Trevali Mining Corp. logo is seen in this undated photo. Trevali Mining Corp. says its president and chief executive, as well as its chief operating officer, have both resigned.THE CANADIAN PRESS/HO, Trevali Mining Corp. *MANDATORY CREDIT*

Trevali CEO resigns as embattled B.C. miner in creditor protection

Firm has been dealing with flooding disaster at its Perkoa Mine that killed eight workers

Trevali Mining Corp. says its president and chief executive, as well as its chief operating officer, have both resigned.

The Vancouver-based miner says Ricus Grimbeek, who has served as CEO since 2019, will step away from the company. It says chief operating officer Derek du Preez will also depart effective Oct. 14.

Trevali also says the Supreme Court of British Columbia has approved the company’s application for a sales and investment solicitation process for its wholly owned Caribou Mine in New Brunswick, as well as its 90 per cent interest in the Rosh Pinah Mine in Namibia.

Trevali filed for creditor protection under the CCAA (Companies’ Creditor Protection Act) in August.

As a result, the Toronto Stock Exchange has suspended trading of Trevali’s shares. The company’s common shares will be delisted at the close of the market on Oct. 3.

Earlier this week, Trevali confirmed that two of its executives have been convicted of involuntary manslaughter in Burkina Faso in the wake of a flooding disaster at the company’s Perkoa Mine that killed eight workers.

RELATED: Trevali manager, contractor convicted after fatal African mine flood

mining

Be Among The First To Know

Sign up for a free account today, and receive top headlines in you inbox Monday to Saturday.

Sign Up with google Sign Up with facebook

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Reset your password

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

A link has been emailed to you - check your inbox.



Don't have an account? Click here to sign up
Pop-up banner image