Nation building in Papua New Guinea

Mayur’s Board and Senior Management Team bring with them a wealth of experience from around the globe, with a full ‘cradle to grave’ development track record across cement and lime, iron ore, mineral sands and power generation.

Board of Directors

Frank Terranova

Richard Pegum

Executive Chairman

Mr Pegum is a Founding Partner of Bennelong Asset Management in the United Kingdom and successfully managed the firm’s growth, overseeing assets over $3 billion. Starting his career at Macquarie Bank, he rapidly advanced to the position of Executive Director (at age 29). His strategic leadership was instrumental in expanding one of the bank’s key trading divisions to regions including Hong Kong, South Africa, Japan, Europe and Brazil.

Paul Mulder

Paul Mulder

Managing Director

Mr Mulder has 29 years of successful executive management experience in project development, operations and commercial transactions. Paul is a founding shareholder of Mayur Resources and has been Managing Director since 2014. Prior to this, Paul spent 6 years with Gina Rinehart’s Hancock Prospecting Pty Ltd leading its coal and infrastructure projects. This included development and successful divestment of a $15bn mine, port and rail development in Queensland, Australia. Prior to this Paul worked for BHP Billiton for 13 years in various senior management roles across BHP’s steel, coal and iron ore divisions. Paul is a Materials Engineer with an MBA, and is a former Director of the Queensland Resources Council.

Tim Crossley

Tim Crossley

Executive Director

Mr Crossley has extensive experience as a director and mining executive, having operated some of Australia’s largest mining businesses including roles as Deputy CEO of ASX-listed Gloucester Coal, and President and Chief Operating Officer (COO) at BHP Billiton’s West Australian Iron Ore business. Tim also held the position of Executive General Manager of carbon steel materials for Gina Rinehart’s Hancock Prospecting Pty Ltd’s Roy Hill project. Tim has also held senior roles in BHP’s manganese business and metallurgical coal business and was a Director in ASX-listed VDM Group. Tim is also a former President of the Northern Territory Minerals Council and Executive Chairman of Trans-Tasman Resources.

Frank Terranova

Musje Werror

Executive Director

Mr Werror brings over 20 years of leadership experience in the mining and resources sector in Papua New Guinea. Managing Director and CEO of Ok Tedi Mining Limited from June 2020 to December 2022. Current Santos board member and formerly was Chairman of the Western Province Health Authority, Ok Tedi Development Foundation and a former Director of Oil Search Limited.

Frank Terranova

Chris Indermaur

Independent Director

Chris has over 30 years of experience in large Australian companies in Engineering and Commercial roles. Amongst these roles he was the Engineering and Contracts Manager for the QNI Nickel Refinery at Yabulu, Company Secretary for QAL and General Manager for Strategy and Development at Alinta Ltd.

Mr Indermaur holds a Bachelor of Engineering (Mechanical) and a Graduate Diploma of Engineering (Chemical) from the West Australian Institute of Technology (now Curtin University). He also holds a Bachelor of Laws and a Master of Laws from the Queensland University of Technology and a Graduate Diploma in Legal Practice from the Australian National University.

Mr Indermaur is also a Director of Austral, Austin Engineering Ltd and of Centrex Metals Ltd.

Frank Terranova

William Wong

Independent Non-Executive Director

Mr. William has over 25 years of experience in various sectors including financial services and education. He has held senior positions at AIA, Aviva, and America Life Insurance Company (ALICO) in Korea. In addition to his corporate roles, Mr. William has dedicated over 20 years to training and coaching. He is a specialist in Lean, Stress Management, Design Thinking for Retail, and Sustainability. Currently, as a freelance corporate trainer and coach, he also lectures for the British-based Pearson BTEC A-levels equivalent diploma programme.

Management Team

Darren Lockyer

Kerry Parker

Chief Financial Officer

Kerry is a highly experienced executive leader with 30 years real and demonstrated experience in leading multi-discipline teams across a broad commodity mix. Kerry has deep experience in both equity and debt markets through his experience at both large and junior resource companies including Arrow Energy, Australian Future Energy, Santos and KPMG.

Frank Terranova

John Mcbride

CEO Central Lime Project

Mr McBride has extensive experience in global materials companies. He was the CEO of Sibelco’s Lime Division and most recently was President at Graymont. John aided in delivering Graymont’s organisational vision to become a global player by spearheading entry into the Asia Pacific Region.

Darren Lockyer

Keith Downham

COO / CEO – Mayur Iron

Keith has demonstrated strong corporate governance and led the development of projects and operations for a number of companies in Australia, Indonesia and the UK over the past 35 years. He was responsible for the approval and construction of Peabody Energy’s 9 Mtpa world class Wilpinjong Mine in NSW, Australia and then after a period of growth he oversaw its successful expansion to 14 Mtpa. Another key cornerstone to Keith’s career has been the successful delivery of projects and operations in remote parts of Indonesia which enabled him to establish a high level network in South East Asia.

Frank Terranova

Jason Zoller

CLP Project Director

Jason is the founder and Managing Director of Synergy Alliance and was the former CEO of the HBS Group for 6 years and oversaw operations through offices in Lae, Port Moresby and Brisbane. Jason puts his core values down to 23 years working for Australia’s largest privately owned civil contracting company, The BMD Group, including as Operations Manager Northern Region. Jason has a strong financial acumen, and is big on forging relationships founded with trust and accountability.

Darren Lockyer

Darren Lockyer

Head of Business Affairs

Mr Lockyer is a high-profile retired sports star and former Australian Rugby League captain, PNG’s most popular sport. He has experience working with communities, businesses and government in various capacities and enjoys an extremely large following in PNG following his achievements as a player and respected leader.

Tom Charlton

Tom Charlton

Chief Geologist

Mr Charlton is a geologist with over 25 years of mineral exploration experience. He has worked in PNG since 1997, working at the Department of Mines for 4 years on a World Bank project compiling PNG’s geological database. Mr Charlton has worked for various private and publicly listed exploration companies. Mr Charlton has worked with the Company since its inception in 2011.

Advisory Board

Frank Terranova

Brad Lemmon

Advisory Board Member

Mr Lemmon has over 30 years experience in the construction materials & mining services industries, bringing a range of skills, spanning operations & logistics, commercial and strategy, with key strengths in building high performing teams & capturing growth opportunities. Having held several leadership and executive positions within Adelaide Brighton Ltd, Mr Lemmon has gained extensive background knowledge and contacts, particularly within the lime, clinker and cement industries.

 

Frank Terranova

Campbell Jones

Advisory Board Member

Mr Jones is a seasoned executive with over 30 years’ experience at the CEO level. Experience includes CEO of Sibelco Australia, President and CEO of Unimin America and COO at Covia. He has held various executive and board positions in prominent Australian and USA based industrial mineral companies such as Sibelco, Unimin Corporation, Covia Holdings, and Greentech Minerals.

Jonathan Rees

Bruno Wauters

Advisory Board Member

Mr Wauters is a senior industrial minerals industry executive.  He was formerly CEO of Sibelco Asia and has over 20 years’ experience in the industry (including lime). He led the development from scratch of 27 mining and processing operations in nine countries across Asia.  He is a co-founder of MCSL, which has aggregate, calcite and lime operations in Laos.  He is currently based in Indonesia.

Darren Lockyer

Trent Alexander

Advisory Board Member

Held various senior positions with market leaders such as Brickworks, Hanson, Adelaide Brighton and Orica. His experience spans technical, operational and commercial responsibilities in the delivery of concrete manufacturing facilities as well as quarries. An integral team member that successfully delivered the first independent bulk cement import terminal in Queensland, Australia.