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LONDON - Jangada Mines plc (AIM:JAN) announced Wednesday the appointment of Paulo Guimarães Misk as Chief Executive Officer with immediate effect, as the natural resource development company focuses on accelerating its Paranaíta Gold Project in Brazil.
According to the company’s press release statement, Misk brings approximately 40 years of mining experience across various commodities including gold, lithium, vanadium, titanium, and niobium. His previous leadership positions include serving as Chief Operating Officer at Lithium Ionic and CEO at Largo Inc., where he reportedly led a turnaround that transformed the company from near-bankruptcy to achieving $316 million in net income within two years.
Brian McMaster, currently Executive Chairman, will transition to a Non-Executive Chairman role as part of the appointment.
"Paulo is uniquely equipped to lead our next phase of growth," McMaster said in the announcement. "His immediate focus will be to accelerate the development of the Paranaíta Gold Project in Brazil."
Misk’s career includes senior roles at Anglo American (JO:AGLJ), AMG Mineração, and RHI Magnesita. He has also held industry leadership positions as President of the Mining Companies of Bahia Association and board member of the Brazilian Mining Institute (IBRAM).
The new CEO will focus on implementing Jangada’s gold development strategy in the Alta Floresta - Juruena Gold Province of Brazil, an area described as historically significant in the company’s announcement.
Misk, a Brazilian national with a degree in Mining Engineering from UFMG, will initially serve as CEO in a non-board capacity, with this arrangement to be reviewed by the board.
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