Vancouver – Lundin Mining (lun-t, lmc-a, lumi-s) is making changes within its executive ranks, in a bid to facilitate the development of new zinc projects in Portugal, Sweden and Russia.
As a result, Colin Benner will be stepping down as chief executive officer of Lundin, but will remain vice-Chairman and a director of the Vancouver-based company.
Benner will be replaced as ceo by Karl-Axel Waplan, Lundin’s President and chief operating officer. Joao Carrelo, currently executive vice-president and chief operating officer of Lundin’s Spanish and Portuguese operations, will take on the role of chief operating officer at Lundin.
“Mr. Benner’s proposal and decision to step down as ceo was primarily to facilitate the company’s plan to have its chief executives head quartered in the company’s main operational office in Stockholm,” said Lundin Chairman Lukas Lundin.
“While we support his decision, we have asked that he stay on the board and as vice-chairrman to assist in taking the company to the next level as a senior global mining house,” Lundin said.
“He will work with me to further grow Lundin Mining and assist in other mining opportunities in the Lundin Group of Companies. Colin is a tremendous asset to Lundin Mining and we look forward to his continued active role in the Company.”
Benner said the move makes strategic sense.
“We have three major new zinc projects underway and a potential fourth (the Aljustrel and Neves-Corvo Phase II projects in Portugal, the Ozernoe project in Russia and the possible development of another project in Sweden).
These projects, coupled with our four operating mines in Portugal, Sweden and Ireland represent an ongoing major undertaking and it is important, from a practical point of view, that senior management work in close proximity on a daily basis with each other, to the operations and projects, and importantly to our employees.”
In addition to the Neves-Corvo mine in Portugal, the Company operates the Zinkgruvan and Storliden mines in Sweden and the Galmoy mine in Ireland.
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