Namib Minerals Announces Leadership Transition with New CEO Appointment
NEW YORK, March 18, 2026 – Namib Minerals, trading on Nasdaq under the symbol NAMM, has announced a significant leadership change as part of its strategic growth initiatives. The company's Board of Directors has appointed Tulani Sikwila as the new Chief Executive Officer, effective March 18, 2026. He succeeds Ibrahima Sory Tall, who is departing to explore other professional opportunities.
New CEO Brings Extensive Experience
Tulani Sikwila previously served as Namib Minerals' Chief Financial Officer, bringing over two decades of financial operations and leadership expertise to the role. With nearly twenty years of experience at Namib Minerals, Greenstone, and predecessor companies, Sikwila possesses deep institutional knowledge of the company's history, assets, and strategic priorities.
His background includes:
- More than 20 years in financial leadership roles
- Close to two decades with Namib Minerals and related entities
- Chartered Accountant qualification from England and Wales
- Executive Master of Science in Finance from HEC Paris
- Previous experience as a financial auditor at Ernst & Young in Zimbabwe
The company has initiated a search for an Interim Chief Financial Officer to ensure financial leadership continuity during this transition period.
Board Chair Comments on Leadership Change
Molly P. Zhang, Chair of the Board, expressed appreciation for outgoing CEO Ibrahima Sory Tall's contributions: "We thank Mr. Tall for his leadership during a pivotal period in Namib Minerals' history, including guiding the organization to become the first Black African-founded and -led mining company listed on a New York stock exchange in mid-2025."
Regarding the new appointment, Zhang added: "Tulani is well positioned to lead Namib through its next phase of transformation. His financial expertise and strong knowledge of the Company will be instrumental as we accelerate our growth strategy and advance Namib's trajectory toward becoming an African investment platform focused on strategic resource opportunities."
Incoming CEO's Vision for the Future
Tulani Sikwila commented on his new role: "I look forward to guiding our growing team at this pivotal moment for the Company. I am deeply appreciative of the Board's confidence and of Ibrahima's leadership over the past years. As we expand operations, Namib Minerals is well-positioned to responsibly unlock Africa's resource potential while delivering lasting value to our investors, communities and other stakeholders."
Expansion of Senior Leadership Team
In addition to the CEO transition, Namib Minerals has strengthened its leadership by appointing Antonio Nieto as Vice President of Technical Services. This appointment enhances the company's operational and technical capabilities as it advances its flagship How Mine, which produced 33,600 ounces of gold in 2024, along with two additional brownfield growth projects in Zimbabwe.
Antonio Nieto brings more than 25 years of global mining leadership experience, with expertise in:
- Mining technology and innovation
- Sustainability practices in resource extraction
- Senior roles at FLSmidth, Gold Fields, Industrias Peñoles, and Mining3
- Academic appointments including Adjunct Professor of Mining Engineering at the University of Utah
- Author of The 5S Innovation Model for the Minerals Industry
Nieto's educational background includes a Ph.D. in Earth Systems and Mining Engineering from the Colorado School of Mines, a Master of Science in Geostatistics from Mines Paris – PSL, and a Bachelor of Science in Mining and Metallurgy Engineering from Universidad de Guanajuato. He has been instrumental in integrating cutting-edge technologies like artificial intelligence and blockchain into mining operations.
The company is currently conducting a search for a Chief Operating Officer to further strengthen its executive team.
