Tietto Minerals appoints new CFO for Abujar gold project home straight

West Africa focused gold explorer and developer Tietto Minerals has announced the appointment of Ms. Ting Xu as its new chief financial officer as it sets out to deliver the Abujar gold project in Côte d’Ivoire.

Since joining the company in May last year, Xu has been managing and controlling Tietto’s corporate accounting and related compliance, along with day-to-day accounting functions and strategic financial planning.

She brings critical expertise in international taxation to Tietto, which will be valuable as the firm works to deliver capital returns and dividends as soon practicable following the start of gold production at Abujar later this year.

Prior to joining Tietto, Xu held senior financial roles in mining houses Consolidated Minerals and IGO Limited, along with corporate accounting firms Grant Thornton and ShineWing Hall Chadwick.

Tietto’s managing director Caigen Wang welcomed the appointment in a statement to the ASX yesterday. “Maximising investment return for our shareholders is a priority while we practice the best ESG management on international standards and fulfil tax obligations in hosting jurisdictions,” he said.

Last week, Tietto raised A$130 million placement to fast track Abujar’s construction, and is on track to deliver first gold pour at Abujar by Q4 2022. Six diamond drill rigs are also turning at the site to deliver 10,000 metres of diamond drilling per month for further gold resource growth and resource category upgrade.