International Mining & Infrastructure Corporation (LON:IMIC) has appointed industry veteran Graeme Hossie as a consultant in connection with fund raising initiatives and key strategic developments.
Hossie's services will be retained via a firm called Venture Development Partners (VDP), and he will act as principal consultant and special advisor to the chairman of IMIC, Ethelbert Cooper.
Hossie will be assisted by a core team within VDP, which will be exclusively assigned to assist IMIC in executing its business plan. VDP will receive a fixed monthly retainer and will also receive commissions on funds that it introduces to IMIC.
Hossie, the former chief executive of iron ore producer London Mining, has a proven track record of developing iron ore projects from exploration to production.
"Graeme brings a wealth of valuable experience and is one of the few individuals to have developed and managed an iron ore mine in West Africa from exploration through to well-established production, introducing a number of innovative financing techniques in the process. I look forward to working with VDP as we continue with the development of IMIC's exciting vision in African iron ore," Cooper said.
Last month, African iron-ore focused IMIC hired Chinese investment bank CITIC Securities to help it raise finance in China.
CITIC will seek to provide IMIC access with new capital in the Asian market, including Hong Kong and mainland China. Hossie will work with CITIC and also advise on the strategic development of IMIC's projects in Cameroon.
Source: proactive investors
- metaljunction »
- Metal News
Metal News & Events
METALJUNCTION PUBLICATIONS
Coal Insights (English) Monthly
Coal Insights is a ready reckoner for anyone associated with coal. This publication is aimed at tracking everything related to coal in India.
India Coal Market Watch(English) Monthly
ICMW is a one-stop source for all news, data and research pertaining to coal demand, consumption, stocks, spot- and long-term prices with respect to the Indian Market.
India Steel Market Watch (English) Monthly
ISMW is a brand new high-end steel market report, covering all aspects of the steel industry in India.
Steel Insights(English) Monthly
Steel Insights delves into various facets of the domestic and global steel industry such as market fundamentals, raw material price trends, price forecasts etc.