Mineral Commodities bolsters executive team with appointment of new CEO

Global miner Mineral Commodities (ASX:MRC) has appointed Scott Lowe as its new Chief Executive Officer (CEO), effective from 1 September 2023.

The $39.41 million market capitalisation company reports Lowe is taking the reins from interim CEO Adam Bick, who will continue on as Chief Financial Officer (CFO).

Lowe is a senior mining executive with ‘extensive’ experience in the industry spanning more than 35 years across a wide range of commodities and countries.

Lowe is a senior mining executive with ‘extensive’ experience in the industry spanning more than 35 years across a wide range of commodities and countries

Currently, Lowe is serving as Managing Director of Firefinch (ASX:FFX) until 31 August 2023. Mineral Commodities reports he recently worked with South32 (ASX:S32) in Australia and served as CEO of Luxembourg-based ArcelorMittal’s West African mining business in Liberia.

The company says he has also been the CEO of other publicly listed mining exploration and development companies and has held senior management positions at BHP (ASX:BHP) and Peabody Pacific.

During Lowe’s career, he has worked in a range of jurisdictions including Africa and has delivered ‘outstanding’ results in ‘challenging’ environments, such as achieving record production and low costs in an open-cut operation in West Africa during the COVID-19 pandemic and managing the start-up of new open-cut and underground mines in South Africa and West Africa.

Commercially, the company says Lowe is ‘very experienced’ in dealing with public markets, has raised capital, and has negotiated joint ventures (JV) with BHP and Glencore (LON:GLEN).

Lowe also has a ‘strong’ track record of establishing and maintaining relationships with governments, communities, employees, and unions, as well as other external stakeholders considered essential for business.

Mineral Commodities reports Lowe holds a postgraduate qualification in Business Management (MBA) along with tertiary qualifications in Mining Engineering, a Mine Manager’s Certificate of Competency (Australia), and a Diploma in Marine Terminal Operations from King’s Point Merchant Marine Academy NY USA.

Mineral Commodities is a Western Australia-based explorer focused on its portfolio of mineral sands and battery minerals projects across the globe. These assets include the Tormin Mineral Sands Project in South Africa, the Skaland Graphite Operation in northern Norway, and the Munglinup Graphite Project in Western Australia.

On 3 July 2023, the company entered into an agreement to acquire the remaining 10% interest in Skaland for US$1.9 million.

Write to Harry Mulholland at Mining.com.au

Images: Mineral Commodities Ltd
Written By Harry Mulholland
Hailing from the Central Coast region of NSW, Harry is a passionate journalist with a background in print, radio and ESG news. When not bashing away on his keyboard, he can be found brewing a coffee or playing with his dog.