W Resources Plc
WRES:LN
Overview
Company Profile
W Resources is a European mining company focused on delivering long term production of tungsten, a key strategic metal with strong market fundamentals. With five projects in Spain and Portugal, W has three tungsten projects: La Parrilla in Spain, Régua and Tarouca in Portugal and the CAA Portalegre gold/copper project in Portugal.
Classification
Financials
Corporate
Board of Directors
Michael Masterman
Executive Chairman
Mr Masterman has an exceptional track record in establishing and financing new resources companies. He is currently CEO of Fortescue Metal Groups, FMG Iron Bridge iron ore company and recently completed the US$1.15bn sale of a 31% interest in the project to Formosa Plastics Group. Following 9 years at McKinsey, and 8 as Executive Director of Anaconda Nickel, he has been a founding shareholder at Fortescue, Po Valley Energy and Atacama Metals.
David Garland
Non-Executive Director
David is the former General Counsel, Secretary and Chief Compliance Officer of Dominion Petroleum Limited (an oil and gas exploration company then listed on the LSE). Before joining Dominion, he had practiced as a barrister for 18 years from Brick Court Chambers, a leading commercial barristers’ chambers in London. David was a founder, and is currently General Counsel and a director, of Atacama Metals Holdings Limited, a private Hong Kong registered copper exploration company, with mining concessions and interests, in the Atacama Desert in Chile.
James Argalas
Non-Executive Director
James Argalas has extensive experience in the financial and investment sectors. In 2006, he founded Presidio Union, LLC, a company that specialises in providing financial analysis and corporate advisory services to early stage growth companies and their investors, taking an active role in developing ventures that have the potential to create significant shareholder value. Prior to founding Presidio Union, James was a Principal at Watershed Asset Management and NM Rothschild, where he was responsible for investments in distressed credit, liquidations, real estate, special situations, and debt and equity investments in Asia-Pacific. Prior to Watershed, James was an Associate Principal with McKinsey & Company and an Associate at Goldman Sachs. With a Master of Business Administration degree from Kellogg Graduate School of Management (Northwestern University) with majors in Finance, Entrepreneurship and International Business. James also holds a Bachelor of Science degree in Engineering from the University of Michigan, and a Bachelor of Science degree in Foreign Service from Georgetown University.
Pablo Neira
Non-Executive Director
Pablo Neira brings 30+ years of international experience specialising in managing listed industrial manufacturing companies and family office direct investments. He currently works with Casa Grande de Cartagena, family office of several members of Del Pino family, involved with direct investments. Pablo is former CEO of Urbar, a listed industrial group that manufactures equipment for multiple sectors, including raw materials, minerals and quarries; as well as turn-key waste treatment plants. Prior to Urbar, Pablo was Corporate Services General Manager at Valdepesa Textil, a global retail textile company PE backed, and Finance Director at Global Steel Wire Group, a Madrid listed steel wire rod manufacturer. Prior to joining Global Steel Wire Group, he was Manager at A.T. Kearney in New York and at the Swedish group Mölnlycke as Controller for southern Europe. Pablo has broad-based experience managing operations across international and cultural boundaries and brings in depth finance experience under listed companies. He holds a BS in Economics and a Harvard MBA. He is professor at IE Business School.
Oscar Marin Garcia
Non-Executive Director
Oscar Marin Garcia has over 20 years’ experience, specialising in retail business in the Extremadura region of Spain and managing family office investments. He is co-founder and CEO of Lider Aliment, SA, a €200m sales family owned company. Prior to Lider Aliment, Oscar was a Regional Finance Director for Western Europe of Procter & Gamble in Geneva, Switzerland. He holds a Bachelor of Law and a Bachelor of Economics from ICADE – Comillas Pontifical University in Madrid, Spain and a Master of Business Administration degree from San Telmo Business School in Seville, Spain.
Key Executives
Aaron Szumilak
Development Manager
Aaron is a mechanical and process engineer with 10 years’ experience in mineral processing and resource development. He carries field experience in operational and technical services roles presenting a broad range of process skills. Aaron has worked for Fortescue Metals Group, Syncrude and Composites Innovation Centre.
Juan Garcia Valledor
La Parrilla Operations Manager
Juan is a Mining Engineer with 25 years of experience in management of industrial processing plants and design, planning, management and rehabilitation of open pit mines. Juan was Operations Manager for the Rio Tinto and Imerys groups talc ore mining and processing operations in Spain, and Mining & Safety Manager in the development of the reopening project of Alquife iron ore open pit in Granada, Spain.