George Jones, the chairman of Sundance Resources and Gindalbie Metals, has joined the management team of iron ore miner Centaurus Metals as a ‘strategic consultant.’
According to Centaurus, Jones will advise the company as it moves towards production from its iron ore projects in south-east Brazil.
The company aims to supply three million tonnes per annum of high-grade iron ore to the Brazilian steel industry by the end of 2013.
“George Jones has an extensive international contact network and knowledge of the global iron ore and steel industry and capital markets, which will greatly assist Centaurus as it works towards building a substantial iron ore company in Brazil,” the company said in a statement.
“He is one of Australia’s most accomplished mining executives, with more than 35 years experience in the mining, banking and finance industries.”
Centaurus chairman Didier Murcia said he and managing director Darren Gordon had both worked closely with Jones in the past.
“We have seen first-hand the value George brings to a company,” he said.
“It is extremely pleasing to secure his services as a strategic consultant.
“George’s extensive knowledge of the iron ore industry and capital markets will be highly valuable to Centaurus and its shareholders.
“I doubt that there is anyone more qualified to provide the sort of strategic advice Centaurus is seeking as it progresses its iron ore business in Brazil.”
Jones said he was looking forward to helping the company realise the full value of its assets.
“Centaurus has assembled a quality portfolio of near-production assets and has a high-calibre board and management team,” he said.
Jones will be issued with 10 million options in two tranches as part of his package.
The prominent mining executive stepped into the chair role at Sundance in June this year after the company’s then-chairman Ken Talbot was killed alongside the entire board in a plane crash in Cameroon.
The executives were visiting Sundance’s Mbalam iron ore project in the Democratic Republic of the Congo.
As Gindalbie chairman, he has also overseen the financing of the $2 billion Karara magnetite project in Western Australia over the last five years.