OreCorp shuffles leadership team for its Tanzania gold project

Gold developer OreCorp has announced a number of board and senior management changes ahead of the development of its Nyanzaga project, in Tanzania.

The ASX-listed company has announced the appointment of its MD and CEO Matthew Yates as executive chairperson, replacing Craig Williams, who will retire after the company’s annual general meeting on November 16.

OreCorp’s current COO Henk Diederichs will replace Yates as MD and CEO, following the meeting.

Diederichs initially joined OreCorp as VP for project development in 2016 and was instrumental in leading Nyanzaga through its scoping and prefeasibility study phases. He has more than 20 years of extensive operational and project development experience in the mining industry, particularly in Africa.

“In conjunction with the appointment of Michael Davis last month, OreCorp’s refresh and reset of the board and senior management will position it strongly as it transitions from developer to producer,” said Yates on Wednesday.

“Diederichs is an exceptional individual who has made an outstanding contribution to OreCorp in recent times. He has strong leadership skills and extensive technical and operational experience, making him an ideal candidate to lead the company into its next phase.”

OreCorp last week flagged significant’ life-of-mine extensions at its Nyanzaga gold project, having generated an underground exploration target based on drill results, combined with extensive geological knowledge of the deposit, and a larger, Stage 4 pit has been identified applying a higher gold price.

SOURCE: MINING WEEKLY