JOHANNESBURG, SOUTH AFRICA – Ivanhoe Mines Founder and Executive Co-Chairman Robert Friedland and President Marna Cloete today announced the retirement of Non-Executive Co-Chairman and Director Yufeng “Miles” Sun. In addition, the company is pleased to announce the appointment of Weibao “Webber” Hao as Ivanhoe Mines’ Non-Executive Co-Chairman and Director, effective today.
Mr. Sun was appointed to the Ivanhoe Mines’ Board of Directors in September 2018, following the first of two strategic investments made by CITIC Metal into Ivanhoe Mines totaling C$1.3 billion. CITIC Metal’s investment was transformational for Ivanhoe Mines, providing the necessary funding required to commence the construction of Kamoa-Kakula. Today, CITIC Metal continues to be Ivanhoe Mines’ largest shareholder at approximately 26%.
Mr. Sun joined CITIC Group Corporation (“CITIC Group”) in 1987 and his esteemed career spanned multiple senior management roles. Mr. Sun joined CITIC Metal, the group’s trading subsidiary, in April 1999 and was its General Manager until his recent retirement. Under his leadership, CITIC Metal was transformed into a leading Chinese commodities trading house in iron & steel, niobium, copper and aluminum. Mr. Sun also led many successful investments, most notably in Companhia Brasileira de Metalurgia e Mineração (CBMM of Brazil; the largest producer of niobium in the world), in the Las Bambas copper project in Peru, and in Ivanhoe Mines. CITIC Metal completed an initial public offering on the Shanghai Stock Exchange in April 2023 and currently has a market capitalization of approximately $6.1 billion.
Ivanhoe would like to thank Mr. Sun for his tremendous contributions during his tenure on the Board and wish him all the best in his retirement.
(L-R) Yufeng “Miles” Sun and Robert Friedland during a trip to China in 2023
Weibao “Webber” Hao replaces Mr. Sun as Ivanhoe Mines’ Non-Executive Co-Chairman and Director. Mr. Hao joined CITIC Group in April 2008 and has served in multiple senior management roles. He is currently Vice Chairman and General Manager of CITIC Metal, and Chairman and President of Hong Kong Stock Exchange-listed CITIC Resources, an oil & gas division of CITIC Group. Before joining CITIC Group, Mr. Hao held several senior positions in finance, project management, and trading at Sinopec Engineering Incorporation,UnitedPetroleumandChemicalCompanyLtd.
(L-R) Weibao “Webber” Hao with Robert Friedland
Ivanhoe Mines’ Executive Co-Chairman, Robert Friedland commented:
“Miles has been an exceptional Co-Chairman and invaluable leader during a dynamic period of growth and success for Ivanhoe Mines. CITIC's visionary investment of over one billion U.S. dollars laid the foundations for the development journey of the Kamoa-Kakula Copper Complex, and set us on the path to build the world's next great diversified mining company. We would like to thank Miles for his wisdom, partnership and tremendous support and wish him a very happy, fulfilling, and well-earned retirement.
“We would also like to warmly welcome Mr. Hao to our esteemed Board and are confident that his expertise and experience will be a great complement to our group of diverse and talented directors. His decades of experience in the natural resources industry, especially in developing international businesses in emerging markets, will be extremely valuable assets as we complete the Phase 3 expansion at Kamoa-Kakula and bring our Platreef and Kipushi mines into production next year. CITIC remains a critical shareholder in Ivanhoe Mines, and we look forward to continuing this industry-leading international partnership.”
About Ivanhoe Mines
Ivanhoe Mines is a Canadian mining company focused on advancing its three principal projects in Southern Africa; the expansion of the Kamoa-Kakula Copper Complex in the DRC, the construction of the tier-one Platreef palladium-rhodium-platinum-nickel-copper-gold project in South Africa; and the restart of the historic ultra-high-grade Kipushi zinc-copper-germanium-silver mine, also in the DRC.
Ivanhoe Mines also is exploring for new copper discoveries across its circa 2,400km2 of 90-100% owned exploration licences in the Western Foreland, located adjacent to, or in close proximity to, the Kamoa-Kakula Copper Complex in the DRC.
Vancouver: Matthew Keevil +1.604. 558.1034 London: Tommy Horton +44 7866 913 207
Tanya Todd +1.604.331.9834
南非约翰内斯堡—艾芬豪矿业创始人兼执行联席董事长罗伯特·弗里兰德 (Robert Friedland) 和总裁玛娜·克洛特 (Marna Cloete) 今天宣布，孙玉峰 (Miles Sun) 先生退休并卸任非执行联席董事长及董事职务。公司欣然宣布郝维宝先生 (Webber Hao) 从今天开始出任艾芬豪矿业的非执行联席董事长及董事职务。
弗里兰德先生评论道：“孙玉峰先生是一位杰出的联席董事长，长期引领艾芬豪矿业迅速成长并取得累累硕果。中信金属富有远见的战略入股艾芬豪矿业，投资金额超过10亿美元，助力了卡莫阿-卡库拉 (Kamoa-Kakula) 铜矿项目开发，其鼎力支持及精诚协作在顺利推进项目的发展进程中发挥了至关重要的作用，为我们成功挺进全球下一个伟大多元矿业公司奠定了坚实的基础。我们衷心感谢孙玉峰先生对艾芬豪矿业做出的巨大贡献，特别是他的智慧、合作伙伴精神和给予公司的巨大支持，并祝愿他的退休生活美满充实。”
“同时，我们热烈欢迎郝维宝先生加入艾芬豪董事会，相信他的专业知识和经验将为我们多元化的董事会带来智慧和动力。郝先生在自然资源行业，特别是在开拓新兴市场国际业务方面积累了数十年的丰富经验，将成为我们董事会重要一员，助力推进卡莫阿-卡库拉 III 期扩建、普拉特瑞夫 (Platreef) 和基普什 (Kipushi) 项目顺利投产。中信金属是艾芬豪矿业的重要股东，我们期待继续保持备受行业赞誉的良好合作关系。”
同时，艾芬豪矿业正在刚果(金)境内、毗邻卡莫阿-卡库拉铜矿项目的西部前沿 (Western Foreland) 探矿权内寻找新的铜矿资源。西部前沿探矿权占地2,400平方公里，由艾芬豪矿业全资拥有及持有90%权益。
温哥华﹕马修·基维尔 (Matthew Keevil)，电话﹕+1.604.558.1034
伦敦﹕托米·霍顿 (Tommy Horton) ，电话﹕+44 7866 913 207
坦尼娅·托德 (Tanya Todd) ，电话﹕+1.604.331.9834