Trevali Mining Corp. says its president and CEO, as well as its chief operating officer, have resigned.
The Vancouver-based miner says Rikus Grimbeek, who has been CEO since 2019, will step down from the company. It said chief operating officer Derek du Preez will also leave on October 14.
Trevally also says the British Columbia Supreme Court has approved the company’s application for a divestment and investment process for its wholly-owned Caribou mine in New Brunswick, as well as its 90 per cent interest in the Rosh Pinah mine in Namibia.
Trevali filed for creditor protection under the CCAA (Company Creditor Protection Act) in August.
As a result, the Toronto Stock Exchange suspended trading in Trevali shares. The company’s common stock will be delisted at the close of the market on October 3.
Earlier this week, Trevali confirmed that two of its executives had been convicted of manslaughter in Burkina Faso following a flood at the company’s Perkoa mine that killed eight workers.
Eight workers were killed
On April 16, workers were trapped more than 500 meters below the surface of the mine after heavy rain caused a flash flood.
Pumping equipment had to be imported from other countries, including Ghana and South Africa, raising questions about how prepared the company was for a disaster.
Perkoa mine manager Hein Frey, who is South African and worked for Trevali, received a 24-month suspended sentence.
Daryl Christensen, who is South African and manager of Trevali Byrnecut’s contractor firm, was given a 12-month suspended sentence.
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