Asante Gold announces appointment of new Directors
Asante Gold Corporation announcesip the appointment of David Anthony, Chief Executive Officer of Asante, and Edward Nana Yaw Koranteng, Chief Executive Officer of Minerals Income Investment Fund (“MIIF”), to the Company’s board of directors and the
resignation of Nadia Abdul Aziz as a director of the Company, all with immediate effect.
Douglas MacQuarrie, Chair of the Board stated, “The Board will derive significant benefit from these two new appointments. Dave’s appointment follows naturally from his role as Asante’s Chief Executive Officer for the past year and previously as Chief Operating Officer.
Edward’s appointment reflects both his deep experience in mine finance and his perspective as a representative of MIIF, a significant Asante shareholder and a strong supporter of Asante’s gold mining operations in Ghana. We thank Nadia for her outstanding contributions to Asante on the Board, the ESG and the Audit Committees. We look forward to her continued involvement in Asante’s community initiatives.”
David Anthony has more than 40 years of experience in mine project development and operation at the senior management and executive levels. He worked with Barrick in Africa for 10 years and became COO of African Barrick Gold. He has also worked in Canada, Ecuador, Brazil, Indonesia, Chile and Argentina
to design, deliver and operate open pit and underground mines.
Prior to Asante, he was Chief Operating Officer of Cardinal Resources Limited before its takeover by Shandong Gold for more than $500 million.
At the time, Cardinal was developing the 5 million oz (reserve) Namdini Gold Mine in Ghana.
Edward Koranteng is a lawyer and an experienced corporate and investment banker with over 23 years working experience. Since 2021, as Chief Executive Officer of MIIF, a sovereign minerals wealth fund, he oversees the management of Ghana’s equity interest in mining companies and manages all royalties paid to
the state from mining activities.
Prior to his appointment to MIIF, Mr. Koranteng was the Business Head for East, Central and Southern Africa for Ghana International Bank plc (GHIB) in the United Kingdom, and was stationed primarily in Nairobi, Kenya where he was also responsible for GHIB’s energy and mining
portfolio and led various financing projects in Ethiopia, Tanzania, Kenya and Malawi.
Prior to that, Mr. Koranteng worked with the Chase Bank Group (Kenya), now SBM Bank of Mauritius, which included Genghis Investment Bank, as the Group Head for Energy, Oil, Gas and Mining. He has held executive and senior managerial positions covering corporate, oil and gas and mining for Ecobank Ghana, Access Bank
Ghana and Fidelity Bank.
He began his career as a Management Consultant with PriceWaterhouseCoopers
in 1999 in Ghana. He holds a Master of Laws Degree in International Banking and Finance from the University of Leeds.
In other news, with the Company having fully investigated the matters that arose at the Annual and Special General Meeting held on December 21, 2022, the Executive Committee of the Board that was formed has now been dissolved.
