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THE BOARD OF DIRECTORS

Highly Experienced & Majority Independent Board

Martin Andersson

Executive Chairman

Appointed October 2016

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Michael Fraser

Chief Executive Officer

Appointed January 2022

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Gordon Wylie

Senior Independent Director

Appointed November 2017

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Robert Edwards

Independent Non-Executive Director

Appointed September 2018

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Robert Benbow

Non-Executive Director

Appointed July 2018

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Hussein Barma

Independent Non-Executive Director

Appointed December 2018

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Sandy Stash

Independent Non-Executive Director

Appointed May 2021

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David Mackenzie

Interim CFO

Appointed: January 2022

  • Over 15 years of management, accounting and corporate finance experience across Australia, Asia, Europe and Africa mainly in the natural resources sector.
  • Former Group Controller of Chaarat Gold Holdings Ltd.
  • Previously General Manager Finance at Alufer Mining Ltd.
  • Holds a Bachelor of Commerce degree from the University of Otago and is qualified member of CPA Australia.

Sandy Stash

Independent Non-Executive Director

Appointed May 2021

Skills, experience, and contribution

Sandy has over 35 years of international executive and non-executive board experience. Her professional career spans top leadership positions in general management, ESG, major projects, commercial negotiations, engineering and operations, supply chain management, HSE, and external affairs in both the energy and hard rock mining industries.  A petroleum engineer by training, Sandy was one of the first women to work as a drilling engineer at locations across North America.

Board committees

Sandy chairs the Board’s ESG Committee and is a member of the Board’s Technical and Nominations Committees.

External commitments

Sandy is a non-executive director of Diversified Energy Company plc and Trans Mountain Company.  Sandy is also a member of the board of governors of the Colorado School of Mines Foundation and serves in an advisory capacity and as a director for several not-for profits and privately-held, community firms.

David Tovmasyan

General Director Kapan (Armenia)

Appointed November 2018

20 years of operations management and engineering experience, including leadership roles and oversight of open pit, underground mining and ore processing operations. Previous experience with Freeport McMoRan, Zangezur CMC and Dundee Precious Metals (Kapan).

Dimitar Dimitrov

Senior Vice President, Exploration

Appointed January 2021

  • Over 30 years of experience in greenfield, brownfield exploration and development projects
  • Former VP Exploration of Euromax Resources with a major role in target generation, exploration and development of variety of projects in SE Europe as Ilovica porphyry copper-gold, KMC scarn gold-copper, Trun IRG gold, Breznik epithermal gold-silver, Babyak IRG gold-silver
  • Previously extensive exploration management experience with companies as Royal Gold Inc, Phelps Dodge, Silver & Baryte in SE Europe, Caucuses and Russian far east
  • Recently providing principal consultancy for Eldorado Gold, Assarel, Teck Cominco, Tara Resources

Hussein Barma

Independent Non-Executive Director

Appointed December 2018

Skills, experience, and contribution

A qualified lawyer and chartered accountant by background with over 20 years’ experience in senior positions in the mining sector, Hussein brings to Chaarat a wealth of experience in accounting, internal control, governance, risk management, and compliance.  Hussein has significant FTSE-50 senior executive experience, gained over 15 years as UK-based CFO at Antofagasta plc, where he led its UK presence through a period of change and growth as the UK-based chief financial officer.  He has also had earlier careers in professional services and academia.

Board committees

Hussein chairs the Board’s Audit Committee and is a member of its Remuneration and Nominations Committees.

External commitments

Hussein is an independent non-executive director and the audit chair of both Atalaya Mining plc and Fidelity Asian Values plc.  He is also a principal at Barma Advisory where he has worked on various assignments within the natural resources and other sectors.  He is an independent governor of the University of the Arts London.

Robert Benbow

Non-Executive Director

Appointed July 2018

Skills, experience, and contribution

A civil engineer with over 49 years’ experience in mining and 39 years in gold mining, Bob brings invaluable technical knowledge to Chaarat.  During his 49-year career, Bob has taken three greenfield gold developments into production, including Alacer Gold Corp.’s Çöpler Gold Mine in Turkey, which has produced over 2 million ounces as one of the lowest cost producers in the world. 

Board committees

Bob chairs the Board’s Technical Committee and is a member of its ESG and Nominations Committees.

External commitments

Bob is a Director/Owner of Powderhouse Gulch LLC (Colorado).

Robert Edwards

Independent Non-Executive Director

Appointed September 2018

Skills, experience, and contribution

A mining engineer with a degree from the Camborne School of Mines, Robert is the former chairman of Global Mining at Renaissance Capital and has also worked for HSBC and the Royal Bank of Canada.  He has worked in the natural resources industry for 28 years primarily in frontier and emerging markets, advising the managements of numerous companies on a range of industrial issues.  Robert brings to Chaarat his 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.

Board committees

Robert chairs the Board’s Remuneration Committee and is a member of its ESG, Technical, and Nominations Committees.

External commitments

Robert is currently an adviser to several private natural resource companies.

Gordon Wylie

Senior Independent Director

Appointed November 2017

Skills, experience, and contribution

A geologist by training, Gordon has more than 46 years’ experience in the mining industry and directly relevant experience of growing companies from exploration to production.  During his eight 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 a non-executive director of numerous junior exploration companies operating globally since leaving AngloGold Ashanti.  He was previously the chairman of Lydian International which was constructing a mine at the Amulsar open pit, heap leach, gold project in Armenia.

Board committees

Gordon is a member of ESG, Technical, Audit and Nominations Committees.

External commitments

Gordon is a non-executive director of Caledonia Mining Corporation Plc, the AIM-quoted gold mining company focused on Zimbabwe.

Patrick Henze

Vice President for Corporate Development & Investor Relations

Appointed January 2020

Mr. Henze has more than 10 years of mining investment, M&A, corporate and project finance expertise in the metals and mining sector, gained in corporate roles, private equity and investment banking. He was previously Investment Manager of Swiss based Fusion Capital AG where he played a major role in the management and sale of Lynx Resources Ltd. for USD 403m, a JV with Orion Mine Finance and led all investment activity for the Fund. Prior to that, he was responsible for the London based origination of natural resources financing & advisory at UniCredit Bank AG within the corporate & investment banking arm of the group completing transactions from USD 20m to USD 750m. Mr Henze holds a M.Sc. In Finance & Economics from Technical University GSO Nuremberg and University Malaya Kuala Lumpur.

Frances Robinson

Corporate Secretary

Appointed: January 2020

  • Over 20 years’ experience as a company secretary at UK listed companies.
  • Prior to moving into industry, she was a partner in a London law firm specializing in corporate law.
  • She is a solicitor admitted to practise in England & Wales.

Darin Cooper

Chief Operating Officer

Appointed June 2019

Mr Cooper joined Chaarat with more than 30 years’ experience in the metals and mining industry spanning operations, projects, restructuring and culture change. Immediately prior to joining Chaarat, Darin was Head of Mining at Fusion Capital, a Swiss investment firm, where he was responsible for due diligence of potential projects, assessment of early stage exploration projects, and development of capital and operating plans for proven development assets. Darin held senior roles at Nyrstar, the global multi-metals business, from 2012-2017, latterly as Vice President, Zinc Smelting. He has also served as COO of Talvivaara Mining Company (Finland) where he worked with the Finnish government, creditors and investors to secure financing options during their restructuring. Darin started his career at the Rio Tinto-Zinc Corporation. He obtained a BEng in Metallurgy from the University of Newcastle upon Tyne and an MBA from the Open University Business School, Great Britain.

Michael Fraser

Chief Executive Officer

Appointed January 2022

Mike brings over 20 years of extensive experience in the global mining and metals industry. In April 2018 he was appointed Chief Operating Officer of ASX-listed South32 Limited and prior to that he was President and Chief Operating Officer of its Africa region. During his time at South32 he has been directly responsible for the operations of underground mines, smelters, and project development. Throughout his career he has held a number of senior roles, including Human Resources President of dual LSE- and ASX-listed BHP Limited and Asset President of Mozal Aluminium in Mozambique.

Martin Andersson

Executive Chairman

Appointed October 2016

Skills, experience, and contribution

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 serving on the board of Siberian Coal Energy Company (SUEK), one of the largest thermal coal producers in Russia.

Martin first invested in Chaarat in 2011 and he intends (via Labro) to be a long term and supportive shareholder.

External commitments

Mr Andersson manages an active portfolio with an interest in real estate, financial services and information technology.

Martin Andersson

Executive Chairman

Appointed October 2016

Skills, experience, and contribution

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 serving on the board of Siberian Coal Energy Company (SUEK), one of the largest thermal coal producers in Russia.

Martin first invested in Chaarat in 2011 and he intends (via Labro) to be a long term and supportive shareholder.

Board committees

Mr Andersson chairs Chaarat’s Nominations Committee.

External commitments

Mr Andersson manages an active portfolio with an interest in real estate, financial services and information technology.

General inquiries

  • +44 (0)20 7499 2612
  • info@chaarat.com

Investor inquiries

  • +44 (0)20 7499 2612
  • IR@chaarat.com

Media Inquiries

  • +44 (0)20 7499 2612
  • media@chaarat.com

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