Pinheiro Cobaltum Appoints President and Chief Executive Officer

Top Quote The firm will have a new leader with vast corporate finance experience, as well as proven strategic and managerial talent. End Quote
  • (1888PressRelease) March 17, 2020 - Pinheiro Cobaltum (ISIN: BREBTPACNER4), an innovative and asset diversified cobalt extraction company focused on delivering growth, cash generation and stakeholder rewards, implementing a unique investment and development strategy, is pleased to announce that Marcos Silva has been appointed as the Company's new President and Chief Executive Officer. He will replace Dr. Lucas Diaz, one of the firm’s Directors who was appointed as interim until a permanent candidate will be designated. Dr. Diaz will step down as interim and continue to take care of his duties as a director.

    Pinheiro Cobaltum is always looking to attract and employ the brightest and most experienced professionals within the structure of its Executive’s Board and the new hire, Mr. Silva, has a combined experience of 20 years in M&A, corporate finance and principal investing in the mining sector. Most recently, he was a partner at a well-known mining-focused private equity investment firm with approximately $300 million under management.

    Prior to joining previous company, Marcos held various executive positions, such as Managing Director and Head of Department of Mining Engineering, as well as other corporate finance roles at mining companies based in Rustenburg (South Africa). He was also part of BRICS’s experience exchange program, where he specialized in providing M&A advisory services to single asset mining project developers.

    Diego Morales, Chairman of the Board of Directors at Pinheiro Cobaltum, stated: "On behalf of everyone, I would like to welcome Marcos to the Pinheiro Cobaltum’ team. The Members of the Board conducted a comprehensive search for the right specialist, and we believe that Marcos, is the person who best combines extensive M&A and corporate finance experience, financial and analytical skills, as well as strategic and managerial talents. Marcos has an impressive track record in mapping out new mining projects or working with developing mining companies which is invaluable to Pinheiro Cobaltum as we continue to advance our corporate strategy and move our highly undervalued cobalt assets forward.”
    Mr. Silva commented: "The Pinheiro Cobaltum team has done an impressive job in putting together a large resource base with quality, undervalued cobalt projects in mining friendly jurisdictions within southern Brazil. I am delighted to be joining the team, and I am excited about the opportunity to promote our corporate strategy and enhance the value of our projects for our shareholders."

    About Pinheiro Cobaltum (ISIN: BREBTPACNER4)
    Pinheiro Cobaltum is an innovative and asset diversified cobalt extraction company focused on delivering growth, cash generation and stakeholder rewards. The firm’s profitability depends on its proven ability to develop and operate its existing and future properties on a competitive, cost effective basis. Pinheiro Cobaltum recognizes the importance of a safe and healthy work environment and is actively developing and implementing procedures, practices, training, and audit protocols across its operations to ensure the highest standards for its activities.

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