Board & Management

The TIG Board is composed of Directors with experience in exploration, project development, mining, coal processing, bulk commodity marketing, financing, infrastructure and regulatory affairs on an international level.

Craig Wiggill

Non Executive Chairman

BSc Engineering (Mechanical and Industrial) University of Witwatersrand. Mr Wiggill was appointed Non-Executive Director  on 20 November 2012. He is a member of the Nomination & Remuneration Committee and the Audit, Risk & Compliance Committee.

Mr Craig Wiggill brings over 22 years of coal industry experience gained with the Anglo American Plc group of companies, most recently as CEO – Coal America’s at Anglo Coal. His extensive experience covers operational roles to commercial, trading and marketing responsibility, corporate strategy and business development. Additional to establishing new organisations for the marketing and trading of coal and energy products in the international market, Mr Wiggill has led the development of new mining projects in remote and challenging environments from concept to full operational status.

Owen Hegarty

Non-Executive Director

BEc(Hons), FAusIMM. Mr Hegarty was appointed Non-Executive Director of TIG on 8 October 2010. He is Chairman of the Audit, Risk & Compliance Committee and the Nomination & Remuneration Committee.

Mr Hegarty has over 40 years’ experience in the global mining industry, including 25 years with the Rio Tinto Group where he was Managing Director of  Rio Tinto Asia and also Managing Director of the Australian copper and gold business. He was the founder and Chief Executive Officer of Oxiana Limited (now OZ Minerals Limited) which grew from a small exploration company to a multi-billion dollar, base and precious metals explorer, developer and producer. Mr Hegarty is Executive Vice Chairman of Hong Kong listed G Resources Limited, a gold mining company. He is a Non-Executive Director of Fortescue Metals Group Limited, a Non-Executive Director of Highfield Resources, the AusIMM, a member of the South Australian Minerals and Petroleum Experts Group, and a director of the WA based Mining Hall of Fame Foundation.

Mr Hegarty is Chairman of TRM and also Chairman of EMR Capital, a private equity investment manager focused on resources.

Tav Morgan

Non-Executive Director

BA (Political Science, Yale University), MPhil (Russian and East European Studies, Oxford University). Mr Morgan was appointed Non-Executive Director on 1 April 2014. He is a member of the Nomination & Remuneration Committee and the Audit, Risk & Compliance Committee.

Mr Morgan is an industry partner at Baring Vostok Capital Partners (BVCP) with responsibility for investment projects in Russia, the CIS and Mongolia. Prior to BVCP he worked as Managing Director at Goldman Sachs in the Global Natural Resources Group from 2009-2012 and was responsible for the investment banking division’s advisory work with natural resource clients in Russia and the CIS. From 2004 to 2008 Mr Morgan was a Managing Director and COO at Norilsk Nickel and prior to that role he was a partner with the Moscow office of McKinsey and Company for 10 years.

Tagir Sitdekov

Non-Executive Director

MBA (University of Chicago Booth School of Business, London). Mr Sitdekov was appointed a Non-Executive Director on 1 April 2014. He is a member of the Audit, Risk & Compliance Committee.

Mr Sitdekov is currently a Director of Russia Direct Investment Fund (RDIF) and has been involved in the Russia private equity market for the last 10 years, recently as Managing Director at A-1, a direct investment arm of Alfa Group, Russia’s largest private conglomerate. Mr Sitdekov has participated in a number of landmark private equity transactions across a range of industries. From 2003 to 2005 he was CFO at power generating company OJSC Sochi TES (a subsidiary of RAO Unified Energy System of Russia) and prior to that role he was a Senior Consultant at Creditanstalt Investment Bank for 2 years.

Bruce Gray

Non-Executive Director

Dr Bruce Gray was appointed a Non-Executive Director on 1 October 2015. He is a member of the Nomination & Remuneration Committee.

Dr Bruce Gray is a major shareholder of TIG, holding a 13% interest. Following a long and distinguished career in the medical profession he has operated a number of highly successful start-up businesses in the medical sector. We look forward to his contribution, particularly in the area of business and financing strategy.

Management

TIG’s management team has experience in exploring, developing, operating and financing large scale natural resources projects. The team has skills in the areas of geology, mining operations, infrastructure and regulatory, environmental and financial affairs.

All senior operational managers have worked previously in the minerals and mining sector and will manage both the development project and the third party contractor workforce that will be involved in the construction of TIG’s mining operations.

The Company Secretary is accountable directly to the board, through the Chair, on all matters to do with the proper functioning of the board.

Peter Balka

Interim Chief Executive Officer

B.E (Mining Eng), MAUSIMM

Mr Balka commenced as General Manager – Projects and Studies on 1 January 2011 and was appointed as Chief Operating Officer in November 2012.

He is a mining engineer with over 25 years of extensive experience in open pit and underground mining operations, project management, feasibility studies and due diligence.

Most recently Mr Balka worked for 4 years with OZ Minerals Limited (formerly Oxiana Limited) as Group Mining Engineer, managing feasibility studies and providing engineering services and oversight to the operations including those at Sepon, Golden Grove, Century and Rosebery.

Prior to this, Mr Balka held key technical and management roles with AMC Consultants Pty Ltd, Newcrest Limited and BHP Billiton Limited, for the feasibility studies and development of Prominent Hill, Ridgeway, Cannington, Callie open pit and underground, Iron Duke – Whyalla, Gosowong and Tarnagulla. His international experience also includes projects in Russia, Indonesia, India, New Zealand and Africa.

Denis Kurochkin

Chief Financial Officer

ACCA (Association of Chartered Certified Accountants)

Far Eastern State University International Economics (China)

 

Prior to joining TIG Denis was CFO of National Drilling Services (formerly a subsidiary of Gazprom Bureniye).  Denis has strong Russian and international finance and resource industry experience gained at other major resource companies including Alcoa and TNK-BP.   Denis has been CFO of a Russian focused London listed resource development company and so has strong experience in an organization at a similar stage of development and funding to TIG.  Prior to these roles, Denis spent 8 years with PricewaterhouseCoopers.  He is an ACCA accredited chartered certified accountant and is a graduate of the Far Eastern State University in Vladivostok.  He is fluent in Russian, English and Mandarin.

David Forsyth

Company Secretary (services provided under the Services Agreement)

FCIS, FCPA

Mr Forsyth was appointed the Company Secretary of TIG on 8 October 2010.

Mr Forsyth was appointed as Director of TIG in October 2010 and resigned on 7 March 2011.

Mr Forsyth has over 40 years’ experience in the engineering, project development and mining field. His most recent positions were with Oxiana Limited (now OZ Minerals Limited), where he was Company Secretary and Manager Administration from 1996 to 2008. Mr Forsyth joined TRM as director and Company Secretary in 2009.