LONDON Feb 17 (Reuters) – Brazil’s Ferrous Resources,
a miner in the country’s “Iron Quadrangle” that has been seeking
partners to fund development and infrastructure, said on Friday
it had appointed a former Vale manager as its new
chief executive.
Ferrous, which has twice pulled IPO plans, has appointed
Jayme Nicolato Correa, a former director of miner Vale’s Carajas
Mining, Railway and Port System and former head of iron ore at
steelmaker CSN.
“I have accepted the role of CEO because I am confident of
the underlying strength of Ferrous Resources and the potential
that exists to deliver the board’s objectives,” Correa said in a
statement.
Correa will take up his position on March 1. Ferrous’
previous chief executive, Mozart Litwinski, stepped down with
immediate effect last month.
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