Ivanhoe Mines announces results of voting for the election of directors ■ Ivanhoe Mines welcomes Iman Naguib to the Board of Directors VANCOUVER, CANADA – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) announced the results of voting by shareholders for the election of the Board of Directors during the
June 19, 2025
Ivanhoe Mines announces results of voting for the election
of directors
■
Ivanhoe Mines welcomes Iman Naguib to the Board of Directors
VANCOUVER, CANADA – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) announced the
results of voting by shareholders for the election of the Board of Directors during the
company’s Annual General Meeting held earlier today.
Ivanhoe Mines Founder & Executive Co-Chairman Robert Friedland and President & Chief
Executive Officer Marna Cloete are also pleased to announce the appointment of Ms. Iman
Naguib as an Independent Director to the company’s Board of Directors, effective immediately.
This appointment further strengthens Ivanhoe’s commitment to building an experienced,
diverse, and world-class Board as the company continues its growth as a leader in the mining
industry.
Ms. Naguib is an accomplished business executive with a broad background in the global
mining and resources sector, telecoms and financial services. She has significant expertise in
corporate finance, restructuring, investment, and asset management, as well as mergers and
acquisitions. As Co-founder and Partner at Karnak Capital, Ms. Naguib is involved in various
investment initiatives. From 2012 to 2015, she served as Group Chief Financial Officer and
Executive Director at La Mancha Resources, a gold mining company with operations and
projects in Africa, Australia, and Argentina.
Her appointment marks another important step in Ivanhoe Mines’ ongoing efforts to build a
board that reflects a broader range of perspectives and backgrounds.
Mr. Friedland commented: "We are very pleased to announce Iman’s appointment to the
Board. Her extensive experience and proven leadership make her an invaluable addition to
Ivanhoe Mines as we work to expand our operations and drive strategic growth. Building a
Board that integrates diverse expertise, backgrounds, and perspectives is critical to
maintaining our competitive edge and achieving sustained success.”
Ms. Marna Cloete added: "We are thrilled to welcome Iman to our Board of Directors. Her
extensive expertise in corporate finance, mergers and acquisitions, and strategic business
development, combined with her impressive global experience across industries, will be
invaluable as we continue to grow and explore new opportunities. Iman's proven ability to
navigate complex financial landscapes and drive impactful results aligns perfectly with our
vision for the future."
Departure of William Hayden from Board of Directors
Ivanhoe Mines also announces that Mr. William Hayden did not stand for re-election this year
and is stepping down from the Board of Directors, effective today. Mr. Hayden has served as
an Independent Director through a formative period in the
company’s history, providing invaluable counsel and
perspective as Ivanhoe Mines has transformed from an
ambitious explorer and developer into a world-class
mining company. The Board and management wish to
express their sincere gratitude for his many years of
guidance, technical insight, and steadfast dedication to
the company’s mission.
Mr. Friedland commented: “We extend our deepest
gratitude to Bill Hayden for his invaluable contributions to
Ivanhoe Mines. A visionary geologist with extensive
experience, including time at ExxonMobil, Bill played a central role in our growth into a leading
diversified metals producer.
“Bill was instrumental in identifying untapped potential in the Northern Bushveld complex in
South Africa … and convincing us to chase a dream … this dream has since become our giant
Platreef platinum-group metals, nickel, copper, and gold discovery, now targeting first
production later this year.
“Bill's leadership and foresight also led to our search for the western extension of the Southern
African Copperbelt in the Democratic Republic of Congo … resulting in the groundbreaking
discovery of the Western Foreland Copper District. These efforts culminated in the
development of the Kamoa-Kakula Copper Complex, as well as the discovery of the Makoko
District on our majority-owned Western Foreland licenses ... heralded as the most significant
greenfield copper discoveries globally in many decades.
“Bill’s unparalleled industry expertise, innovative vision, and unwavering dedication have been
integral to Ivanhoe Mines’ success. His remarkable legacy will enduringly shape the
company’s future as we continue our exploration efforts at Platreef and across the Western
Forelands. We wish him the very best in his next chapter.”
Ivanhoe Mines welcomes Iman Naguib to Board of Directors as Independent Director
Iman Naguib is an accomplished finance executive with
over 20 years of experience in corporate finance,
mergers and acquisitions, restructuring, and asset
management, spanning telecommunications, natural
resources, and financial services across global markets.
She has a strong reputation for evaluating strategic
opportunities, advancing business development, and
managing complex treasury functions.
Ms. Naguib is Co-founder and Partner at Karnak Capital,
where she is involved in various investment strategies
across different sectors. From September 2012 to January 2015, she was Group Chief
Financial Officer and Executive Director at La Mancha Resources, a gold mining company with
operating mines, and exploration and development projects across Africa, Australia and
Argentina.
Throughout her career, Ms. Naguib has been recognized for her leadership and impact,
including being named in the Choiseul 200 Africa list of top African economic leaders under 40
in 2015. Ms. Naguib co-founded Accelero Capital in 2011, where she led key transactions
including Egypt’s largest M&A deal at the time – the €3.2 billion sale of Mobinil Telecom. She
also served as Corporate Finance Director at Orascom Telecom and Weather Investments,
overseeing complex financing and restructuring initiatives, including working on the $6.6 billion
merger of Orascom with VimpelCom Ltd. Her early career includes roles at Commercial
International Investment Company and Montpellier Asset Management.
Most recently, Ms. Naguib was an independent non-executive director at Centamin PLC until
its acquisition by AngloGold Ashanti PLC in 2024.
Ms. Naguib holds a Master of Business Administration (MBA) from Cass Business School,
London, UK, and a Bachelor of Science (BSc) from City University, Cairo, Egypt.
Voting results for election of directors
The nominees listed in the management proxy circular dated April 25, 2025, were elected as
directors, as shown in the following table of results.
Director nominee Outcome Votes for % for Votes
withheld
%
withheld
Robert M. Friedland Elected 1,095,678,837 97.03% 33,480,081 2.97%
Weibao (Webber) Hao Elected 1,076,226,099 95.31% 52,932,819 4.69%
Tadeu Carneiro Elected 1,097,075,939 97.16% 32,082,979 2.84%
Martie Janse van
Rensburg Elected 1,122,814,053 99.44% 6,344,866 0.56%
Manfu Ma Elected 1,109,562,564 98.26% 19,596,355 1.74%
Peter G. Meredith Elected 1,090,070,371 96.54% 39,088,548 3.46%
Phumzile Mlambo-
Ngcuka Elected 1,092,987,576 96.80% 36,171,342 3.20%
Kgalema P. Motlanthe Elected 1,120,353,121 99.22% 8,805,798 0.78%
Iman Naguib Elected 1,129,014,581 99.99% 144,338 0.01%
Delphine Traoré Elected 1,096,423,554 97.10% 32,735,364 2.90%
Chun (James) Wang Elected 1,111,027,626 98.39% 18,131,293 1.61%
Details of votes on all matters of business considered at the Annual General Meeting are
available in the company’s report of voting results on SEDAR+ (https://www.sedarplus.ca/).
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 platinum-palladium-nickel-rhodium-
gold-copper Mine in South Africa.
Ivanhoe Mines is exploring for copper in its highly prospective, 54-100% owned exploration
licences in the Western Forelands, covering an area over six times larger than the adjacent
Kamoa-Kakula Copper Complex, including the high-grade discoveries in the Makoko District.
Ivanhoe is also exploring for new sedimentary copper discoveries in new horizons including
Angola, Kazakhstan, and Zambia.
Information contacts
Vancouver: Matthew Keevil +1.604. 558.1034 London: Tommy Horton +44 7866 913 207