TORONTO (miningweekly.com) – Vancouver-based Inca Pacific has appointed director Michael Winn as interim president and CEO, after Jim Rothwell stepped down, the company reported on Monday.

Rothwell resigned “for personal reasons”, Inca Pacific said.

The company's main asset is the Magistral copper/molybdenum project, in Peru.

However, the firm is in dispute with the Peruvian government, which claims that the company has  not satisfied its obligation to make certain investments and minimum levels of expenditure.

Inca Pacific said earlier this month that Activos Mineros, the Peruvian agency responsible for administering the company's contract with the government of Peru, had withdrawn $3-million that the company had on deposit as security for its investment commitments.

The company said at the time it “disputes the interpretation Activos Mineros has taken”.

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