Company veteran Marna Cloete promoted to the role of President of Ivanhoe Mines Ivanhoe Mines elevates responsibilities of several other key executives as company prepares for the start of commercial production
March 11, 2020
Company veteran Marna Cloete promoted to the role of
President of Ivanhoe Mines
Ivanhoe Mines elevates responsibilities of several other key
executives as company prepares for the start of commercial
production
TORONTO, CANADA – Ivanhoe Mines (TSX: IVN; OTCQX:IVPAF) Co-Chairs Robert Friedland
and Yufeng “Miles” Sun announced that the company has promoted its Chief Financial Officer,
Marna Cloete, to the position of President effective today, in addition to her existing role as Chief
Financial Officer. Ivanhoe's current President, Tony S. Giardini, will leave Ivanhoe Mines after a
short transition period.
Ms. Cloete started her career in 2002 with
PricewaterhouseCoopers in the Metals and Mining Division
with a client base that included Harmony Gold Mining
Company Limited, Palabora Mining Company (a member of
the Rio Tinto Group) and Ingwe Collieries (a subsidiary of
the Energy Coal Division of BHP Billiton). She joined Group
Five Limited, a large South African listed construction
company, in April 2005 , where she was responsible for
group reporting. Ms. Cloete joined Ivanhoe Mines in July
2006 and was promoted to Chief Financial Officer in
December 2009.
Ms. Cloete is a registered Chartere d Accountant and holds
a Master’s Degree in taxation from the University of Pretoria.
Ms. Cloete has been with Ivanhoe Mines for 14 years and
has extensive knowledge of the company’s asset base and
operational personnel. In her capacity as CFO, she gained
detailed knowledge of the jurisdictions where the company’s
assets are located and will continue to work closely with all of Ivanhoe Mines’ shareholders and
stakeholders.
2
Mr. Friedland and Mr. Sun commented, "We are truly excited that Marna will lead Ivanhoe Mines
at this critical junction as we look to fast-track development at each of our three principal mining
projects. She is an extraordinarily talented executive with a strong track record of leadership in
finance and team building. Marna has a deep knowledge of our organization, the African
continent and is well regarded by everyone at Ivanhoe and across the mining industry.”
“Tony took on the task of helping Ivanhoe through a transition following the retirement of its long
time CEO, Lars-Eric Johannson, and w e personally thank him to help bridge Ivanhoe from its
exploration and development phase to its forthcoming operational phase."
Under the leadership of Ms. Cloete, t he company will review the orga nizational structure with
the aim to unlock the many synergies that exist between the various shareholder s and
stakeholders. With this in mind , the Board has elevated the responsibilities of several other
company executives, including Ivanhoe's Executive Vice President, Sustainability & Special
Projects and Executive Chairperson at its Platreef Project, Dr. Patricia Makhesha . In addition,
Matthieu Bos will be promoted to Executive Vice President Africa, and Peter Zhou will be
promoted to Executive Vice President China, who together will assume greater roles liaising with
Ivanhoe's joint venture partners in the Democratic Republic of Congo , South Africa, China and
key institutional shareholders.
About Ivanhoe Mines
Ivanhoe Mines is a Canadian mining company focused on advancing its three principal joint-
venture projects in Southern Africa: the development of major new mines at the Kamoa-Kakula
discoveries in the Democratic Republic of Congo (DRC) and at the Platreef palladium-
platinum-nickel-copper-rhodium-gold discovery in South Africa; and the extensive
redevelopment and upgrading of the historic Kipushi zinc-copper-germanium-silver mine, also
in the DRC. Ivanhoe also is exploring for new copper discoveries on its wholly-owned Western
Foreland exploration licences in the DRC, near the Kamoa-Kakula Project.
Information contacts
Investors: Bill Trenaman +1.604.331.9834 / Media: Matthew Keevil +1.604. 558.1034