Mineral Commodities' CEO resigns

Belmont-based mining company Mineral Commodities’ chief financial officer Adam Bick has stepped up as interim chief executive officer after its former CEO Jacob Deysel resigned from the top job due to personal reasons.  

Mr Deysel resigned citing personal reasons after leading the company for just over a year.

He joined Mineral Commodities in 2017 and went on to become CFO in 2019 before being promoted to CEO in 2021.

Mr Deysel has more than two decades of experience in the heavy minerals industry and has held senior positions at companies such as Newmont Australia and Rio Tinto.

MRC chairman Brian Moller said he wanted to thank Mr Deysel for his contribution to the company.

“Jacob laid the foundation for MRC’s five-year strategic plan and the recent rights issue that was strongly supported by shareholders,” he said.

“He has worked hard on fostering strong relationships with shareholders and regulators, with the company now well placed to build improved profitability in its heavy minerals business and increase the asset value of its battery minerals business.

“The board is very grateful to Jacob and for his ongoing support and wishes him well in his future endeavours.”

Mr Deysel will remain available in an advisory capacity while Mr Bick assumes the role of interim CEO.

Mr Bick has more than 20 years’ experience in CFO and senior managerial positions within the resources industry.

He joined MRC in 2017 and was appointed CFO in 2019.

Mr Moller said Mr Bick would help execute the company’s vision in his new role.

“Adam has a long-term understanding of MRC’s assets and has built positive, wide ranging relationships with staff, customers, suppliers, shareholders and regulators,” he said.

“He brings strong business acumen and will continue to deliver the strategic plan for shareholders.”

Mineral Commodities’ shares were up 1.43 per cent to trade at 0.071 cents at 1:46 pm AEDT.