Wrap Text
Appointment of CEO
Kore Potash plc
(Incorporated in England and Wales)
Registration number 10933682
ASX share code: KP2
AIM share code: KP2
JSE share code: KP2
ISIN: GB00BYP2QJ94
("Kore Potash" or the "Company")
4 April 2024
Appointment of CEO
Kore Potash, the potash development company with 97% ownership of the Kola and DX Potash Projects
in the Sintoukola Basin, located in the Republic of Congo, is pleased to announce the appointment of Mr
J. M. André ('André') Baya as Chief Executive Officer ('CEO') effective from 15 April 2024.
André has over 20 years of experience in the global mining and agriculture sectors and brings significant
African experience including having held senior positions for groups with operations in the Republic of
Congo. Immediately prior to joining Kore Potash, André worked as a management consultant, leading
the corporate re-engineering of Fraser Alexander (Pty) Ltd.'s African subsidiaries and the corporate
development of Fortescue Mining Group's Belinga iron ore project in Gabon.
Prior to this, André was Country and General Manager for a variety of global mining corporations including
Sundance Resources, Cominco, Roxgold, Alliance Mining Commodities, Orezone and Central Copper
Resources. Other notable positions include Chief Operating Officer at Managem Group, the international
Moroccan mining group, where he was responsible for the management of the Managem Group's
operations and development projects across eight African nations.
Between 1985 and 2001, André spent 15 years in trade and agriculture, in both technical and managerial
roles for industrial chemicals and agrochemicals businesses in Africa and beyond.
The position of CEO is a non-Board role.
David Hathorn, Chair of Kore Potash, commented:
"To appoint a CEO with André's experience in both the mining and global agriculture sectors is hugely
exciting and, I believe, demonstrates the surefooted ambitions of Kore Potash to become a major potash
producer.
"With an impressive background including over two decades on the African continent, he will be pivotal in
the development of the Kola and DX projects, and position Kore to supply the world's agricultural needs
and meet the rising demand in the global fertiliser market. André's deep experience of working in
francophone Africa will also enable Kore to develop vital in-country partnerships and derive maximum
value for stakeholders."
Market Abuse Regulation
Market Abuse Regulation (MAR) Disclosure - The information contained within this announcement is
deemed by the Company to constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014 which has been incorporated into UK law by the European Union
(Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service
("RIS"), this inside information is now considered to be in the public domain.
This announcement has been approved for release by the Board.
For further information, please visit www.korepotash.com or contact:
Kore Potash
David Hathorn – Chairman & Interim CEO
Andrey Maruta - CFO Tel: +44 (0) 20 3963 1776
Tavistock Communications
Nick Elwes
Tel: +44 (0) 20 7920 3150
Adam Baynes
SP Angel Corporate Finance - Nomad and Broker
Ewan Leggat
Tel: +44 (0) 20 7470 0470
Charlie Bouverat
Kasia Brzozowska
Shore Capital - Joint Broker
Toby Gibbs Tel: +44 (0) 20 7408 4050
James Thomas
Questco Corporate Advisory - JSE Sponsor
Doné Hattingh Tel: +27 (11) 011 9205
Kore Potash plc
Kore Potash PLC (AIM: KP2, ASX: KP2, JSE: KP2) is an advanced stage mineral exploration and development
company that is incorporated in England and Wales and listed on AIM, a market operated by the London
Stock Exchange, the Australian Securities Exchange (ASX) and the JSE Limited (JSE) in South Africa.
Through the development of the Sintoukola potash basin in the Republic of Congo (RoC), Kore Potash is
working to bring a number of globally significant potash deposits into production. Focus is on two high-grade
projects: Kola and DX.
The Company aims to move quickly to cash generation from the DX project, which has a modest capital cost
and planned production of 400,000 tonnes per annum of Muriate of Potash and its adjacent potash projects
provide the potential for long-term potash production district from the area. Kola is scheduled to follow DX
in the Company's development strategy, with a planned production of 2.2 million tonnes per annum of
Muriate of Potash over 33-year life.
Kore's projects aim to be among the world's lowest-cost potash producers due to their favourable location,
large size, very high-grade and shallow depth of the deposits.
The Company's major shareholders include the Oman Investment Authority (OIA) and global lithium and
potash producer, Sociedad Química y Minera de Chile (SQM). The projects are well supported by the
government of the RoC with whom Kore has an excellent relationship.
END
Date: 04-04-2024 08:00:00
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