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

Charles Fear

Independent Non-Executive Chairman

Mr Fear co-founded Argonaut Limited in 2002 to provide M&A advice, undertake primary and secondary capital raisings, and provide stock-broking services to natural resources companies and companies that operate in the resources sector. Over the last ten years, Argonaut has advised on over $4B worth of M&A deals, raised more than $3B in equity and more than $1.5B in debt for resource companies and projects. Argonaut works across the globe, and has conducted business in Australia, North and South America, throughout the Asia-Pacific region, and in Africa. Mr Fear is a former managing director of CIBC and director of Hartley Poynton Investment Banking. He is also a former partner of international accounting and consultancy group, KPMG.

Frank Terranova

Benjamin Szeto

Independent Non-Executive Director

Benjamin Szeto is resident of Singapore, and is a faculty member of the Wealth Management Institute (founded by GIC and Temasek), lecturing on Trust Regulations and Practices. He is a recognised key lawyer in the Legal 500 Asia Pacific, 2020. He currently serves on the Law Society of Singapore’s Tax & Trust Committee 2021. He was most recently the Director & Head of Private Client at Atlas Asia Law Corporation, part of the global EY network. He was previously the Deputy Head of the Private Wealth Industry Group of a large law firm.

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.

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.

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.

Management Team

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.

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.

Darren Lockyer

Trent Alexander

COO / CEO – Lime & Cement

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.

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.

Jonathan Rees

Bruno Wauters

Advisory Board Member – Lime

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.

Kevin Savory

Kevin Savory

Advisory Board Member – Cement 

Mr Savory is a highly respected senior industry executive with 18 years of operational and commercial experience in the cement and construction materials sector in Australia and Asia Pacific. Mr Savory’s most recent roles included 3 years with LafargeHolcim (one of the largest global players in the market) and prior to this Cement Australia (JV owned by LafargeHolcim and Heidelberg Cement and the second largest cement player in Australia).

Shawn Thompson

Shawn Thompson

Project Director

Mr Thompson brings a diversity of project experience that uniquely fits with the Company’s mix of projects and commodities. He has more than 30 years’ experience in designing and delivering, from the ground up, power plant/energy, iron and steel, metals, mineral sands and infrastructure projects in South Africa, Saudi Arabia and New Zealand. He previously held senior roles with Transfield Worley, Beca Carter and Saudi Iron & Steel. Mr Thompson is a Fellow of the Institute of Mechanical Engineers (IMechE), a member of the Institute of Engineering Designers (UK) and American Society of Mechanical Engineers (ASME) and is registered as a professional engineer with the UK Engineering Council.

Jonathan Rees

Bill Williams

Senior Energy Head – Power Generation

Mr Williams has 20+ years of experience in growing energy and resources businesses across Australia and PNG, from start-up, to SMEs, corporates and multinationals; listed and unlisted (10 years developing energy projects from concept to execution in Oil Search, Duke Energy, PG&E, Energex and Enbridge; 10 years in managing small oil and gas companies through the early ‘breakthrough’ commercial period in QGC, Buru Energy, Blue Energy and ERM Gas; 4 years developing major resource projects from concept to execution in Rio Tinto; 20 years employed as GM or CEO).

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.