TiZir Limited is a vertically integrated zircon and titanium business which owns the Grande Côte mineral sands mine in Senegal and the TiZir Titanium and Iron ilmenite upgrading facility in Norway. The company is jointly owned 50/50 by Mineral Deposits Limited of Australia and Eramet of France. TiZir benefits from Eramet’s broad expertise in mining, metallurgy, logistics, R&D and marketing, and from Mineral Deposits’ development expertise and mineral sands mining experience.
About the Owners
Eramet is a leading global producer of alloying metals, particularly manganese and nickel and high-performance special steels and alloys, used in industries such as aerospace, power generation and tooling.
The Group employs approximately 15,000 people in 20 countries. Eramet is part of Euronext Paris Compartment A and is listed on the MSCI index.
Mineral Deposits Limited is an Australian-based, ASX listed mining company with extensive mineral sands mining experience and development expertise. In early 2000, MDL shifted its focus from Australia to Senegal, West Africa, where it successfully built and operated the Sabodala gold mine – the first major resource project in Senegal for 50 years – before demerging the asset to focus on its mineral sands business. The company brought the Grande Côte mineral sands project to the construction phase before moving the asset to TiZir in late 2011.
TiZir Limited Group Anti-Bribery and Corruption Policy – A word from the Chairman
”Globally, corruption is recognised as generating distortions and inequities that damage business and communities. Many jurisdictions, including the ones within which we operate, have strong laws regulating corruption.
“In terms of our business, there are intolerable legal, financial and reputational consequences if we, at any level within our organisation, condone, ignore or participate in corruption.
“We want our organisation and all of our people to work not only for the benefit of our financial stakeholders but also for a greater good for all of the individuals and communities we interact with in our business lives…”
Nic Limb – Chairman
Nic has professional qualifications as a geoscientist and worked in the mineral exploration sector for 10 years. In 1983 he joined a stockbroking firm as a corporate financier in the natural resources finance division and subsequently joined a major international investment bank as an executive director, again working in resources finance.
In 1993 he became managing director of a small, listed gold explorer which grew to a substantial gold producer prior to being taken over in 2000. In 1994 he formed Mineral Deposits and has acted as chairman since that time. During his tenure as chairman, MDL discovered and subsequently developed the large Sabodala gold project in Senegal and has progressed the Grande Côte mineral sands mine to its current production status.
Nic has been a non-executive director of a number of public companies over the last 20 years and currently holds a non-executive chair position with FAR Limited.
Philippe Vecten – Director
Philippe is a mining engineer who has held various senior positions within the Eramet Group since 1999. These include Managing Director of Société Le Nickel in New Caledonia, Vice President Strategy and Acquisitions and, since June 2007, Eramet Delegate CEO and Manganese Division Managing Director.
Prior to joining Eramet, he spent 25 years in the mining sector, mainly in potash mines (15 years in France, Brazil and Canada) and iron mines (eight years in France).
Philippe also has an MBA from the University of Paris.
Martin Ackland – Director
Martin is a qualified metallurgist who has spent over 40 years in the resources industry in a variety of roles that involved the creation of major resource groups from small capital bases. He has served as a director of a number of listed mining companies involved in gold, uranium and base metal production. From 1987 to 1995, Martin was an executive director of Ticor Limited (formerly Minproc Holdings Limited) where he was responsible for the successful implementation of the Tiwest Project – the world’s only integrated mineral sands mine, synthetic rutile and TiO2 pigment operation.
He brings to TiZir a very strong background in project development, particularly in mineral sands, at a time when the Grande Côte mineral sands project is a primary focus of attention. His experience embraces a range from project development through financing and capital raising in both the project and corporate areas.
Charles Nouel – Director
Charles qualified as a geoscientist more than twenty years ago. His various assignments in geology, mining engineering, project development and marketing has given him a wide and global view of the mining business. He has worked in France, Australia and New Caledonia for commodities such as Gold, Nickel and Manganese.
For the last seven years, Charles has been at Eramet’s HQ in Paris, where he was Deputy VP Industrial of the Nickel division, then VP Ore Market of the Manganese division. More recently, he has also taken on the role of VP TiO2 and Zircon Business.
Robert Sennitt – Director
During this period, Rob was a Managing Director at RBC Capital Markets, an Executive Director at Macquarie Capital and also worked with J.P. Morgan in Australia. Rob was appointed Chief Executive Officer of MDL on 1 June 2015 after an initial period working with the Company on strategic and business development initiatives.
He has a Bachelor of Economics from the University of Sydney and is a member of the Chartered Accountants of Australia and New Zealand.
Thomas Devedjian – Director
Thomas, aged 44, is a graduate of the Paris Institute of Political Studies (IEP), the Ecole des Hautes Etudes Commerciales (HEC), and an alumnus of the Ecole Nationale d’Administration (ENA) He had various assignments in the French Civil Service, where he was a technical advisor to a number of Finance Ministers. After being Deputy Director of Investments with EURAZEO, he joined the French Strategic Investment Fund (FSI) in 2009, the company later integrated with Bpifrance, and Thomas continued with the firm as Director and Member of the Executive Committee. In February 2014, he was appointed Investment Director of YAM Invest and CEO of Time for Growth.
Thomas joined the Eramet Group in September 2015 and was appointed CFO on January 1st 2016.
Jean-Michel Fourcade – Director
Prior to becoming the CEO of TiZir Limited in April 2013, Jean-Michel joined Eramet in 2002 as VP Operations of the Manganese Division and then moved to the position of VP of R&D, Innovation, Engineering and Purchasing at the corporate level.
Jean-Michel is a graduate of the Paris School of Mines and of the Advanced Management Program in INSEAD. He has solid experience in plant management and International project development. He has held various operational positions at Société Le Nickel in New Caledonia and Arcelor Mittal in France.
Jean-Michel brings extensive experience as an executive. His former responsibilities include Board Member positions at Eramet China, Eramet Marietta and Eramet Norway and he has been Chairman of TiZir Titanium and Iron since 2008.