- Theta Gold Mines (TGM) has strengthened its management team by appointing two ex-Harmony Gold specialists
- Harmony Gold is Africa's largest gold mining company and has operations in South Africa and Papua New Guinea
- The company has appointed Mitford Mundell as CEO - Africa, and Jacques Du Triou and Chief Operating Officer (COO) - Africa
- Both Mitford and Jacques have extensive experience in the mining sector and specialise in mine expansion, risk assessment, strategic planning and project building
- Theta Gold is down a slight 1.96 per cent and shares are trading for 25 cents each
Theta Gold Mines (TGM) has strengthened its management team by appointing two ex-Harmony Gold specialists.
Harmony Gold is Africa's largest gold mining company and it has operations in South Africa and Papua New Guinea.
Theta Gold has appointed Mitford Mundell as CEO - Africa, and Jacques Du Triou and Chief Operating Officer (COO) - Africa.
Both Mitford and Jacques will begin on October 1, 2020.
Mitford Mundell has extensive experience in the mining industry and specialises on asset optimisation, project building, strategic planning, and stakeholder management.
At Harmony, Mitford began as a miner then moved up the ranks working a shift boss, mine captain, mine manager, General Manager, and Business Coach.
Mitford has also worked with some of Africa's other large mining companies such as Anglo American, De Beers Mining Corporation, and Namakwa Diamonds.
His most recent role was CEO of Namakwa Diamonds, a role in which he led the commissioning and expansion of the Kao Diamond Mine.
In this role, he delivered a new plant for the mine and turned it from making a loss to a profit.
Jacques Du Triou has more than 28 years experience in the South African mining industry and specialises in project and finance evaluations, risk assessment, construction, due diligence, and mine expansion.
During his time at Harmony he progressed to General Manager and led the Doornkop South Reed deepening project from feasibility to peak production.
After his stint at Harmony Gold, Jacques founded Qmotion Mining where he established the business as a successful contracting services provider.
"The appointment of Mitford and Jacques is a major coup for Theta Gold. Both have a strong skill set and proven experience in the South African mining sector and these could not be more aligned to our requirements, especially as we transition from mine developer to low cost gold producer," Chairman Bill Guy said.
"Both Mitford and Jacques have operated at all levels of the mining industry and are skilled in both open cut and underground mining. This is imperative for our project development, as it will allow the company to continue its work on the open pits while simultaneously assessing underground mining opportunities on already granted mining rights," he said.
"This will also allow the company to further refine and potentially extend its life of mine, optimise existing projects and consider the multiple options and permutations on tackling our six million ounce resource base," he added.
Theta Gold is down a slight 1.96 per cent and shares are trading for 25 cents each at 12:13 pm AEST.