SAO PAULO, July 23 (Reuters) - Brazilian miner Vale
has picked Shaun Usmar as the chief executive of Vale
Base Metals, a unit focused on copper and nickel, the company
said on Tuesday.
He will take up the role in the fourth quarter of 2024 and
be based in Toronto, according to a securities filing.
A mining veteran, Usmar founded and has been serving as CEO
of Triple Flag Precious Metals ( TFPM ) after a three-year
spell as Barrick Gold's ( GOLD ) chief financial officer. He
also worked at Xstrata and BHP.
"Shaun has an outstanding track record in our industry and I
am confident that he is the right person to lead our company,"
Vale Base Metals' chairman Mark Cutifani said, adding his
nomination came after a thorough external search process.