NEW YORK Avanti
Mining Inc. has named Mark Premo president and chief executive
officer, taking over from Craig Nelsen effective Oct. 1.
Premo had served as
chief operating officer at the molybdenum mining company since
June 2012, having previously served as president of Englewood,
Colo.-based Chevron Mining Inc., which owns and operates the
Questa molybdenum mine in New Mexico.
Nelsen will assume the
role of executive chairman as part of the companys
management succession plan, which includes searching for a new
chief financial officer to replace AJ Ali.
"The board recognizes
AJs unique skill set in project finance and his primary
mandate will be executing the companys financing
strategy," the Vancouver, British Columbia-based company
"Both AJ and myself,
as founders and significant shareholders in Avanti, are
committed to the transition of the companys management
team in preparation of commencement of development activities,
and will continue to support these efforts into the foreseeable
future," Nelsen said.
Avanti is developing
the Kitsault molybdenum mine in northern British Columbia, and
recently signed an offtake agreement with ThyssenKrupp
Metallurgical Products GmbH for 50 percent of the
projects total molybdenum production (
amm.com, June 21).