Directors

The primary goal of the Directors and senior management of Chaarat Gold Holdings is to enhance shareholder value by becoming a leading mid-tier gold producer focused in Central Asia and the Former Soviet Union through a mixture of organic growth and selective acquisitions.

Martin Andersson

Executive Chairman

Appointment:  1 October 2016

Martin Andersson

Past roles

A graduate of the Stockholm School of Economics and HEC Paris, Martin worked in mergers and acquisitions at Booz Allen Hamilton and advised the Russian Government on its privatization programme. In 1993 he co-founded Brunswick Brokerage – a Moscow based investment bank that was later sold to UBS – initially holding the position of CEO and from 1999 as Chairman of the joint venture, Brunswick UBS Warburg. Between 2006 and 2013 he was a shareholder and served on the Board of Siberian Coal Energy Company (SUEK), one of the largest thermal coal producers in Russia.

Brings to the Board

Martin first invested in Chaarat in 2011 and he intends to be a long term and supportive shareholder. He brings to the Board his significant experience of Russia and the region and his contacts from an extensive network.

Other commitments

Martin manages an active portfolio with an interest in real estate, financial services and information technology. He is currently a director of Brunswick Real Estate S.A.R.L. and Central Atlantic Investment Holding LLC.

Martin Wiwen-Nilsson

Non-Executive Director

Appointment:  1 October 2016

Martin Wiwen-Nilsson

Past roles

Martin Wiwen-Nilsson spent 21 years at Goldman Sachs, where he was a Partner from 2008 to 2015. He held leadership positions in, amongst others, the global emerging markets business, the global commodities business and the global sovereign wealth fund business.

Brings to the Board

A unrivalled list of contacts from his Goldman Sachs connections and knowledge of global markets to source funds for Chaarat.

He is a member of Chaarat’s Remuneration Committee.

Other commitments

A close associate of the Chairman, he is also a director of Brunswick Real Estate S.A.R.L.

Richard Rae

Senior Independent Non-Executive Director

Appointment:  10 December 2013

Richard Rae

Past roles

As a managing director of ABN AMRO, Richard was responsible for the team engaged in research, sales and trading of Mid and SmallCap equities. In this role and before that as Head of UK Smaller Companies Research & Sales, he managed the liaison with the corporate broking and financial advisory departments.

Brings to the Board

Richard is an experienced City professional who brings his contacts and in depth understanding of the equity markets to the Board of Chaarat which will assist in the Company’s engagement and communication with its shareholders.

A Chartered Accountant, Richard is Chairman of both Chaarat’s Audit and Remuneration Committees.

Other commitments

He is a non-executive Director and member of the Audit Committee of Aberforth Smaller Companies Investment Trust plc, the largest investment trust within the UK Smaller Company sector. He is also a non-executive director and chairman of the audit committee of Maistro plc.

Gordon Wylie

Non-Executive Director

Appointment:  13 November 2017

Gordon Wylie

Past roles

During his seven years as a member of AngloGold Ashanti’s senior management team, Gordon was responsible for their global exploration programme, part of which included moving into new prospective, higher risk geographical regions. Gordon has been non-executive Chairman of Lydian International since its inception where he has overcome the challenges involved in moving an exploration company on to becoming a development company with a clear path towards production. Lydian is constructing a mine at the Amulsar open pit, heap leach gold project in Armenia.

Brings to the Board

More than 41 years in the mining industry and directly relevant experience of growing companies from exploration to production.

Gordon is a member of Chaarat’s Audit and Technical Committees.

Other commitments (non executive)

He is non-executive Chairman of Lydian International.

Artem Volynets

Executive Director

Appointment:  28 March 2018

Artem Volynets

Past roles

Artem has more than 20 years’ experience in mergers and acquisitions, capital markets, and senior corporate management roles.  From 2003 to 2013 he worked on the key transactions in the Russian aluminium and energy industries.

Brings to the Board

His M&A, capital markets and executive experience in the mining sector, combined with his global industry and investor connections in Russia and Asia, will be invaluable to progress the Chaarat Project and achieve further growth based on acquisitions in Central Asia and the FSU.

Other commitments

Artem founded ACG Amur Capital Group Ltd which is an advisory and investment management firm in 2014.  He is also a director of Norilsk Nickel, the world’s largest producer of palladium and one of the largest producers of nickel, platinum and copper.

Robert D Benbow

Executive Director

Appointment:  4 July 2018

Robert D Benbow

Bob’s primary responsibility is to develop and build the Tulkubash Project and oversee mining operations once in production. During his 40 year career Bob has worked with junior exploration companies to bring them into production and transform them into operating companies. He has taken three green field gold developments into production and from 2007 he served as the Vice President and Country Manager of Alacer Gold Corp.’s Çöpler Gold Mine in Eastern Turkey which has produced over 1 million ounces as one of the lowest cost producers in the world.

Bob built a team of expatriates and Turkish nationals to execute the successful start-up of Çöpler, which was initially developed as an open pit heap leach operation. The Çöpler mine is now moving into development of the refractory ore contained within the deposit. The two similar stages in Chaarat’s development will benefit directly from Bob’s relevant experience.

Dorian L. (Dusty) Nicol

Executive Director

Appointment:  13 November 2017

Dorian L. (Dusty) Nicol

Past roles

Dorian (known as Dusty) has 40 years’ experience at every stage of the mining process – from exploration to construction and development and management of mines and has built multi-disciplinary teams in a variety of cultures.  He works closely with the management team to realise the potential of the Board’s plans for the Chaarat Deposit, both in terms of the construction programme for the heap leach operation as well as further exploration of the Tulkubash oxides.  His experience with refractory ore will be invaluable to Chaarat when the oxide resource is in production and the Company seeks to expand further and develop the very substantial Kyzyltash refractory ore resource.

Brings to the Board

With a hands-on approach to support the exploration and construction of the Tulkubash Project and subsequent development of the Chaarat deposit, Dusty is Chairman of Chaarat’s Technical Committee and is also responsible for the technical evaluation of M&A targets.

Other commitments

Dusty is President and CEO of Azarga Metals Corp., a mineral exploration and development company, that owns 100% of the Unkur Copper-Silver Project in the Zabaikalsky province in eastern Russia.

Robert Edwards

Non-Executive Director

Appointment:  13 September 2018

Robert Edwards

Past roles

A graduate of the Camborne School of Mines, Robert has spent over 25 years in production mining, new business, equity research, investment banking, corporate advisory and senior board roles within the mining and wider natural resources sectors. He has lived and worked his entire career in frontier and emerging markets. Over the past decade his notable roles have been Chairman of Global Metals and Mining at Renaissance Capital, Senior Advisor at Royal Bank of Canada Capital Markets, Chairman of Sierra Rutile Ltd and non-executive Director of GB Minerals Ltd.

Brings to the Board

A deep sector knowledge of the FSU mining sector. Robert has played a central role in multiple IPOs, capital raisings and M&A transactions and is a well-known figure across the global mining investor base.

Other commitments (non executive)

Robert is currently an independent non-executive director and member of the audit and corporate governance and remuneration committees of MMC Nornickel. He also acts as an independent adviser to several private natural resource companies.