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Vale Base Metals appoints Shaun Usmar as CEO
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Vale Base Metals appoints Shaun Usmar as CEO
Jul 23, 2024 4:29 AM

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.

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