A diversified Canadian base metals mining company has announced its CEO is set to step down, and has acted quickly to fill in a replacement.
Lundin Mining announced in a statement this week that current President and Chief Executive Officer, Paul Conibear, will retire from his position before the end of the year.
The company has responded quickly and announced that Senior Vice President and Chief Financial Officer, Marie Inkster, will assume the role and will work together with the outgoing Conibear to ensure “an orderly transition.”
Conibear joined Lundin Mining in 2007, following the company’s acquisition of Tenke Mining Copr, in which he serves as president and CEO.
Over the course of his time with Lundin, following a move from Senior Vice President to President and CEO in 2011, Conibear oversaw a “sustained period of growth and sound operational discipline.”
Such growth includes the successful acquisitions of the Eagle mine in Michigan (the only primary nickel mine and is expected to produce 360 million pounds of nickel, 295 million pounds of copper) and Candelaria mining complex in Chile (an open pit mine and an underground mine providing copper ore to an on-site concentrator with a capacity of 75,000 tonnes per day)
Marie Inkster has nearly 20 years of industry leadership experience, including 10 years with Lundin Mining. She has played a key role in helping guide the Company's strategy over this time. Mrs. Inkster joined Lundin Mining in September 2008 as Vice President, Finance, and was appointed CFO in May 2009.
Lukas Lundin, Chair of Lundin Mining's Board of Directors, stated, “On behalf of the Lundin Mining Corporation Board of Directors, I would like to thank Paul for building our company into the success it has become today. Paul has provided steady hands during challenging times in which many other mining organizations did not fare as well. His sound judgement has well positioned Lundin Mining to build towards an even greater future.”