Aura Minerals Appoints Rodrigo Barbosa as President and CEO
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Aura Minerals Inc. has appointed Rodrigo Barbosa as president and CEO.
Jim Bannantine will step down as president and CEO on January 15, 2017 for personal reasons with Rodrigo Barbosa, the company’s CFO, to assume the president and CEO position. Bannantine has agreed to remain a director.
The company has also retained the services of Ludovico Costa as a special advisor to the CEO. Costa has over 35 years of extensive mining experience in both Brazilian and international companies including open pit and underground mining operations. In addition to several other senior management positions, Costa was the former COO of Yamana Gold Inc. Costa has a degree in mining engineering from the University of Sao Paulo and is fluent in English, Portuguese and Spanish.
“Rodrigo is a high caliber executive and I am confident that his skills and experience will allow Aura to continue to grow as a company and provide benefit to all stakeholders. Ludovico has tremendous mining experience and will greatly assist the company while we put EPP into full production and review our other operations. While I am stepping down as president and CEO for personal reasons, I look forward to continuing to support the company as a board member. My decision to step down as president and CEO was a difficult one, however, it does not have anything to do with my view of the company. I believe the company’s value will be unlocked and I intend to keep my current shareholding and further grow this position,” said Jim Bannantine, director and former president and CEO of Aura Minerals.
Rodrigo Barbosa joined Aura Minerals in October 2016. Barbosa was previously the CEO of Tavex / Santista, a world-leading integrated manufacturer of denim with worldwide operations including Brazil, Mexico and the US. During his tenure at Tavex / Santista, Barbosa led a successful strategic, finance, marketing and operations turnaround. Prior to Tavex / Santista, Barbosa was the CFO of the investment holding company of Camargo Correa Group, one of the largest conglomerates in Brazil and parent company of Tavex / Santista. As CFO he spearheaded M&A transactions totaling over US$3.0 billion and structured and placed over US$2.5 billion in debt. Barbosa has served as a board member of leading public infrastructure companies in Brazil and worked as an investment banker for BBA Creditanstalt inBrazil (now Itaú Bank). In North America, Barbosa has previously worked for Potash Corporation.
Barbosa has an MBA from the University of Southern California (USC) and a Bachelor of Mechanical Engineering from the Universidade Mackenzie (Sao Paulo, Brazil). He is fluent in Portuguese, Spanish and English.
About Aura Minerals
Aura Minerals Inc. is a Canadian mid-tier gold and copper production company focused on the development and operation of gold and base metal projects in the Americas. The company’s producing assets include the San Andres gold mine in Honduras and the Sao Francisco gold mine in Brazil.
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