Nevsun
Nevsun Resources' Bisha mine
Eritrean mining company Nevsun Resources has appointed Ryan MacWilliam as its CEO, effective from 28 August 2017.

MacWilliam replaces Tom Whelan, who is leaving Nevsun Resources to pursue other interests.

“MacWilliam has the mining finance and capital markets skills that Nevsun needs as we focus on our next phase of growth,” says Peter Kukielski, Nevsun Resources’ President and CEO. “I am confident that he will be an exceptionally strong addition to the management team.”

Prior to Nevsun Resources, MacWilliam worked for London-based X2 Resources LLP, where he was a director at the private equity fund focused on base metals and other mined commodities. His work at X2 involved assessing the optimal capital structure for transactions, including arranging debt financing, presenting transactions to institutional equity investors and negotiating with strategic partners.

MacWilliam’s responsibilities also included coordinating due diligence processes for deals across a variety of geographies and commodities.

Prior to X2, MacWilliam worked at Anglo American, where he had roles in the copper, platinum and iron ore divisions in South Africa, the UK and the USA.

His responsibilities in these various roles included corporate development; implementing and developing budget processes, cost controls and financial systems, and business planning and operational improvement.

MacWilliam obtained a Master of Business Administration from Harvard Business School where he was a Baker Scholar. He has a Bachelor of Business Science degree in finance from the University of Cape Town and is a designated Chartered Financial Analyst.

“Whelan has been an excellent, professional and dedicated business colleague to me, to my predecessor and to the Nevsun leadership team. We are grateful for his contribution to Nevsun. We thank him for his service to the company and wish him the best in his future endeavours,” Kukielski concludes.

Featured image credit: Nevsun Resources (Bisha mine in Eritrea)