Mineral Commodities Ltd (ASX: MRC) is a global mining and development company with a primary focus on the development of high-grade mineral deposits within the mineral sands and battery minerals sectors.
MRC is committed to undertaking operations in a socially and environmentally responsible manner that is consistent with industry best practice and the safety and well-being of its people is core to the operational culture. MRC is proud of the diversity of its global workforce of 206 employees and the culture of safety and community it has fostered. MRC is committed to safe and sustainable business practices which bring value to its employees, customers, shareholders and result in a social dividend to local communities.
MRC is a diversified mining company executing two complementary business strategies focused on the production of Heavy Mineral Sands and Natural Flake Graphite concentrates from two of the world’s highest-grade mines and one shovel-ready development project.
MRC currently operates the Tormin Mineral Sands Operation, South Africa as well as the Skaland Graphite Operation in Norway.
MRC is also currently developing the Munglinup Flake Graphite Project.
As part of its graphite strategy, MRC is investing in a downstream value-adding strategy targeting the production of low CO2 emission, environmentally sustainable natural battery anode material from both the Skaland and Munglinup natural flake concentrate. MRC’s anode strategy is targeting the production of natural anode material from dedicated anode plants in Europe and Western Australia as early as late 2021, which aims to capitalise on the fast-growing demand for sustainably manufactured Lithium-Ion Batteries.
MRC Share Price and Trading History
KEY PEOPLE
David Lewis Baker | Independent Non-Executive Chairman
Mr David Baker has extensive experience in governance, resource company leadership, investment banking and law as an advisor, lender and principal.
His governance and corporate leadership experience includes roles as the Chair, Non-Executive and Executive Director and Managing Director of two ASX listed companies and a major independent private school in Sydney. This breadth of boardroom experience informs his understanding of the importance of the role of independent Non-Executive Directors in decision-making processes for public companies and his ability to support those processes.
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Russell Gordon Tipper | Chief Executive Officer
Mr Russell Tipper holds a Bachelor of Engineering (Mining), a Master of Business Administration, a WA Quarry Manager’s Certificate of Competency and is a member of the Australasian Institute of Mining and Metallurgy.
Mr Tipper has considerable executive, mining and project level experience, having held a number of senior executive positions with mining companies over the years, including group treasurer for a large miner for four years. He has delivered feasibility studies and project proposals for major mining and infrastructure projects, such as the Hope Downs Iron Ore Project and the Karara Magnetite Project. His in-country experience with responsibility for iron ore and manganese projects in South Africa gives him a good understanding of the mining regime in that country.
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Adam Bick | Chief Financial Officer
Mr Adam Bick was appointed Chief Financial Officer in June 2019. Prior to this, he was the Group Financial Controller and Commercial Manager of the Company, commencing in April 2017. He is a Chartered Accountant with over 22 years of experience in CFO and/or senior managerial positions in the resources industry. His commodities experience incorporates oil, gas, mineral sands and iron ore with companies including Fortescue Metals, ARC Energy Ltd and New Zealand Oil & Gas.
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