Endeavour accelerates plans for UK float with JP Morgan recruit

SYDNEY and Toronto-listed Endeavour Mining has hired mining veteran Ian Henderson as a director, suggesting that the junior miner is ready to accelerate its plans for a London listing.

City grandee Henderson, who joined Endeavour’s board on 1 April, has enjoyed more than 30 years of experience in the natural resources sector.

He was previously managing director at JP Morgan Asset Management and managed the fund managers’ natural resources funds for more than 20 years until January this year.

Since leaving JP Morgan Asset Management full time, he has continued to advise the global equities team on resources stocks, most recently advising its global equities team on natural resources equities.

Henderson has also held roles at Wardley Investment Services and Morgan Grenfell & Co.

Endeavour Mining, which owns three gold mines producing more than 300,000 ounces a year in Mali, Ghana and Burkina Faso, has acquired four companies over the past few years.

A London listing is thought to be the next natural progression for the company.

The miner’s gold production is forecast to be more than 550,000 ounces a year in 2016, thanks to the Tabakoto mill expansion this year and completion of a fourth gold mine in Cote d’Ivoire scheduled for next year.

“Ian brings extensive experience and knowledge from many years of international resource investment management,” Endeavour chairman Michael Beckett said yesterday. “His seasoned perspective will add to the depth of talent on Endeavour’s board and we look forward to his future contributions,” added Beckett yesterday.