Board & Management
Prof. Joseph Kamuya Maitha
Ph.D. Economics, M.A. Economics, B.A. Mathematics
Professor Maitha was appointed Chairman of Base Titanium in 2010. He is also the current Chairman and CEO of African Development and Economic Consultants. His previous corporate roles have included Chairman of both Tiomin Kenya and East African Portland Cement Company. He has also previously held positions as Chairman of the Lake Basin Development Authority, Director of the Central Bank of Kenya and Professor of Economics at the University of Nairobi. He is a member of the East African Co-operation Forum (Vice Chairman), Kenya Economic Association, Kenya Institute of Management and the Society for International Development.
Mr Carstens brings a diverse and substantial skill set to the development of Base Resources, having previously held senior executive roles with Perilya Limited, North Limited, Robe River Iron Associates, Iron Ore Company of Canada and St Barbara Mines Limited in operations, strategy, corporate development and finance, both in Australia and overseas. A chartered accountant by profession, he has successfully managed all aspects of business strategy development and implementation, acquisitions and divestments, debt and equity financing, organisational development and operational performance.
Bachelor of Engineering (Hons) Metallurgy and Minerals Science (Class 2i) 1986
Mr Bwye has over 25 years’ experience in the mineral sands sector, having commenced his professional career with RGC Mineral Sands (since consolidated into Iluka Resources) as a plant metallurgist in 1988. He undertook a number of technical, production and mining roles within RGC and then, after a period of time consulting to the industry, joined Doral Mineral Industries, a subsidiary of Iwatani Corporation of Japan. Here he was a leader in the development and operation of the Dardanup mineral sands mine in Western Australia before taking on the role of managing director and becoming accountable for the fused materials (zirconia and alumina) processing facilities as well as the mineral sands operation. In 2010 Mr Bwye joined Base Resources as Executive Director – Operations and Development. Mr Bwye has an extensive knowledge of all aspects of the mineral sands industry, including downstream processing and marketing of mineral sands products. He was born in Kenya and lived there prior to migrating to Australia in 1987 and so brings a deep understanding of the country and its culture.
Mr Ngumi has played a leading role in the development of Kenya's and East Africa's debt and equity capital markets over the last 25 years, most recently during his tenure as Director, Investment Banking Coverage at Standard Bank in Nairobi. He is the current Chairman of the Board at Kenya Pipeline Company Limited and previously held the position of the first Chairman of Konza Techno City Development Authority.
Mr Oyatsi is an accomplished and highly experienced lawyer, an Advocate of the High Court and Managing Partner of Shapley, Barret & Company Advocates, a leading law firm in Kenya. He sits on several Boards and is currently Chairman of Metropolitan Life Insurance Kenya Limited and the Commercial Bank of Africa group. He has previously served as a director in various other organisations including Telkom Kenya and the Capital Markets Authority. Mr Oyatsi has a long association with the Kwale Mineral Sands Project, having been involved as an adviser since its inception, particularly in negotiations with relevant Government agencies in establishing the legal instruments and agreements upon which the project was founded.
Mr Satchu is the Chief Executive Officer of Rich Management Limited, a Nairobi-based investment advisory firm. Prior to establishing Rich Management, he worked for 15 years in London’s financial sector. During his time in London he served as the Executive Director of Dresdner Kleinwort Wasserstein, Managing Director of Sumitomo Bank and as Treasurer and Director of ANZ Investment Bank. Born in Mombasa, Mr Satchu returned to Kenya in 2006. He is also a regular commentator on economic matters in local and international media.
LLB (Hons), BCom
Mr Poletti is a practising lawyer and holds a Bachelor of Commerce majoring in Finance and Accounting. He has broad experience in providing advice to directors of listed and unlisted public companies in relation to directors’ duties, corporations’ regulation, the Listing Rules of the Australian Securities Exchange and AIM and general corporate governance. Prior to joining Base Resources, he was a senior associate at the international law firm, Ashurst, where he specialised in both domestic and cross-border regulated and unregulated mergers and acquisitions, including takeovers and schemes of arrangement, capital raisings and corporate advisory and governance. Mr Poletti is Group Legal Counsel for the Base group of companies.
BSc (Hons) Chem. Eng.
General Manager – External Affairs and Development
With over 40 years’ experience in the mining industry, predominantly in Africa, Mr Schwarz joined the Kwale Mineral Sands Project in 2005 as General Manager. Prior to this he was Technical Director of Bindura Nickel Corporation in Zimbabwe. In addition to various senior operational roles in the Anglo American Group, he has considerable project development experience, mainly in base metals in Southern and Central Africa and South America. Having a Kenyan background, he possesses an in-depth knowledge of the country and its peoples and is currently responsible for government and public relations, all matters relating to Kenyan statutory and legal compliance and identifying and developing future minerals exploration opportunities.
General Manager – Environment & Community Affairs
Mr Forbes has considerable experience in environmental and social aspects in the minerals industry. His previous positions included Social and Community Manager for African Minerals Ltd. in Sierra Leone and Resettlement Project Manager for Kibali Goldmines in the Democratic Republic of Congo and prior to these, as Health, Safety, Environment and Community Manager for Tiomin Kenya. He managed the successful completion of the Kwale Mineral Sands Projects resettlement programme and environmental and social impact assessments. He has lived in various parts of Africa for over 40 years and, having spent most of those in Kenya, is now a Kenyan citizen. This background provides an acute understanding of social and environmental challenges in the area of Base Titanium’s operations. He is also responsible for managing security.
BSc (Hons) Mining Engineering
General Manager – Operations
A mining engineer with over 30 years minerals industry experience in a variety of senior operational, development and consultancy roles. Denham graduated from the Royal School of Mines with an honours degree in mining and has developed and managed various underground and open pit mining operations throughout Africa, South America and the South Pacific. Recent roles include General Manager of the Kinsevere Copper Mine in the DRC for Anvil Mining and Operations Manager of the Bisha VMS deposit in Eritrea for Nevsun Resources. Denham joined Base in late 2011 and was responsible for the commissioning and operations of the Kwale Mine.
LLB, BCom, MBA
General Manager - Marketing
Mr Hay has 17 years of experience in the mineral sands sector with the past 14 years in mineral sands sales and marketing. He worked for BHP Iron Ore and Woodside Petroleum before joining Iluka Resources in 1999. After establishing Iluka’s Shanghai office in 2008 and building it into a critical platform for Iluka’s business in the Chinese market, Mr Hay relocated back to Australia in 2011 to establish a minerals trading business for Iluka before joining Base Resources in 2012. Stephen has extensive knowledge and experience across all aspects of the mineral sands industry with a significant emphasis on products and markets.
Bachelor of Business, Certified Practicing Accountant
Chief Financial Officer
Mr Balloch has over 25 years’ practical financial and management experience in a diverse range of industries. This has involved all areas of corporate and treasury management, project financing, capital raisings, mergers and acquisitions, dual listings, feasibility studies and establishment of systems and procedures for new mining operations. Prior to joining Base, Mr Balloch held senior positions with Equinox Minerals Limited, a dual listed TSX – ASX resources company, which developed the major Lumwana Copper mine in Zambia and resulted in Equinox becoming one of the world’s top 20 copper producers.