Board members
Minmetals Resources Limited (MMR) is governed by a Board of directors, comprising 11 directors - four being executive directors, four being non-executive directors and three independent non-executive directors.
The Board includes:
Chairman
Mr Lixin Wang
Mr Wang was appointed the Chairman of MMR on 1 April 2011. He served as an Executive Director and a Vice President of from October 2005, and was redesignated as a Non-Executive Director of MMR in January 2008; the Vice Chairman and a Non-Executive Director in July 2009; and subsequently, a Non-Executive Director in December 2009. He is also a member of the MMR Remuneration and Nomination Committee.
Mr Wang has served as a Director of a number of subsidiaries of MMR and MMG. He has acted as a consultant to China Minmetals Corporation (CMC) since November 2009.
Mr Wang holds a Bachelor of Arts in International Trade from the University of International Business and Economics in the People's Republic of China (PRC) and has over 14 years experience in foreign trade and corporate management, as well as five years experience with government services.
He joined the Ministry of Foreign Trade and Economic Cooperation in 1990 and CMC Group in 1995. From 2007 to 2009, Mr Wang was the President of China Minmetals Non-ferrous Co., Ltd. ; and a director of Shanxi Guanlv Co. Ltd, a company listed on the Shenzhen Stock Exchange (Shanxi Guanlv) from April 2009 to December 2009.
Vice Chairman
Mr Hao Chuanfu
Mr Hao was redesignated as the Vice Chairman and an Executive Director of MMR in December 2010, after being appointed an Executive Director and President in May 2008. He has also served as a Director of a number of subsidiaries.
Mr Hao graduated from the University of International Business and Economics in the PRC with a degree of junior college in accounting. He is a certified public accountant in the PRC and has extensive experience in international business, financial management and corporate management. Mr Hao joined the CMC Group in 1986 and has since been assigned to a number of departments and subsidiaries of CMC, both in the PRC and overseas.
In 1996, he was appointed the Section Chief of the Finance department of CMN. In 1998 he was appointed the assistant General Manager of CMN, and was appointed the Deputy General Manager in 1999. From 2000 to 2001, he was the Assistant General Manager of China National Nonferrous Metals Industry Trading Group Corporation, and from 2001 to 2008, he held the position of General Manager of Minmetals North-Europe AB.
Executive Directors
Mr Andrew Michelmore
Mr Michelmore was appointed as an Executive Director and the CEO of MMR in December 2010. He is currently a member of MMR’s Safety, Health, Environment and Community Committee.
Mr Michelmore has been Managing Director and CEO of MMG from its formation in June 2009. He has also served as a Director of a number of subsidiaries of MMR and MMG. Mr Michelmore joined MMG after his tenure as CEO of Zinifex Limited (Zinifex) and then OZ Minerals Limited (OZ Minerals). He is a director of Century Aluminum Company (a company listed on the NASDAQ and the Iceland Stock Exchange). Prior to his role as the CEO of Zinifex, Mr Michelmore spent two years working in London and Russia as the CEO of En+ Group.
Mr Michelmore has more than 28 years experience in the metals and mining industry including 12 years at WMC Resources Limited, where he was the CEO and prior to that, held senior roles in that company’s nickel, gold, alumina, copper, uranium, and fertiliser businesses. Mr Michelmore holds a First Class Honours degree in Engineering (Chemical) from the University of Melbourne and a Master of Arts in Politics, Philosophy and Economics from Oxford University. He is a Fellow of the Institution of Chemical Engineers, the Institution of Engineers Australia and the Australian Academy of Technological Sciences and Engineering.
Mr Michelmore is also Chairman of the International Zinc Association (IZA), Chairman of the Jean Hailes Foundation for Women’s Health, Chairman of the Council of Ormond College at the University of Melbourne and a member of the Minerals Council of Australia and the Business Council of Australia.
Mr David Lamont
Mr Lamont was appointed as an Executive Director and the CFO of MMR in December 2010.
He joined MMG as the CFO on its formation in June 2009 and was the CFO of OZ Minerals from October 2008. Mr Lamont is also a Director of a number of subsidiaries of MMR and MMG.
He holds a Bachelor of Commerce degree and is a qualified Chartered Accountant. He is a member of the Institute of Chartered Accountants and was an Audit Supervisor at Deloitte Haskins and Sells before commencing a corporate career.
After progressing through a number of senior roles in the chemical and agricultural industries, he was appointed the CFO of Incitec Limited in 1999. Mr Lamont joined BHP Billiton in 2001 where he held a number of senior roles including the CFO of BHP Billiton’s Energy Coal and Carbon Steel Materials Groups. He joined OZ Minerals from PaperlinX Limited, where he had served as the CFO since 2006 and was appointed an Executive Director in February 2008, until his departure in September 2008.
Mr Li Liangang
Mr Li was appointed as a Non-Executive Director of Minmetals Resources in December 2009 and was redesignated as an Executive Director in December 2010.
He is the Chairman of Minmetals Aluminium and a Director and the President of Sino Mining International Limited, both subsidiaries of the Company. Mr Li has also served as a Director of three subsidiaries of Minmetals Resources.
He holds a Bachelor in English language from the Normal College for Foreign Language of Beijing Union University in the PRC and has extensive experience in international business and the non-ferrous metals industry.
Mr Li joined the CMC Group in 1987. Since 1993, he has been assigned to various senior management positions with the subsidiaries of CMC in the PRC, Australia, Mexico and the USA. In July 2008 and August 2009 respectively, Mr Li was a Non-Executive Director and an Independent Non-Executive Director of Sino Gold Mining Limited, a company listed on the Australian Securities Exchange (ASX) and the Hong Kong Stock Exchange (which was delisted on 16 December 2009) and subsequently resigned on 4 December 2009.
Non-executive Directors
Mr Jiao Jian
Mr Jiao was appointed as a Non-Executive Director of MMR in December 2010, and is currently a member of the MMR Remuneration and Nomination Committee and a member of the MMR Safety, Health, Environment and Community Committee.
Mr Jiao was appointed as the President of CMN in May 2010, and is the President of Minmetals Non-ferrous Metals Holding Co. Ltd. He is also the Chairman of the Board of Directors of Shanxi Guanlv. In addition, Mr Jiao is a director of a number of subsidiaries of MMR and MMG.
He holds a Bachelor degree in International Economics from the Nankai University in the PRC and a Master of Business Administration from Saint Mary’s University in Canada. He has extensive experience in international trade, investment and corporate management. Mr Jiao joined the CMC Group in 1992 and was responsible for the copper and aluminium business. He was the Vice President of CMN from 2007 to May 2010.
Mr Xu Jiqing
Mr Xu was appointed as a Non-Executive Director of MMR in May 2009 and is currently a member of MMR’s Audit Committee.
He has also served as a Director of a number of subsidiaries of MMR and MMG. Mr Xu was appointed the Vice President and CFO of CMN in 2007 and 2005 respectively. He is the Vice President and CFO of Minmetals Non-ferrous Metals Holding Co. Ltd.
Mr Xu holds a Bachelor’s degree in Accounting from the University of International Business and Economics in the PRC, and a Master of Business Administration from Saint Mary’s University in Canada. He is a qualified senior accountant in the PRC and is a member of the Certified General Accountants Association of Canada. He has extensive experience in accounting and corporate financial management.
Mr Xu joined the CMC Group in 1991. In 1997, he was the Manager of Finance at Minmetals Development Co. Ltd., and was later promoted to Vice General Manager in 1999, and General Manager in 2000. He was also the General Manager of Finance at China National Nonferrous Metals Industry Trading Group Corporation from July 2001 to April 2002; and the General Manager of Finance at CMN from 2002 to 2007.
Mr Gao Xiaoyu
Mr Gao was appointed as a Non-Executive Director of MMR in April 2011. He is currently a member of the MMR Safety, Health, Environment and Community Committee. He is a director of Sino Mining International Limited, a subsidiary of MMR. He has also served as the Vice President of Minmetals Non-ferrous Metals Holdings Co. Ltd. since 2011 and the Vice President of CMN since 2008.
Mr Gao holds a Master’s degree in Business Management from The Renmin University of China. He joined the CMC Group in 1993. Mr Gao has worked in the Futures department of China Nonferrous Metals Import and Export Corporation from 1993 to 1997. He was the General Manager of Risk Management department of CMN from 2000 to 2009. Mr Gao has extensive experience in enterprise risk management and control.
Independent Non- executive Directors
Mr Anthony (Tony) Larkin
Mr Larkin was appointed as an Independent Non-Executive Director of MMR in November 2011. He is the Chairman of MMR’s Audit Committee and a member of MMR’s Remuneration and Nomination Committee.
Mr Larkin is currently a Non-Executive Director of Incitec Pivot Limited since 2003, chairing the audit and risk committee, and a director of Oakton Limited since 2009, chairing the audit and risk committee and being a member of the remuneration and appointments committee. Mr Larkin was previously a director of Corporate Express Australia Limited, from 2004 to 2010 and Eyecare Partners Limited, from 2007 to 2010, being the chairman of their respective audit and risk committees. Mr Larkin was also a director and chairman of the audit and risk committee and remuneration and appointments committee of Oz Minerals Limited from 2008 to 2009, a director and member of the audit and risk committee and remuneration and appointments committee of Zinifex Limited, chairman of the company and member of the remuneration and appointments committee of Ausmelt Limited from 2003 to 2007 and the executive director of finance of Orica Limited from 1998 to 2002. Mr Larkin has extensive experience in enterprise audit and risk management.
Mr Larkin is a fellow member of the Australian Society of Certified Practicing Accountants and the Australian Institute of Company Directors since 1984 and 1992, respectively.
Mr Loong Ping Kwan
Mr Loong was appointed as an Independent Non-Executive Director of MMR in August 2009. He is a member of MMR’s Remuneration and Nomination Committee and a member of the Audit Committee.
Mr Loong is a practising solicitor admitted in Hong Kong.
Mr Loong graduated from the University of Hong Kong with a Bachelor of Arts. He is an associate (life member) of the Hong Kong Institute of Bankers, and a founder of Messrs. Loong and Yeung in Hong Kong. He has over 20 years’ experience in corporate finance, mergers and acquisitions.
Mr Loong was an Independent Non-Executive Director of Zijin Mining Group Company Limited (a company listed on the Hong Kong Stock Exchange) from August 2003 to November 2009 and was a Director of Guangdong Golden Glass Technologies Limited (a company listed on the Shenzhen Stock Exchange) from April 2008 to July 2011.
Dr Peter Cassidy
Dr Cassidy was appointed as an Independent Non-Executive Director of MMR in December 2010. He is the Chairman of MMR’s Remuneration and Nomination Committee and Safety, Health, Environment and Community Committee. Dr Cassidy is also a member of MMR’s Audit Committee.
Dr Cassidy was an Independent Non-Executive Director of MMG Management Pty Ltd from June 2009.
Dr Cassidy is a metallurgical engineer, with over 40 years of experience in the resource and energy sectors including over 20 years as a Director of major public companies.
He was an Independent Non-Executive Director of Oxiana Limited (2002 to 2007); Zinifex Limited (2004 to 2008); Sino Gold Mining Limited (2002 to 2009); Lihir Gold Limited (2003 to 2010); OZ Minerals (2008 to 2009); and Energy Developments Limited (2003 to 2009). He was also Non-Executive Chairman of Allegiance Mining NL (April to July 2008) and a Director of Eldorado Gold Corporation (2010). He was CEO of Goldfields Limited from 1995 until its merger with Delta Gold Limited in 2002 to form Aurion Gold Limited (AurionGold).