International Mining & Infrastructure Corp names Ousmane Kane as new boss

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LONDON (ShareCast) - AIM-listed International Mining & Infrastructure Corporation has appointed Ousmane Kane as its new Chief Executive Officer.

Up until now, Haresh Kanabar, Chairman of the company had occupied the duel role of Executive Chairman while providing the duties of a Chief Executive Officer without the title of CEO.

Thus the role of CEO is a newly created position which the an investor relations officer at the company described as part of "the development of IMIC".

Ousmane has an engineering degree from Ecole Polytechnique in France and experience of senior level management posistions at a range of companies. From 2006, he served in public and commercial roles implementing reforms, restructurings and investment programmes.

He served as director general of Mauritania's state-owned iron ore company, Société Nationale Industrielle et Minière (SNIM), as the country's minister of finance, as governor of the Central Bank of Mauritania and as a senior adviser to Mauritania's Head (Other OTC: HEDYY - news) of State.

At SNIM he implemented a $1bn modernisation programme to increase the company's international competitiveness.

Kanabar said:"We are delighted to welcome Ousmane to IMIC's board of directors as CEO. His extensive experience of the mining and financial industries, along with his broader experience of African development, will be of great value in the implementation of IMIC's strategy to unlock the potential of West African iron ore (Other OTC: WWEXF - news) ."

MF