Ivanhoe Mines welcomes two accomplished female African leaders to its board of directors
June 22, 2023
Ivanhoe Mines welcomes two accomplished female African leaders to
its board of directors
■
Ivanhoe Mines announces results of voting for the election 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 and Special Meeting held earlier today.
Ivanhoe Mines Co-Chairman Robert Friedland and President Marna Cloete also are very
pleased to announce the appointment of two distinguished female African leaders – Dr.
Phumzile Mlambo-Ngcuka and Ms. Delphine Traoré – to the company’s board as
independent directors. Mr. Guy de Selliers and Ms. Nunu Ntshingila did not stand for re-
election.
Dr. Mlambo-Ngcuka served as the United Nations (UN) Under-Secretary-General and
Executive Director of UN Women from August 2013 to August 2021. During her tenure,
she advocated for women and girls worldwide, creating initiatives such as HeForShe for
men and boys to promote gender equality. In January 2022, she was appointed as the
Chancellor of the University of Johannesburg.
Ms. Traoré is the Regional Chief Executive Officer of Allianz Africa, overseeing
development across the continent. She joined the Board of Management of Allianz
Africa as Regional Chief Operations Officer in February 2017 and served as CEO of
Allianz Global Corporate & Specialty (AGCS) Africa from September 2012 to February
2017.
Mr. Friedland commented: “First, we would like to sincerely thank Guy and Nunu for
their efforts and contributions during their time on the board, and wish them the best in
their future endeavours. We are proud to welcome Phumzile and Delphine as we
transition into a leading, diversified resource company committed to modern and
responsible mining. Our growing team of talented South African and Congolese women,
at all levels of our organization, is a critical asset to the company as we strive towards
our goals of excellence in operations, care for the environment, empowering our local
communities, health and safety of our employees, and corporate governance. With
steadfast commitment to these goals, we will build three of the world's best mines in
Southern Africa.
"As accomplished leaders, Phumzile and Delphine bring a unique perspective to
Ivanhoe, with their deep African experience and insights. Their addition to the board will
add incredible value as we continue our strategic efforts to empower a new generation
of highly-skilled women and men across Africa ... and as we emerge as the world's next
major mining company."
Ms. Cloete commented: "We're all excited to welcome Phumzile and Delphine to the
board. We must continue to evolve and emphasize inclusivity and sustainability, as
different perspectives and ways of thinking lead to improvement and innovation. To
achieve gender equality in the workforce, we need more women in decision-making
roles at all levels, from mines to boardrooms. That requires training and mentorship
programs, and encouragement to get involved. Ivanhoe Mines is proud to be a
trailblazer when it comes to diversity and inclusion, as we all chart a new way forward
for modern mining.”
Mr. Friedland and Ms. Cloete noted that the two appointments were in keeping with the
company’s objective to have its board comprised of a majority of independent directors
and to increase its female representation at the board level.
About Dr. Phumzile Mlambo-Ngcuka
Dr. Phumzile Mlambo-Ngcuka served as the United
Nations (UN) Under-Secretary-General and Executive
Director of UN Women from August 2013 to August
2021. During her tenure, she advocated for women and
girls worldwide, creating initiatives such as HeForShe
for men and boys to promote gender equality. In
January 2022, she was appointed as the Chancellor of
the University of Johannesburg.
From June 2005 to September 2008, Dr. Mlambo-
Ngcuka served as Deputy President of South Africa,
overseeing programs and policies to reduce
inequality, with a particular focus on women. Before
this, she served as Minister of Minerals and Energy
from June 1999 to June 2005 and Deputy Minister in
the Department of Trade and Industry from 1996 to
1999. She served as a Member of Parliament from 1994
to 1996 as part of South Africa’s first democratic
government.
Dr. Mlambo-Ngcuka began her career as a teacher and
gained international experience as a coordinator at the World YWCA in Geneva, where
she established a global program for young women. She created the Umlambo
Foundation, which supports leadership and education. As a long-time advocate of
women’s rights, she is affiliated with several organizations devoted to education,
women’s empowerment, and gender equality.
Dr. Mlambo-Ngcuka completed her PhD in Technology and Education at the University
of Warwick, United Kingdom, and holds a Bachelor of Arts degree in Social Science and
Education from the National University of Lesotho. She also is a Hauser Leader at the
Harvard Kennedy School’s Center for Public Leadership.
About Delphine Traoré
Delphine Traoré is the Regional Chief
Executive Officer of Allianz Africa since
November 2021, overseeing development
across the continent. She joined the
Board of Management of Allianz Africa as
Regional Chief Operations Officer in
February 2017 and served as CEO of
Allianz Global Corporate & Specialty
(AGCS) Africa from September 2012 to
February 2017. Ms. Traoré is currently a
non-executive member of the Board of
Management of AGCS Africa. She has
been serving as a board member for
Allianz for a Green Revolution in Africa
since February 2022, African Reinsurance Corporation since November 2021, and
African Risk Capacity since June 2018.
Ms. Traoré served as Vice-President of the African Insurance Organization from May
2018 to June 2019, before becoming its President from June 2019 to September 2021.
Ms. Traoré was awarded the Best CEO of the Year by the Africa CEO Forum in June
2023, acknowledging her dedication to improving corporate governance and for
negotiating a successful merger agreement with South African group Sanlam in 2022.
She has been recognized as one of the top women economic leaders in Africa, having
been featured in Forbes Africa magazine’s portraits of women economic leaders in 2019
and included in the Jeune Afrique magazine’s list of the 50 most influential women in
Africa in 2018. Ms. Traoré was also President of the Insurance Institute of South Africa
from 2015 to 2017. She was awarded the Woman Leadership Award from the Africa
Leadership Awards in 2015 and was named in the Choiseul 100 Africa annual
independent study of top economic leaders of tomorrow by the Institut Choiseul in both
2014 and 2015.
Ms. Traoré is a Chartered Property and Casualty Underwriter from the American
Institute for Chartered Property Casualty Underwriters. She also holds a Master of
Science in Insurance Management from Boston University and a Bachelor of Science in
Business and Accounting from the University of Pittsburgh.
Voting results for election of directors
The 11 nominees listed in the management proxy circular dated May 3, 2023, 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 1,044,868,005 97.91 22,310,228 2.09
Yufeng (Miles) Sun Elected 1,031,765,089 96.68 35,413,144 3.32
Tadeu Carneiro Elected 961,686,723 90.11 105,491,510 9.89
Jinghe Chen Elected 1,053,500,907 98.72 13,677,326 1.28
William Hayden Elected 1,054,275,805 98.79 12,902,428 1.21
Martie Janse van
Rensburg Elected 1,059,161,401 99.25 8,016,832 0.75
Manfu Ma Elected 1,053,439,387 98.71 13,738,846 1.29
Peter G. Meredith Elected 1,011,886,337 94.82 55,291,896 5.18
Phumzile Mlambo-
Ngcuka Elected 1,066,749,890 99.96 428,343 0.04
Kgalema P. Motlanthe Elected 1,036,798,013 97.15 30,380,220 2.85
Delphine Traoré Elected 1,066,680,668 99.95 497,565 0.05
Details of votes on all matters of business considered at the Annual General and Special
Meeting are available in the company’s report of voting results on SEDAR (www.sedar.com).
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
Democratic Republic of Congo (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.
Information contacts
Investors
Vancouver: Matthew Keevil +1.604. 558.1034 London: Tommy Horton +44 7866 913 207