positions, specifically in the phosphate and fertiliser sectors over the last 15 years, stood out
- His appointment will result in acting Executive Chairman Ian Farmer stepping back to his previous role as Non-Executive Chairman
- Shares in South Harz Potash are down 5.08 per cent to close at 5.6 cents
South Harz Potash (SHP) has appointed Luis da Silva as Managing Director and CEO, effective November 1.
His priority is to lead the company in its aim to supply potash to the European and international markets with his immediate focus being the evaluation and optimisation of the company’s strategy for its flagship Ohmgebirge deposit.
The company said it was drawn by Mr da Silva’s 30 years of experience in executive and leadership positions within the mining industry, specifically the phosphate and fertiliser sectors over the last 15 years.
Most recently, he was the President and CEO of Andean Precious Metals, a Latin American silver producer.
“He brings extensive natural resources business leadership experience and a track record of successfully funding and advancing significant mining assets across the world,” acting Executive Chairman Ian Farmer said.
Commenting on his appointment, Mr da Silva said the company has all the necessary components of a highly successful and valuable natural resources business.
“The South Harz Project is world-class by scale, geology, projected operating cost and proximity to end markets,” he said.
“I look forward to working with the entire South Harz team to drive its rapid advancement towards development and I am resolutely focussed on adding substantial shareholder value through this journey.”
Mr da Silva was the President and CEO of African-focused Mano River Resources and African Aura where he was pivotal in the business restructuring program which created the iron ore developer Afferro Mining which was acquired by International Mining and Infrastructure Corp.
The appointment of Mr da Silva will result in Mr Farmer stepping back to his previous role as Non-Executive Chairman.
His remuneration package includes a £225,000 (A$406,000) base salary including superannuation.
He is currently residing in the UK and will divide his time between the company’s Erfurt office in Germany and the UK.
Shares in South Harz Potash were down 5.08 per cent to close at 5.6 cents.
