TMAC Resources Inc. announced changes to the board of directors. Terry MacGibbon will retire as executive chairman and step down from the board. Concurrently, Andrew Adams will assume the role of independent chairman of the board. Dr. Ross Bhappu, a senior partner of Resource Capital Funds, will join the board as an RCF Board nominee and João Carrêlo will concurrently step down as an RCF independent board nominee. Prior to joining RCF in 2001, he was president of a development-stage copper company, director of business development at Newmont Mining Corp., and served in various technical and financial roles at Cyprus Minerals Co.

img: Dr. Ross Bhappu (left), Andrew Adams (right)