The Team

 

The Board of KazakhGold comprises four executive and four non-executive directors.  Between them they have significant industry, technical and international expertise, as well as in-depth local operational knowledge.

Kanat Shaikhanovich Assaubayev
Executive Chairman

Kanat Assaubayev was appointed Executive Chairman in 2007, having previously served as President and Chief Executive Offi cer since the Group’s IPO in 2005. He has been President of Kazakhaltyn since 1999, and was also a member of the Board of Directors of Kazakhaltyn from 2001 until 2004, subsequently being re-elected a Director in February 2005. Between 1991 and 1999, he established and participated in the management of a number of companies in Kazakhstan, in several different industrial sectors, some of which provided goods and services to various Kazakh government ministries. Kanat graduated from the Kazakh Polytechnic Institute in 1970, and later received a candidate of science degree from The Institute of Systemic Analysis in Moscow in 1978. In 1985 he was awarded a doctor of science degree from the Institute of Steel and Alloys in Moscow. In 2006, he was awarded the Kurmet Order by the President of Kazakhstan.

Member of the Health, Safety and Environment Committee

Baurzhan Kanatovich Assaubayev
Joint Managing Director, Internal Affairs & Government Relations

Baurzhan Assaubayev is a First Vice President of Kazakhaltyn, where he has been responsible for gold mining and processing operations since 1999. He graduated from the Kazakh National Technical University in 1992, where he specialised in system software development. In 1996 he received a candidate of science degree, from the same university, in the automation of technological processes and production cycles.

Aidar Kanatovich Assaubayev
Executive Vice Chairman

Aidar Assaubayev is responsible for corporate development. He is a Vice President of Kazakhaltyn, which he joined in 1999. His responsibilities there include the supervision of the legal department, international activities and introduction of new mining and processing technologies. In 2000, he graduated with honours from the Kazakh National Technical University, where he specialised in engineering and economics. In 2006 he received a doctor of economics degree from the Institute of Systemic Analysis in Moscow.

Member of the Health, Safety and Environment Committee

Marussya Maralovna Assaubayeva
Deputy Chief Executive Officer, Health, Safety, Environment and HR

Marussya Assaubayeva was Vice President of Kazakhaltyn from 2000-2001 and was Director and Deputy Chairperson of the Board of Directors between 2001 and 2004. In 2005 she was re-elected as a Director and Deputy Chairperson of the Board of Directors. She graduated from the pharmaceutical department of the Almaty Medical Institute in 1972.

Member of the Health, Safety and Environment Committee

Sanzhar Assaubayev
General Manager, London Office

Sanzhar Assaubayev is an Executive Director and General Manager of the London office of KazakhGold Group Ltd. He was appointed to the Board in June 2007. He joined Kazakhaltyn in 2004 as a Director of International Affairs. He graduated from Leysin-American University in Switzerland in 2004, and received a BBA from the American University in London in 2007.

Darryl Norton
Joint Managing Director & Chief Operating Officer

Darryl Norton joined the Board as an Executive Director and Chief Operating Officer in 2007. He is responsible for production at KazakhGold’s principal mining operations. He has over 24 years’ experience in the engineering and mining industry, gained most recently as Executive Director at Oxus. Prior to Oxus, he spent 14 years at MAED Limited as Projects Director, where he led major projects for gold mining companies such as Durban Roodeport Deep, Anglogold and Oxus, for whom he led the construction and commissioning of their Amantaytau Goldfi elds oxide project in Uzbekistan. Prior to joining MAED, he worked on capital projects for Fluor, TWP, Bateman and Gencor, including both surface and underground mining projects.

Toktarkhan Kozhagapanov
Non-Executive Director

Toktarkhan Kozhagapanov has been Chairman of the Board of Kazakhaltyn since 2001. Between 1993 and 1997 he served as Chairman of the Supervisory Board of JSC Turan Bank, leaving to become a Vice Governor of the Almaty region between 1997 and 2001. He graduated from the Kazakh Polytechnic Institute and the National Academy of Economics of the USSR Council of Ministers. He also has a candidate of science degree in Economics. In 1989, he received the title of Honoured Economist of the Republic of Kazakhstan. In 2005 he was awarded the Kurmet Order, a prestigious national award, by a decree of the President of Kazakhstan.

Member of the Audit and Remuneration Committees

David Netherway
Non-Executive Director

David Netherway is a mining engineer with over 30 years of experience in the mining industry. He is currently the CEO of Shield Mining Limited, an Australian listed company exploring for gold and base metals in Mauritania. From April 2002 until the completion of its takeover by Eldorado Gold Corporation in 2005, he served as the President and Chief Executive Offi cer of the Toronto listed Afcan Mining Corporation, a China focused gold mining company. He is a mine developer and operator who was involved in the construction and development of the Iduapriem, Siguiri, Kiniero and Samira Hill gold mines in West Africa and has mining experience which includes Australia, Canada, India, Nepal, Oman and Malaysia. Prior to joining Afcan, he held senior management positions in a number of mining companies, including Golden Shamrock Mines, Ashanti Goldfi elds and Semafo Inc. He received a B.E. in Mining Engineering from the University of Melbourne in 1975 and a Certifi ed Diploma in Accounting and Finance from the Chartered Association of Certifi ed Accountants in the United Kingdom in 1985.

Chairman of the Health, Safety and Environment Committee; Chairman of the Remuneration Committee; Member of the Audit Committee

Stephen Oke
Non-Executive Director

Stephen Oke has over 30 years’ of mining operational management, and natural resources investment banking experience. He has held senior positions with Standard Bank, NM Rothschild & Sons Ltd., Merrill Lynch and Smith Newcourt. He has also worked previously with the UK National Coal Board, AngloVaal Mining (Johannesburg), BP Coal (Pty) Ltd. and Johannesburg Consolidated Investment Ltd. He is a Non-executive Director of International Ferro Metals Ltd and Nikanor PLC. He has an honours degree in Geology from the University of Southampton and an MBA from the University of the Witwatersrand Graduate School of Business, in Johannesburg.

Chairman of the Audit Committee; Member of the Remuneration Committee

Bill Trew*

Bill Trew has over 25 years’ experience in the engineering and mining industry, most recently gained at the AIM listed Central Asian mining company, Oxus Gold plc where he is Chief Executive Officer, a role which he has held since November 2002. Mr Trew began his career in 1980 with Gold Fields of South Africa. He has been an engineer for various companies such as Chamber of Mines Research Organisation, Dorbyl Heavy Engineering, and E.L. Bateman Limited. In 1990, he founded MAED, and currently acts as its Non-executive Chairman. He has been involved as project manager in many of the company’s major assignments, including the Yatela Heap Leach project and the Syama Gold Mine project, both in Mali, West Africa. He holds a B.Eng. (Mech.) Hon. from the University of Wales Institute Science and Technology, an M.Eng. from Rand Afrikaans University, Johannesburg and he is a registered professional Engineer with the Engineering Council of South Africa.

* Appointed in 2007, following the year end.

Chairman of the Audit Committee; Member of the Remuneration Committee

Supervisory Committees
The directors of KazakhGold have also formed three supervisory committees. These comprise:

Audit Committee
Steve Oke - Chairman
David Netherway
Toktarkhan Kozhagapanov

Remuneration Committee
David Netherway - Chairman
Steve Oke
Toktarkhan Kozhagapanov

Health, Safety and Environmental Committee
David Netherway - Chairman
Kanat Assabauyev
Aidar Assabauyeva
Marussya Assaubayev