First Tin PLC has announced the appointment of Bill Scotting as the new CEO, effective from 1 January 2024. Scotting will succeed Thomas Buenger, who is leaving the company to pursue a new business opportunity. Scotting brings over 35 years of experience in leading global companies in the metals and mining industry. He was previously the CEO and Executive Director of Nyrstar, a leading zinc producer, and the CEO of the mining division of ArcelorMittal, a steel and mining company. Scotting's appointment is expected to bring expertise and energy to First Tin as it aims to become a significant tin supplier in conflict-free, low political risk jurisdictions.
First Tin Chairman Charlie Cannon-Brookes expressed his confidence in Scotting's leadership, stating that the company is well-positioned to continue making operational progress at its Taronga and Tellerhäuser assets under his guidance. Cannon-Brookes also thanked Buenger for his significant contribution to First Tin since its IPO and acknowledged the smooth and well-orchestrated handover of the CEO role.
First Tin is focused on becoming a tin supplier in conflict-free, low political risk jurisdictions through the rapid development of high-value, low capex tin assets in Germany and Australia. Tin is a critical metal in the decarbonization and electrification of the world, and Europe currently has limited supply. The company's assets have been de-risked significantly, and it aims to address the rising demand and expected sustained deficit markets for tin in the foreseeable future.