Ivanhoe Mines and Kamoa Copper strengthen Executive Leadership Teams with key appointments ■ Ivanhoe appoints President Marna Cloete as President & Chief Executive Officer ■ Annebel Oosthuizen appointed as Kamoa Copper’s new
February 24, 2025
Ivanhoe Mines and Kamoa Copper strengthen Executive
Leadership Teams with key appointments
■
Ivanhoe appoints President Marna Cloete as
President & Chief Executive Officer
■
Annebel Oosthuizen appointed as Kamoa Copper’s new
Managing Director; Tom van den Berg joins Kamoa as Senior
Executive, Operations
HOLLYWOOD, FLORIDA – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Executive Co-Chair
Robert Friedland announces today at the BMO Global Metals, Mining & Critical Minerals
Conference key appointments to strengthen the Executive Leadership Teams of
Ivanhoe Mines and the Kamoa-Kakula Copper Complex in the Democratic Republic of
the Congo (DRC).
Marna Cloete, currently President of Ivanhoe Mines, has been appointed as President &
Chief Executive Officer, reflecting nearly two decades of experience in building the
Company to become a major, diversified metals producer.
At the Kamoa Copper Joint Venture, Annebel Oosthuizen has been appointed as
Managing Director, replacing Riaan Vermeulen. Ms. Oosthuizen previously served as
Chief Executive, Commercial and has been an instrumental executive in the joint
venture for 10 years.
Tom van den Berg has been appointed as Senior Executive, Operations for Kamoa-
Kakula bringing with him decades of experience in mining development and operations,
previously with Sibanye-Stillwater.
Ivanhoe Mines Executive Co-Chair, Robert Friedland commented:
"I would like to offer my profound congratulations to Marna Cloete on her appointment
as President & Chief Executive Officer of Ivanhoe Mines.
"Marna’s success is the best example of our greatest asset – our culture. She has
driven this company forward tirelessly and with great tenacity, while building around
her a world-class team of decision-makers who are never wrapped up in bureaucracy.
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She has created a mining company with a heart and compassion – building sustainable
operations driving positive, lasting impact in the communities in which we operate.
"It has been a pleasure for me to have a front-row seat over 19 years and witness her
growth and evolution from joining the company in a finance position, to becoming our
Chief Financial Officer for over ten years and more recently an exceptional President of
Ivanhoe Mines. Today she is deservingly recognized as one of the world’s foremost
mining business leaders.
“As we move forward, Marna will continue to drive Ivanhoe Mines into our next era of
extraordinary growth. The best is yet to come!"
Ivanhoe appoints President Marna Cloete as President & Chief Executive
Officer, effective immediately
Ms. Cloete joined Ivanhoe Mines in 2006 with a
background as a Chartered Accountant (CA) and a
Master’s Degree in Taxation. She has played a vital
role in the company’s evolution, serving as Chief
Financial Officer from 2009 to 2020. She has been
the President of Ivanhoe Mines since April 2020.
During this time, Ms. Cloete’s financial acumen,
visionary leadership and approach to stakeholder
relations laid the groundwork for Ivanhoe Mines’
sustainable growth and global success.
Marna has been instrumental in driving some of the
mining industry’s most significant achievements.
Under her leadership, Ivanhoe Mines successfully
developed and launched production at the Kamoa-
Kakula Copper Complex in the DRC, today one of
the world’s fastest growing, highest-grade and
greenest major copper mines. She also guided the
rehabilitation and reopening of the Kipushi Mine,
renowned for its ultra-high-grade zinc, copper, germanium and silver deposit. In
addition, Ms. Cloete continues to oversee the development of the Platreef Project in
South Africa, one of the world's largest undeveloped precious metals projects, which
includes platinum, palladium, rhodium, nickel, gold and copper.
A champion of education and local empowerment, Marna also spearheaded the
establishment of the Kamoa Centre of Excellence in October 2023. This higher-
education facility, launched in collaboration with the DRC Government and President
Félix Tshisekedi, is dedicated to nurturing the next generation of mining leaders in
Africa.
President & Chief Executive Officer, Marna Cloete, commented:
“It has been the journey of a lifetime being part of Ivanhoe Mines’ organic growth from a
junior exploration company to one of the world’s most successful builders of mining
projects and the largest producers of critical metals.
Marna Cloete, President & Chief
Executive Officer, Ivanhoe Mines
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“When I joined Ivanhoe, there were fewer than one hundred employees in the entire
organization, and I look today with enormous pride at a company with a full-time
complement of over 7,500 dedicated people across our operations, and over 30,000
including contractors, and many thousands of lives more positively impacted by our
activities.
“This company, more than anything, is built on exceptional individuals with shared
values and a commitment to building a mining company with a fresh approach –
including the hardware of exploration, mine building and operations, but also the
software – our approach to nurturing talent, improving our communities and fostering
positive and lasting relationships with our host governments.
“I am particularly proud at our company’s track record in identifying, developing and
retaining exceptional talent – and the appointments we have announced today are
evidence of that – including the richly deserved promotion of Annebel Oosthuizen to
Managing Director of our flagship Kamoa-Kakula Copper Complex.”
Ivanhoe Mines President and Chief Executive Officer, Marna Cloete (left), with
Founder and Executive Co-Chairman Robert Friedland during a visit to Kamoa-
Kakula
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Kamoa Copper makes key appointments to further strengthen the
management team
Annebel Oosthuizen will succeed Riaan Vermeulen as
Managing Director at the Kamoa Copper Joint Venture. Ms.
Oosthuizen was appointed as the Chief Executive,
Commercial for Kamoa Copper in September 2022. Prior to
this, she joined the Kamoa-Kakula project in 2015 and served
in progressively senior roles within the finance department,
including as Executive, Finance.
Ms. Oosthuizen has 18 years of financial management
experience in the mining sector across Africa. She was
appointed to Kamoa Copper’s Executive Committee in 2020
and has served a critical role in ensuring a seamless and
successful transition of Kamoa-Kakula from development
project into an operating mining complex, building from
scratch a world-class team and developing capabilities to
manage an operation with annual sales of over $3 billion,
while also overseeing complex commercial agreements and
logistical flows across the African continent. Ms. Oosthuizen has diligently managed
approximately $6 billion in capital investment to date at Kamoa-Kakula, including the
self-financing of the Phase 2 and Phase 3 expansions, as well as the recently completed
smelter.
(L-R) Dodo Mbay Executive, Concentrators, Kamoa Copper; Annebel Oosthuizen,
Managing Director, Kamoa Copper; and Riaan Vermeulen, outgoing Managing
Director, Kamoa Copper, holding first concentrate from the Phase 3 concentrator
in June 2024.
Annebel Oosthuizen
Managing Director
Kamoa Copper SA
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Ivanhoe Mines would like to extend our gratitude to Riaan Vermeulen for his
contributions in the rapid growth of Kamoa-Kakula and wish him well in his future
endeavors. Mr. Vermeulen joined the Kamoa Copper Joint Venture as Managing Director
in June 2022, and oversaw the ahead-of-schedule delivery of Kamoa-Kakula’s Phase 1
and 2 debottlenecking program, as well as the ahead-of-schedule delivery of the Phase
3 expansion, which produced first concentrate in June 2024. Mr. Vermeulen also has
been instrumental in the long-term planning for Kamoa-Kakula’s Phase 4 expansion,
and the new life-of-mine integrated development plan for the complex, which is
expected to be released in Q2 2025.
Tom van den Berg will join Kamoa Copper as Senior
Executive, Operations, with 36 years of mining and
development experience across South Africa in numerous
operational leadership and management roles. Most recently
Senior Vice President, Mining Strategy and Technology, for
Sibanye Stillwater Group Technical; also as an Executive of
Safety, Mining Technical with Harmony Gold; and Head of the
Zero Harm Initiative for Anglo American Platinum. This was
preceded by 10 years as an Operational Mining General
Manager on large complex mining operations for Anglo
American.
Mr. van den Berg brings extensive underground and open-pit
mining expertise and has experience developing strategic
long-term operating partnerships and leading award-winning
community and stakeholder engagement programs.
Mr. van den Berg holds a Master’s degree in Business Leadership and a Bachelor’s
degree in Mining Engineering . He also is a Fellow at the Southern African Institute of
Mining and Metallurgy.
Ms. Oosthuizen and Mr. van den Berg will serve as Ivanhoe Mines ’ senior management
designees in the Kamoa-Kakula joint-venture.
Tom van den Berg
Senior Executive, Operations
Kamoa Copper
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Aerial view of the recently completed direct-to-blister copper smelter. The
smelter has a nameplate capacity of 500,000 tonnes per annum of approximately
99%-pure blister copper.
A key milestone was recently achieved at the on-site smelter, as concentrate
from Kamoa-Kakula has started to be stockpiled into the smelter concentrate
storage shed.
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160 slag ladles being overturned using a stack-handler in preparation for
transport to the slag processing plant.
Aerial view of the main smelter building with gas handling plant and substation
in the foreground. Construction of the smelter complex is now complete.
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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 ramp-up of the ultra-high-grade Kipushi zinc-copper-germanium-silver mine,
also in the DRC; and, the phased development of the tier-one Platreef palladium-nickel-
platinum-rhodium-copper-gold project in South Africa.
Ivanhoe Mines is also exploring across its highly prospective, 60-100% owned
exploration licences in the Western Forelands, covering an area over 5 times larger than
the adjacent Kamoa-Kakula Copper Complex. Ivanhoe is exploring for new sedimentary
copper discoveries, as well as expanding and further defining its high-grade Makoko,
Kiala, and Kitoko copper discoveries as the company’s next major development
projects.
About Kamoa Copper
The Kamoa-Kakula Mining Complex is operated by Kamoa Copper, a joint venture
between Ivanhoe Mines (39.6%), Zijin Mining Group (39.6%), Crystal River Global
Limited (0.8%) and the DRC government (20%).
The Kamoa-Kakula Copper Complex is one of the highest-grade and fastest growing
major copper mining operations globally. Copper concentrates were first produced in
May 2021 and, through on-going Phase 2 and Phase 3 expansions, Kamoa-Kakula is
positioned to become one of the world's largest copper producing operations, with 2025
production guidance set at between 520,000 to 580,000 tonnes of copper in concentrate.
The Kamoa-Kakula Copper Complex is powered by clean, renewable hydro-generated
electricity and is among one of the world’s lowest greenhouse gas emitters per tonne of
copper metal produced on a Scope 1 and 2 basis.
Follow Robert Friedland (@robert_ivanhoe) and Ivanhoe Mines (@IvanhoeMines_) on X.
Information contact
Investors
Vancouver: Matthew Keevil +1.604.558.1034
London: Tommy Horton +44 7866 913 207
Media
Vancouver: Tanya Todd +1.604.331.9834
Website www.ivanhoemines.com