Founding Glencore partner Issroff to join cobalt miner Jervois board
Australia-headquartered cobalt and nickel mining and refining company Jervois Mining has recruited David Issroff, a founding partner with commodities giant Glencore and an ex-Xstrata board member, to serve as a nonexecutive director of its board.
Jervois, which this week announced the acquisition of the Freeport Cobalt business in Finland, said Issroff was a former colleague of many members of its board and management.
Issroff joined Glencore South Africa in 1989 and three years later, he transferred to Glencore’s head office in Switzerland with responsibility for the marketing of ferroalloys, including nickel and cobalt. He later headed the ferroyalloys division at Glencore.
He also served on the Xstrata board at the time of that company’s London initial public offering.
Issroff left Glencore and the Xstrata board in 2006 to relocate to the US, where he remains based today.
He is currently principal at New York-based City Hall Capital and has extensive experience across a wide range of asset classes and is actively involved leading the investment team at City Hall Capital.
Issroff will invest A$1-million alongside other company principals in the current equity raise, which including his contribution, is co-cornerstoned by Jervois insiders to at least A$3.5-million.
The company on Tuesday announced a fully-underwritten A$313-million equity raising comprising an A$87-million institutional placement and a A$226-million 1-for-1.56 accelerated prorate nonrenounceable entitlement offer to fund its acquisition of Freeport Cobalt and to invest in its Idaho Cobalt Operations, in the US.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...
VISIT SHOWROOM
Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
