Jocelyn Waller

After graduating from Churchill College, Cambridge, with a 2:1 in History Jocelyn has since spent his entire career in the mining industry.

He worked for 22 years for the Charter Consolidated/Anglo American group in a variety of roles and assignments in London, Malaysia/Thailand (tin mining projects), Zaire (a substantial copper/cobalt project), North Yorkshire (potash mining) and Portugal (tungsten mining).

Having started the company from scratch from 1989 to 2000 he was Chief Executive of Avocet Mining (Avocet) and was responsible for listing the company on the LSE in 1995 and bringing Avocet’s flagship gold mine, Penjom in Pahang, Malaysia, into production in 1996. Under his tenure Avocet also acquired a number of tungsten properties including rehabilitating the historic tungsten mine, Panasqueira, in Portugal.

In 2000 he established Trans-Siberian Gold (TSG) to explore and develop gold projects in Russia, namely Veduga in the Krasnoyarsk region and Asacha in Kamchatka (both now operating gold mines). As CEO he was responsible for listing TSG on AIM in 2003. On control passing to the Russian fund management group, UFG, Jocelyn resigned from the Board in 2006.

In 2006 he was a co-founder of Sumatra Copper & Gold (Sumatra), an exploration company with a number of gold/silver prospects in Sumatra, Indonesia. In 2009 he took over as Managing Director and was responsible for listing Sumatra on the ASX. In 2011 he ceased to have an executive role but remained on the board of Sumatra as a Non-Executive Director. Sumatra’s first mine, Tembang in South Sumatra, was commissioned in Q4 2015. In May 2017 Jocelyn took on the non-executive Chairmanship of Sumatra.

In 2006 he also set up RusAnt Limited to explore and develop antimony properties in the Chita (Zabaikalsky) region of eastern Russia. In early 2015 RusAnt began production from its Ilinskoye licence. In Q4 2015 production was suspended because of the low metal price (it fell 40% in the year). Plans are advanced for re-starting production in 2019 in a healthier antimony price environment.