(Sharecast News) - Zanaga Iron Ore announced the appointment of chief executive officer Martin Knauth to the board on Wednesday, as well as Phil Mitchell as a non-executive director.
The AIM-traded firm said Knauth, who assumed the CEO role in November 2023, had brought more than three decades of global mining experience, including senior roles at Vale, Glencore, Sherritt Metals International, KAZ Minerals and Western Mining Corporation.
His background included project leadership across Africa, Australia, the Pacific, Central Asia, and the Americas.
He holds degrees in mining engineering and mineral economics, and is a fellow of the Australasian Institute of Mining and Metallurgy.
Mitchell was meanwhile joining the board as a representative of Greymont Bay, following its recent investment in Zanaga.
He previously held senior roles at Rio Tinto, including leading the transformation of its iron ore division and later serving as head of business development.
Mitchell is currently chief financial officer at I-Pulse Group and chairman of AIM-listed Aura Energy.
Zanaga and Greymont Bay had proposed entering into a relationship agreement, which would formalise Greymont Bay's right to appoint a director to the board.
Mitchell's appointment marked the first such nomination.
"I am delighted to welcome both Martin and Phil to the board - their vast experience across the mining industry will prove invaluable in supporting the company during this pivotal and exciting period," said chairman Clifford Elphick.
"Martin's work as CEO has already delivered significant value, notably with the private placing announcement in the first quarter of 2025, and he continues, with the support of Andy Trahar and the ZIOC team, to drive the four key work streams which have been identified as having the potential to result in high impact value improvement outcomes for the Zanaga Project.
"I look forward to working further with Phil, as a representative of Greymont Bay, to extend the partnership between ZIOC and its cornerstone investors."
At 1327 BST, shares in Zanaga Iron Ore Company were up 0.14% at 7p.
Reporting by Josh White for Sharecast.com.
Zanaga Iron (ZIOC)
