News Column

Pala Investments Announces Expansion of Its Team

May 6, 2014



ZUG, Switzerland--(BUSINESS WIRE)-- Pala Investments, an investment company focused on the mining sector, is pleased to announce the expansion of its team and several promotions.

Michael Barton will lead Pala's Investment Team in the new role of Chief Investment Officer, overseeing opportunity evaluation, transaction execution, and investment management. Michael has been involved in many of Pala’s largest transactions, has developed numerous investment opportunities and, as a board member, has provided effective oversight and value-enhancing guidance to many of Pala’s investments.

Martyn Buttenshaw has been promoted to Vice President within Pala's Investment Team. In particular, Martyn has worked closely with Sierra Rutile since 2011 in the successful development and execution of strategic plans, growth projects, product marketing, and achievement of operational goals. Martyn has also evaluated and developed a number of investment opportunities across the mining sector.

Mike Brown has been promoted to Managing Director and will continue to lead Pala's Technical and Operations Team. Mike has overseen operational successes across Pala’s portfolio, including the doubling of production at Sierra Rutile, and the successful construction and commissioning of Asian Mineral Resources’ underground nickel sulfide mine. Mike remains responsible for all technical aspects of Pala's portfolio of mining assets, including mine construction, expansion, and optimization.

Phil Day has joined Pala’s Technical and Operations Team in the role of Senior Manager. Phil brings extensive metallurgical expertise to the group, having led AMEC’s process engineering business in the Americas. During the course of his career, Phil advised a large number of mining companies across a number of commodities with wide-ranging processing facilities and solutions. Prior to AMEC, Phil worked for BHP Billiton and Anaconda in Australia, also in process engineering.

Philip Clegg has been promoted to Vice President and will assume a new role as the head of Pala's Finance Team. Philip has delivered a number of financial projects for Pala’s portfolio companies and, in 2012, was seconded as the CFO of Dumas Mining, where he advised on M&A and strategic partnerships, developed management processes, and refinanced the business. In his new role, Philip will lead Pala’s partnership with its portfolio companies in financial matters, including M&A, capital raising, financial strategy and management, and will oversee acquisition finance for new Pala investments.

Richard Brown will remain in his role as Manager – Finance. Richard will retain day-to-day responsibility for all internal financial matters, including financial and management reporting, and cash management. In addition, Richard will continue to lead tax and corporate structuring, for both Pala and potential new investments.

Jan Castro, Chief Executive Officer, commented, “Pala’s team brings together specialists from the mining industry with experts in the finance, legal and consulting professions. With our diversity of skills, we work together with our portfolio companies to create value throughout the mining life cycle.

“The Pala team now comprises 19 accomplished professionals from all over the world. I congratulate the newly-promoted members of the team and look forward to working closely with them in this exciting new era of Pala's continued growth.”

About Pala

Pala Investments is an investment company focused exclusively on the mining sector with a strong track record of successful investments and value creation. Pala’s team has extensive experience within the sector and seeks to assist companies in which it has long-term shareholdings by providing strategic advice and innovative solutions in development, production, turnaround and advanced exploration situations. Pala invests across all geographies and in all mining commodities as well as mining services and consumables. For more information, visit www.pala.com.




Pala Investments

Philip Clegg

+41-41-560-9070

Source: Pala Investments


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