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- Magnetite Mines (MGT) appoints Tim Dobson as its new Chief Executive Officer, effective immediately
- Mr Dobson has more than 30 years of experience in senior leadership roles and was most recently CEO of Heron Resources
- He has held a number of executive leadership, CEO and Managing Director roles with Norilsk Nickel, Lihir Gold, Anova Metals, Polymetals and Kimberly Rare Earths
- Mr Dobson will be taking over from acting CEO Stephen Weir, who will resume his prior role as Chief Development Officer
- Magnetite Mines is up four per cent on the market with shares trading at 2.6 cents at 12:05 pm AEST
Magnetite Mines (MGT) has appointed Tim Dobson as its new CEO, effective immediately.
Mr Dobson has more than 30 years of experience in senior leadership roles and was most recently CEO of Heron Resources.
Prior to that, he was with Sherritt International Corporation for six years and was President of the Ambatovy nickel operations in Madagascar.
He has held a number of executive leadership, CEO and Managing Director roles with Norilsk Nickel, Lihir Gold, Anova Metals (AWV), Polymetals (POL) and Kimberly Rare Earths.
“Magnetite Mines has a great team and exceptional assets, with a development timetable that is poised to meet the rapidly changing needs and decarbonisation agendas of the global steel industry,” Mr Dobson said.
“My focus will be on developing the Razorback iron ore project and realising the significant value potential of this world-class resource.”
Mr Dobson will be taking over from acting CEO Stephen Weir, who has served in the role since April while a search for a more permanent holder was underway.
Mr Weir will resume his prior role as Chief Development Officer where he has been since October 2020.
In this role, he delivered the Razorback iron ore project pre-feasibility study on time and on budget and advanced the definitive feasibility study that is currently underway.
“This appointment is the outcome of an extensive recruitment process, commenced in April, that attracted an exceptional field of internal and external candidates. I would like to thank Stephen for his outstanding work as Acting CEO in the interim,” Magnetite Chair Mark Eames commented.
“We are excited to have Tim join Magnetite Mines at an important point in the company’s development as we take our Razorback iron ore project on a pathway into operation.
“Tim brings a wealth of experience working with large, complex international projects and working effectively with stakeholders to maximise value for shareholders.”
Magnetite Mines was up 4 per cent on the market with shares trading at 2.6 cents at 12:05 pm AEST.
