Board of Directors

The management expertise and experience of each of the Directors is set out below:

Mr Anthony (Tony) Grey, Non-executive Chairman

Tony Grey graduated with a BA (Hons) in History and a Juris Doctor from the University of Toronto. Thereafter, he practiced law with a major law firm in Toronto for seven years. He immigrated to Australia in 1972 and founded Pancontinental Mining, which he built into a publicly-listed major diversified mining house with interests in gold, base metals, coal, industrial minerals and uranium. He left Pancontinental Mining in 1992 and became a director of National Mutual Royal Bank for four years. Thereafter, Tony was appointed Chairman of Kingsgate Consolidated, a gold mining company listed on the Australian Stock Exchange. In 1992, Tony became a major shareholder and Executive Chairman of Polartechnics Ltd, an Australian Stock Exchange-listed biomedical company developing the revolutionary Australian invention of an optoelectronic means of diagnosing pre-cancer cells and cancer. He is also non-executive director of International Potash Limited. Tony is also a director of Mega Uranium Limited. Tony has written three books and numerous articles about the mining industry.

Mr Stephen Turner, Non-executive Deputy Chairman

Stephen Turner, founder of IFM, has extensive experience in financial markets and has specialised in the natural resources sector. Stephen has delivered resource projects in Australia, Southern Africa, Brazil, Fiji, New Caledonia and the Solomon Islands. He is also non-executive chairman of Vantage Goldfields Limited, a non-executive director of Iluka Resources Limited and an Executive Director of South American Ferro Metals Limited. He was a founding director of the Australian subsidiary of PSG Investment Group, then South Africa’s sixth largest investment bank. He has an extensive network of business contacts and has raised equity capital in Australia, the UK, Hong Kong, Malaysia and the USA. Stephen is an Australian Chartered Accountant.

Mr Stephen Oke, Non-executive Director

Stephen Oke holds a BSc Honours degree in Geology from the University of Southampton and an MBA from the University of the Witwatersrand Graduate School of Business. He has over thirty five years’ experience in the mining and metals industry of which some twelve years was spent in various operational management positions for the National Coal Board, Anglovaal Ltd, BP Coal and Johannesburg Consolidated Investment Co Ltd. Subsequently he has held senior positions in the investment banking industry for Smith New Court, Merrill Lynch, NM Rothschild and Sons and Standard Bank, specialising in the metals and mining sector where he advised on a number of transactions and equity capital fund raisings worldwide. Stephen is currently Chairman of Shaft Sinkers Holdings Plc and a director of Kolar Gold Limited.

Mr Xiaoren (Elgar) Yin, Non-executive Director

Xiaoren holds a bachelors degree in mining and a masters degree in metallurgical engineering. He has been an employee of IFL since 2004, having been previously employed by JISCO for a period of 19 years. He has held numerous executive positions during his career, including as a professional engineer, alternative director of the Rock Mechanics Engineering Council of China and Division Chief in JISCO’s Mining Administration.

Mr Xiaoping Yang, Non-executive Director

Xiaoping holds a masters degree from the Beijing University of Science & Technology. He joined Sinosteel Co as a Project Manager and became Branch General Manager in 1994. He moved to South Africa in 1998 where he undertook the role of Managing Director and Chief Executive Officer of ASA Metals (Pty) Ltd, a South African chrome mining and smelter business. Xiaoping joined JISCO as Assistant President in July 2002.

Mr John Ballard, Non-executive Director

John has extensive experience across a wide range of industries as both a senior executive and a Non-Executive Director. He was previously Managing Director and Chief Executive Officer of Southcorp Limited, Managing Director Asia Pacific, United Biscuits Limited and Managing Director Snack Foods, Coca-Cola Amatil Limited, a Director of Woolworths Limited and Email Limited, Chairman of Wattyl Limited, a Director of CSR Limited and subsequently Rinker Limited and a Trustee of the Sydney Opera House Trust. Mr Ballard is currently a Director of Fonterra Co-operative Group Limited, a Director of Magellan Flagship Fund Limited, Chairman of the Advisory Funds at Pacific Equity Partners and a Director of the Sydney Neuro Oncology Group. John is a Fellow of the Australian Institute of Company Directors and holds an MBA from Columbia University, New York.

Mr Jannie Muller, Finance Director

Jannie obtained his Bachelor in Accounting honours degree at the University of Stellenbosch in 1994. After completing his articles with Deloitte & Touche, and qualifying as a Chartered Accountant in 1997, he spent two years in London working for three international investment banks where he gained extensive experience in financial instruments and international financial markets. Upon returning to South Africa he worked as a treasury manager for the Old Mutual group for four years during which time he qualified as a Chartered Financial Analyst. Thereafter he worked for ABSA Bank for two years as investment specialist. He joined IFM in 2007 as Group Financial Manager and was appointed Chief Financial Officer in 2009. Jannie has since been appointed to the Board of Directors as Finance Director effective 18 March 2010.