Sinomine Resource Group has announced the appointment of Logan Lou Yonggang as Chief Executive Officer (CEO) of the Sinomine Tsumeb Smelter.
Managing Director Zebra Kasete, will now serve as Executive Vice President of Business Development for the smelter.
Kasete will focus on client acquisition, strategic partnerships and stakeholder relations.
He will remain on the board of Sinomine Tsumeb Smelter alongside Chairman Wang Zhenhua, Wang Pingwei, Clara Bohitile and Lou Yonggang while continuing his term as President of the Chamber of Mines of Namibia until 2025.
According to the Group, under Kasete’s leadership, the smelter achieved significant milestones, including winning the 2021 Chamber of Mines of Namibia inter-mine safety competition and being recognised as one of the best places to work by Deloitte in 2017.
Meanwhile, Lou Yonggang brings over 19 years of experience in the metallurgical and financial industries.
He holds a master’s degree in metallurgical science and engineering and has held prominent roles in China’s Nonferrous Metals Industry Association. His expertise in metals and new materials, combined with his leadership roles at Sinomine Resource Group, positions him to lead the smelter into its next phase of growth.
This comes after in August 2024, Dundee Precious Metals Inc. (DPM) successfully concluded the sale of its Tsumeb smelter to a subsidiary of Sinomine Resource Group Co. Ltd. (Sinomine).
The transaction was finalised on a debt-free and cash-free basis, with a purchase price of N$281.63 million (US$15.9 million).
As part of the agreement, N$88.75 million (US$5 million) will be held in escrow for six months to safeguard Dundee Precious Metals’ indemnity obligations. Sinomine Resource Group is a Chinese-based global mining group with a comprehensive resource industrial chain.-
