Serra Verde Group (“the Group”) is pleased to announce the appointment of Ricardo Grossi as President and Chief Operating Officer (“COO”) of Serra Verde Mining.
Ricardo has more than 20 years’ experience in the mining industry having held senior operational roles at some of the largest mining operations in Brazil. He has been responsible for the development and operation of major projects, managing customer relationships and overseeing short and long term strategic planning. His responsibilities have also included government relations as well as the management of environmental licensing processes.
Prior to joining the Group, he served as COO at Companhia Siderúrgica Nacional (CSN), the second largest exporter of iron ore in Brazil. He previously held several senior roles at Anglo American Brazil, including General Manager of Minas-Rio where he led one of the world’s largest mining projects.
Prior to Anglo American, Ricardo spent 16 years at Vale in various leadership positions and was involved in the implementation of the Vargem Grande and Paraopeba complexes. Ricardo has significant expertise in the management and operation of concentration and pelletizing plants, ore pipelines and cargo terminals.
Ricardo Grossi, President and COO of Serra Verde Mining said:
“I am tremendously excited by the potential to develop Serra Verde into a world class operation and the first scale producer outside Asia of all four critical magnetic REEs. I am looking forward to working with the team at Serra Verde to help bring the project into production and responsibly deliver critical materials for the energy transition.”
CEO of Serra Verde, Thras Moratis said:
“Ricardo brings a wealth of operational experience to the Serra Verde team in Brazil, and I am delighted that he has chosen to join us at the start of our journey. Serra Verde has been substantially de-risked and we are now poised to deliver a new supply of critical rare earths to meet growing global demand while helping to diversify supply chains. Once we begin operations, we have ambitious growth plans to double run-of-mine production towards the end of this decade.”
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Forward-Looking Statements
This release contains forward-looking statements. Statements that are not strictly historical statements constitute forward-looking statements and may often, but not always, be identified by the use of such words such as "expects," "believes," "intends," "anticipates," "plans," "estimates," "forecast," "guidance," "potential," "possible," or "probable" or statements that certain actions, events or results "may," "will," "should," or "could" be taken, occur or be achieved. The forward-looking statements include statements about the completion of construction of Phase I of the Pela Emma deposit, expected benefits of REEs, production, financial position and business strategy.
Forward-looking statements are based on current expectations and assumptions and analyses made by Serra Verde and its management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors appropriate under the circumstances. However, whether actual results and developments will conform to expectations is subject to a number of material risks and uncertainties, including but not limited to the ability to complete construction of Phase I of the Pela Ema deposit on time and within budget, the success of production and the market for and prices of REEs. Serra Verde undertakes no obligation to revise or update publicly any forward-looking statements except as required by law.