Great Western Minerals Group Ltd. (TSX.V: GWG / OTCQX: GWMGF), a manufacturer and supplier of rare earth–based metal alloys and high purity metals with a low cost, high-grade critical rare earth asset, announced that Thomas G. Mair was appointed Vice President of Finance and Chief Financial Officer effective July 8, 2013.
Mr. Mair, who most recently was President and CEO and a board member at Golden Star Resources Ltd. (NYSE MKT: GSS / TSX: GSC / GSE: GSR), succeeds James G. Davidson, who will be retiring. Mr. Davidson will be staying with the Company for at least the next 90 days for the transition.
"Tom has nearly 30 years of progressive international business experience in the natural resources industry," stated Marc LeVier, President and CEO. "His vast experience and leadership in financial management will be invaluable to GWMG as we progress the development of our vertical integration strategy with the advancement of SKK and expansion of our manufacturing services."
Mr. Mair joined Golden Star Resources as Chief Financial Officer in 2007. Previously, he was at Newmont Mining Corporation in a number of key roles, including Director, Business Process Improvement; Group Financial Executive at Minera Yanacocha, Peru; Regional Controller at Winnemucca, Nevada; and President-Director of PT Newmont Minahasa Raya, Indonesia. Mr. Mair is a graduate of Queens’s University with an MBA in Finance. He is also a Certified Management Accountant.
Mr. LeVier added, "We thank Jim for his contributions to GWMG and wish him well in his retirement."
Mr. Mair’s appointment is subject to the approval of the TSX Venture Exchange.
GWMG further strengthens management and financial controls at SKK
Rare Earth Extraction Co. Limited is a subsidiary of GWMG and whose primary asset is the Steenkampskraal Project. Pieter de Jager, who has been with Rareco on a part-time basis, assumed the Financial Director’s position in a full-time capacity effective July 1, 2013 to strengthen the accounting controls and overall financial management.
Mr. de Jager has more than 15 years experience in financial management and, most recently, was the Group Chief Financial Officer at Andulela Investment Holdings Limited, a diversified investment holding company with investments in mining and steel processing. Mr. de Jager also has significant mining and exploration experience in Africa. He earned a post graduate B.Compt Honours in Accounting degree with a Certificate in the Theory of Accounting from the University of South Africa and an MBA from the University of Pretoria's Gordon Institute of Business Science.
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