International Mining & Infrastructure Corp names Ousmane Kane as new boss

AIM-listed International Mining & Infrastructure Corporation has appointed Ousmane Kane as its new Chief Executive Officer.

AIM-listed International Mining & Infrastructure Corporation has appointed Ousmane Kane as its new Chief Executive Officer.

Up until now, Haresh Kanabar, Chairman of the company had occupied the duel role of Executive Chairman while providing the duties of a Chief Executive Officer without the title of CEO.

Thus the role of CEO is a newly created position which the an investor relations officer at the company described as part of "the development of IMIC".

Ousmane has an engineering degree from Ecole Polytechnique in France and experience of senior level management posistions at a range of companies. From 2006, he served in public and commercial roles implementing reforms, restructurings and investment programmes.

He served as director general of Mauritania's state-owned iron ore company, Socit Nationale Industrielle et Minire (SNIM), as the country's minister of finance, as governor of the Central Bank of Mauritania and as a senior adviser to Mauritania's Head of State.

At SNIM he implemented a $1bn modernisation programme to increase the company's international competitiveness.

Kanabar said:"We are delighted to welcome Ousmane to IMIC's board of directors as CEO. His extensive experience of the mining and financial industries, along with his broader experience of African development, will be of great value in the implementation of IMIC's strategy to unlock the potential of West African iron ore."

MF

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

Here’s why you really should own at least some bitcoin
Bitcoin

Here’s why you really should own at least some bitcoin

While bitcoin is having a quiet year – at least in relative terms – its potential to become the default cash system for the internet is undiminished, …
16 Sep 2020
Will a second wave of Covid lead to another stockmarket crash?
Stockmarkets

Will a second wave of Covid lead to another stockmarket crash?

Can we expect to see another lockdown like in March, and what will that mean for your money? John Stepek explains.
18 Sep 2020
James Ferguson: How bad data is driving fear of a second wave of Covid-19
UK Economy

James Ferguson: How bad data is driving fear of a second wave of Covid-19

Merryn and John talk to MoneyWeek regular James Ferguson about the rise in infections in coronavirus and what the data is really telling us.
17 Sep 2020