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Dr. Reginald Mengi

Chairman of the Board and Director
A Chartered Accountant (UK) / Certified Accountant (Tanzania) by training, Mr. Reginald Mengi is the owner and Executive Chairman of IPP Limited, a holding company with subsidiary companies engaged in mining, manufacturing, bottling (Coco-Cola products and Kilimanjaro drinking water), and media which includes television, radio and newspapers. Previously he held positions as the Managing Partner and Chairman, Coopers & Lybrand Tanzania, Chairman of the National Board of Accountants and Auditors Tanzania, Chairman of the National Environment Management Council Tanzania, Board Director of LEAD (Leadership for Environment and Development International), Commissioner, and Tanzania HIV/AIDS Commission (TACAIDS). He is currently Board Chairman/Board Member of a number of Institutions and Enterprises, including: Chairman, Media Owners Association of Tanzania; Director, Board of the Commonwealth Business Council; Chairman, People with Disabilities Trust Fund, Tanzania; Member of the International Investors Round Table, Tanzania; Chairman, Confederation of Tanzania Industries (CTI); Chairman, Economic Empowerment Committee of the Tanzania National Business Council; and Chairman, East African Business Council. He believes in social responsibility giving back to the community, and funds numerous projects for social development, youth employment and for people with disabilities. He has funded the Kilimanjaro afforestation campaign since 1988, which has planted over twenty million trees. Because of his belief in social responsibility, he has received numerous awards including: Environmentalist of the Century Award 2000 – Kilimanjaro Region; The Order of the United Republic of Tanzania for acts and conduct earning praise and distinction for the United Republic of Tanzania (1994); The Order of The Arusha Declaration of the First Class; and The 2008 Martin Luther King Jr. Drum Major for Justice Award by the United States of America.

Mr. William Lamarque

Vice –Chairman of the Board

On graduating from Cambridge University where he won an Open Exhibition in Classics, Mr Lamarque joined Jardine Matheson and Co, a Hong Kong based group with interests in trading, shipping, civil aviation, engineering, construction, property and financial services, focused on East Asia. He had postings in London, Hong Kong and Shanghai and studied Chinese at the Mandarin Daily News Institute in Taipei, before becoming the General Manager responsible for the Group's overall activities in PRC.
Mr Lamarque joined NM Rothschild and Sons, the London based investment bank in 1986, as PRC country manager, on the boards of the bank's affiliates in Hong Kong and Singapore. Returning to London in 1989, Mr Lamarque became a main board director of the bank and held various positions within the Treasury Division, with an emphasis on precious and LME metals trading and mine finance, and the bank's activities in emerging markets, in particular with the official sector. He moved to New York in 2000, to head the Group's Treasury activities in the Americas. Mr Lamarque left Rothschilds in 2002 to join Hanson Capital, a London based boutique investment bank and was a founding partner of Balor Capital, a private,metals trading and derivative advisory business based on Wall St in 2006. Mr Lamarque sits on various mining company boards including those of Ecometals (for which he is also CEO) and Ivanplats, a large privately held exploration company with interests in the DRC and South Africa. He is also a non-executive director of a UK based warehousing and trucking company, Hanson Logistics. At various times Mr Lamarque has served on the World Gold Council's Central Bank Committee and the China Committee of British Invisibles and has chaired the Public Affairs Committee of the London Bullion Market Association. He was also for several years a Member of the Comex.

Dr. Reyno Scheepers, Pr.Sci.Nat., Ph.D.

Director, President & CEO
Dr. Scheepers’ involvement with geology and the mining industry stretches over a period of 28 years. He started off as a researcher at the Fuel Research Institute of the Council for Scientific and Industrial Research (CSIR) of South Africa where he gained experience in the composition and characteristics of various South African coal fields. This was followed by a 2 year period as a geologist at a South African gold mine (Witwatersrand gold deposits) where he gained experience in underground geology, underground and surface exploration, and gold exploration project planning. He then joined the University of Stellenbosch (S.U.) where he became associate professor in mineralogy/ petrology in 1999. He obtained his Ph.D.(S.U.) on the distribution of radioelements (U, Th, K) in granites in 1990 following a seven month period at the Centre de Rescherches sur le Geologie de la Uranium (CREGU) in Nancy, France. Since 2005 he has been a full-time consultant and director of companies based in the Republic of Tanzania. Dr. Scheepers is a registered Professional Natural Scientist in Geological Science and a member of:

  • Geological Society of South Africa (since 1984).
  • SACNASP Registered (since 1984).
  • The Mineralogical Society of South Africa (1996 to 2001).
  • Geological Society Western Province Branch (1985 to 2002).
  • Society of Geology Applied to Mineral Deposits (1989 to 1997).
  • Council member of the Geological Society of South Africa (1996 to 1999).
  • Council member: The Mineralogical Society of South Africa (2002).
  • Committee member: Geological Society Western Province Branch (1985 to 1989).
  • Committee member: The S.A. Code for Stratigraphy Committee, since 1993.
  • Member: The Geological Society of America (GSA).
  • Dr. Douglas Boateng, M.Sc., EngD, FIoD, FCMI, FCILT, FIBC, FIOM FCIPS

    Dr. Douglas Boateng has extensive international multi-sectoral experience. His career includes positions as a CEO, Executive Advisor, director and senior level consultant, visiting postgraduate lecturer, mentor and coach, vis-a-vis the strategic application of Supply Chain Management and innovative business development and management principles to profitability grow and extend market reach of profit and not for profit organizations. Sectors that continue to benefit from his expertise include among others, Technology (ICT), Education, Chemicals/Pharma-chemical, Pharmaceutical and Biotechnology, Aviation, Engineering, Media, Governments, exploration and mining. Dr Boateng is also elected qualified professional member of the following:

  • Institute of Directors, Fellow, United Kingdom
  • Chartered Institute of Logistics and Transport, Chartered Fellow, United Kingdom
  • Chartered Institute of Purchasing and Supply, Chartered Fellow, United Kingdom
  • The Chartered Management Institute, Chartered Fellow, United Kingdom
  • Institute of Operations Management, Fellow, United Kingdom
  • Institute of Business Consulting, Fellow, United Kingdom
  • Chartered Institute of Logistics and Transport, Chartered Fellow, Southern Africa
  • Institute of Directors, Fellow, Southern Africa
  • Gizman Abbas

    Mr. Gizman Abbas is Managing Partner, DI Development LLC, a development company focusing on the New York City real estate market, which he founded in 2011 to take advantage of the opportunities resulting from the 2008 financial downturn. Before DI Development, Mr. Abbas was a Partner at Apollo Commodities Partners, L.P., where he helped build Apollo Global Management’s newly established commodities business. He joined Apollo from Goldman Sachs where he was a Vice President in the Commodities Asset Investment business. While at Goldman, he worked on transactions involving resources, power, biofuels, emissions, and agriculture. Prior to joining Goldman, he was a banker at Morgan Stanley where he spent time in the power and energy banking group.

    Mr. Abbas began his career at Southern Company working at a coal-fired power plant, followed by a period as an oil & gas engineer at Exxon Mobil. Mr. Abbas graduated with a B.S. in Electrical Engineering from Auburn University and received his MBA from the Kellogg School of Management at Northwestern University.


    Mr.Naiko currently serves as the managing director of Stesta Consulting, a firm focusing on among other things, mining advisory services. Mr.Naiko is a qualified mining and metallurgical engineer and a professional member of the American Society of Mining Engineers and Metallurgists. In 2011, Mr.Naiko retired after five years as Chief Executive Officer of the Tanzanian Investment Centre. Mr.Naiko’s extensive experience during the course of his career includes serving in the following positions: Vice President, World Association of Investment Promotion Agencies (WAIPA); board member, Tanzania State Mining Corporation; board member, Tanzania Petroleum Development Corporation; board member, Bank of Africa; board member, Tanzania Private Sector Foundation; board member, Maganga-Mtatitu Iron Project; and board member, University of Dar-es-Salaam Investment Committee.
    Mr.Naiko graduated from the Haileybury School of Mines (Canada) and Colorado School of Mines (USA). He also holds investment educational certificates from the Centre for Applied Studies on International Negotiations (Switzerland), NanningTechnologicalUniversity (Singapore) and the Hans Seidel Foundation (Germany).