Carel Malan

Position Non-Executive Director
Appointed 9 January 2019

Chartered Accountant (South Africa)

Member of the Nomination Committee

Carel Malan started his career at Ernst & Young where he received his first exposure to the mining industry. After three years with the firm in Gauteng, he requested a transfer to Bermuda, where he spent a further year.

Mr Malan joined Tshipi in January 2012 and was appointed Chief Financial Officer (“CFO”) in May 2014. In October 2015, Mr Malan resigned from Tshipi to pursue other interests. However, his interest in mining and his in-depth knowledge and experience of Tshipi’s business model brought him back to the company, where he was reappointed as CFO. He was part of the executive team growing the Tshipi asset to become the largest exporter of manganese ore from South Africa. In 2018, he was part of the team that listed Jupiter Mines on the Australian Securities Exchange (“ASX”) in what was flagged as the biggest IPO in the last decade on the ASX.

At the Company’s Board meeting on 21 March 2024, Carel Malan confirmed that his one-year role at Ore & Metal Company Limited, a 100% subsidiary of Assore Holding, is due to become permanent from 1 April 2024. As Assore International Holding Limited (that owns 29.2% in Gemfields) is also a 100% subsidiary of Assore Holding, it has been deemed that, from 1 April 2024, Mr Malan is no longer classed as an independent member of the Gemfields Board. As a non-independent, he stepped down from his role as Chair of the Audit Committee from the same date.

Mr Malan is a South African citizen.