If you check Milson Mundim, our CFO & only remaining director's LinkedIn profile , you could be forgiven for thinking that everything is hunky dory in Mirabela land........you'd also think given our most dire imaginings he'd have toned it down a bit.....
CFOMirabela NickelSeptember 2014 – Present (1 year 11 months) | Belo Horizonte Area, Brazil
• Financial restructuring and Operations Turnaround resulting in reduction of cash costs in 50%
• Reestructuring the administrative area (reducing hierarchical levels and streamlining activities and accountability (25% reduction in headcount and 35% reduction in costs)
• Renegotiated over 200 supply contracts and replaced contractors at Mirabela’s site with savings of over USD 30MM
• Restructured Maintenance area to act in coordination with supply-chain – warehouse in order to end onerous outsourcing contracts and start to do activities in house
• Renegotiated Ni sales contracts with gains to the company
MBN Price at posting:
8.3¢ Sentiment: Hold Disclosure: Held