Teras Resources Appoints Joseph Carrabba as President and CEO
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Teras Resources has appointed Joseph “Joe” Carrabba as director, president and CEO of Teras.
Joseph A. Carrabba, holds a Bachelor’s Degree in Geology from Capital University and an MBA from Frostburg State University. Carrabba has an extensive and impressive mining background; he recently retired as director of Newmont Mining (June 2019) serving on Newmont’s Operations and Safety Committee and the Environmental and Social Committee as well as chair of Newmont’s Safely and Sustainability Committee.
Carrabba was also the chairman, president, and chief executive officer of Cliffs Natural Resources, formerly Cleveland-Cliffs from 2005 to 2013, with multinational mining operations in North America, Australia, Latin America, and Asia. From 2003 to 2005, he served as president and chief operating officer of Diavik Diamond Mines. Carrabba has extensive board experience with several listed companies including Key Bank, Lithium-X, Fura Gems, Newmont Mining , and Timken Steel. Carrabba is also on the board of many TSX-listed companies including AECON, NioCorp, Winston Gold, and Bond Resources.
“I am extremely pleased to welcome Joe Carrabba to Teras as president and CEO. After many years in a suppressed gold sector, the market appears to be improving. This is a perfect time for Mr. Carrabba to lead and represent the company and its exceptional portfolio of projects. Having been a long time director for Newmont Mining, Joe has the in-depth knowledge and expertise to position our flagship Cahuilla project for advancement and eventually production. I am excited to be working alongside of Mr. Carrabba for the future growth of the company and to enhance shareholder value,” said Peter Leger, former president and CEO.
“I am honored and very excited to assume the leadership of Teras Tersources and continue the great work Peter and the board have executed for many years developing the flagship Cahuilla project,” said Joe Carrabba.
About Teras
Teras is focused on developing its Cahuilla project located in Imperial County, California. The project encompasses an area of at least 3 km by 1.5 km and Teras believes that the Cahuilla project has the potential to develop into a mining operation consisting of altered and mineralized sedimentary host rocks with numerous sheeted high-grade sheeted quartz veins.
To stop by Teras’ website, CLICK HERE
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