Toronto-based INCO LIMITED has appointed Robert (Bob) D.J. Davies as executive VP and CFO effective Nov. 1, 2005. He currently serves as CFO of Alumina Limited, the Australian partner in the Alcoa World Alumina and Chemicals business that was formed after the December 2002 demerger of WMC Limited. He previously worked for WMC in senior treasury and tax roles, held senior positions with BHP Limited in the treasury, accounting and financial planning areas in Canada, the United States, Chile and Australia, and also served as VP finance of Minera Escondida.
Rex McLennan, executive VP and CFO of Vancouver’s PLACER DOME, has left the company to pursue other interests. Bruce Nicol, the company’s VP and controller, has been named interim CFO.
BANRO CORP. of Toronto has promoted Michael Skead to VP exploration for its four 100%-owned projects in the Democratic Republic of the Congo. He is based in the company’s exploration office in Bukavu, DRC.
BOLIVAR GOLD of Toronto has hired Hector Araya as general manager of its Choco 10 gold mine, effective Aug. 15. In the past 30 years, he has had extensive mine management experience in Latin America for a number of companies including Coeur d’Alene Mines, Lac Minerals and Rosario Resources. Araya holds mining degrees from the Universidad de Santiago in Chile, Camborne School of Mines in England and Columbus University in the United States.