– CANADA, Toronto – Dundee Precious Metals Inc. (TSX: DPM), today announced the appointment of Kalidas Madhavpeddi to its Board of Directors, effective February 1, 2021.
“We are very pleased to welcome Kalidas Madhavpeddi to the Board of Directors. His depth of experience in the international mining industry will add valuable expertise to the Board,” said Board Chair, Jonathan Goodman.
As part of the refreshment process, Mr. Peter Nixon and Mr. Donald Young will not be standing for re-election to the Board at the 2021 Annual Meeting of Shareholders.
“On behalf of the Board, I’d like to extend a sincere thank you to Peter and Donald for their dedication to DPM over the years,” said Jonathan Goodman. “Their guidance and expertise have contributed significantly to the company as we have transitioned to a mid-tier producer.”
About Kalidas Madhavpeddi
Mr. Madhavpeddi has over 40 years of international experience in corporate strategy, mergers and acquisitions, government relations, marketing, mining engineering, and capital. He is currently the President of Azteca Consulting LLC, an advisory firm to the metals and mining sector. From 2010 to 2018, he was the CEO of China Molybdenum International, a privately held company and global producer of copper, gold, cobalt, phosphates, niobium, and molybdenum. His extensive career in the mining industry includes over 25 years at Phelps Dodge Corporation, starting as a Systems Engineer and ultimately becoming Senior Vice President for Phelps Dodge, and contemporaneously the President of Phelps Dodge Wire & Cable. Mr. Madhavpeddi is currently a director and Chair of the Audit Committee of Glencore plc and a director of Novagold Resources Inc. and Trilogy Metals Inc.
Mr. Madhavpeddi holds degrees from the Indian Institute of Technology, Madras, India, and the University of Iowa, and has completed the Advanced Management Program at Harvard Business School.
About Dundee Precious Metals Inc.
Dundee Precious Metals Inc. is a Canadian based, international gold mining company engaged in the acquisition of mineral properties, exploration, development, mining, and processing of precious metals. The Company’s operating assets include the Chelopech operation, which produces a gold-copper concentrate containing gold, copper, and silver and a pyrite concentrate containing gold, located east of Sofia, Bulgaria; the Ada Tepe operation, which produces a gold concentrate containing gold and silver, located in southern Bulgaria; and the Tsumeb smelter, a complex copper concentrate processing facility located in Namibia. DPM also holds interests in several developing gold and exploration properties located in Canada, Serbia, and Ecuador, including its 9.4% interest in Sabina Gold & Silver Corp. and its 19.4% interest in INV Metals Inc.
For more information: https://www.dundeeprecious.com/
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