Mark Arnesen

Mark Arnesen "is a Chartered Accountant with over 18 years experience in the international resources industry. He has extensive experience in the structuring and negotiation of finance for major resource projects in Africa. These projects typically require financial structures incorporating multi-lateral banks and export credit agencies, as well as the commercial banks.

"Mr Arnesen was employed with the Billiton/Gencor group of companies between 1988 and 1998, where he was involved with: the US$1.8 billion financing of the Hillside aluminium smelter in South Africa; the establishment of a US$1.5 billion revolving credit facility and the US$300 million financing of Cerro Matosa.

"In 1999 Mr Arnesen joined Ashanti Goldfields Company Limited as part of the then restructuring of the company. As Managing Director – International Treasury, he restructured the Ashanti hedge book and assisted in the refinancing of the company.

"From August 2004 until present Mr Arnesen has been consulting to Equinox on raising finance for their Lumwana project."


 * Director, Moto Goldmines