PolyMet Mining Corp. announced the appointment of Patrick Keenan as chief financial officer. He succeeds Douglas Newby, who has served as CFO for nearly 12 years through a period of great transition and progress for the company. Newby will continue to advise as president of Proteus Capital, focusing on project finance and strategy.
“I am very pleased to welcome Pat to PolyMet as we enter the very exciting and important phase of project finance and prepare to construct the first copper-nickel-precious metals mine in Minnesota,” said Jon Cherry, president and CEO of PolyMet. “His strong financial background and understanding of the mining industry, including his global experience in a broad range of senior financial roles are an excellent fit for the next stage of development at PolyMet.
Keenan most recently served as senior vice president - finance and treasurer at Newmont. Prior to that, he spent more than 20 years with Rio Tinto in a variety of roles, including chief financial officer for Rio Tinto’s Energy group and chief financial officer for Kennecott Utah Copper and Rio Tinto Diamonds. Her earned a degree in accounting from the University of Utah and is a CPA.
During Newby’s tenure as a core team member, the company completed its definitive feasibility study establishing reserves, acquired the Erie Plant and associated infrastructure, entered into the strategic alliance with Glencore, completed the final EIS, submitted all permit applications and received the USFS Land Exchange Record of Decision. He also oversaw Sarbanes Oxley compliance, adoption of IFRS, and listing on the NYSE-MKT and TSX stock exchanges.
“I am excited with the advances PolyMet has made and pleased to maintain my long-term involvement with and commitment to the project while handing the reins to someone with Pat’s depth of experience,” Newby said.