Picture of mining mound and 2 heavy lifing vehicles

Management Team Crimson Ant

  • China

    Hong Kong

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      Jyn Sim Baker

      Executive Chairman and CEO
      Chairman of the Investment Committee

      Jyn has over 25 years of senior level corporate, commercial, operational and legal expertise across merger and acquisition transactions, public listings, energy industry projects, resource projects [exploration through to production and export] and infrastructure development.

      Bringing her strength in corporate strategy, as the Australian Country Manager and Chief Executive Officer for the IMC Resources group of companies from 2006 to 2010, Jyn was responsible for managing the group’s private equity fund investments in mining resources and oil and gas assets as well as the vertical integration process for IMC’s core business of shipping and logistics. While in this role, Jyn managed assets of over A$800 million and achieved a peak internal rate of return of just under 100%.

      Over the same period, Jyn served as IMC’s nominee director in ASX-listed companies Atlas Iron Limited, Kairiki Energy Limited and Horizon Oil Limited, as well as being a director and member of the operating committee of the Australian-based Ashton Coal Mine Pty Ltd [the largest producing coal asset of ASX-listed Felix Resources Limited]. During this time Jyn participated in the transformation of all these companies from junior explorers to established producers and exporters.

      From 2004-2006 inclusive, Jyn was the Managing Director/CEO of the ASX-listed Midwest Corporation Limited. In this period, she dramatically turned the company around and grew it from a struggling iron ore explorer to an iron ore producer and exporter. Jyn was instrumental in the successful negotiation and implementation of the historical, first-of-its-kind joint venture in Australia between the company and Sinosteel Corporation, the largest state owned iron ore trading company in China. Not long after Midwest begun exporting iron ore, Sinosteel successfully launched a takeover of the company for >A$1.2 billion at a price per share of A$6.38.

  • Australia


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      Murray Stewart

      Managing Director - Project Development & Operations
      Member of Investment Committee

      Murray brings with him over 40 years of experience in the mining industry.

      He started his career in the 1960’s in the engineering and construction sector, becoming a project supervisor at the age of 22.  He’s worked in some of the largest construction firms in the world including Bectal Pacific Constructions and EPT Constructions.  Murray supervised some of the most well-known projects in Australia including the building of grain silos for the wheat board in South Australia; road and rail bridges for South Australia Railways and the Main Roads Department; large water storage tanks for town water supplies; Australia’s first iron port at Finucane Island in Port Hedland; the iconic and one of the world’s most complex hydro-electricity projects, the Snowy Mountain Scheme, and; the Savage River Iron Ore Project in Tasmania.  

      In the 1970’s Murray ventured into the mining sector in a major way with a maiden venture in opal mining in South Australia’s  famed Andamooka opal fields, followed by another opal project at Karonie in West Australia.  It was during this period Murray became involved in the gold industry with his first project being Grants Patch Gold in Western Australia’s Kalgoorlie goldfields where he pioneered and perfected a leach process for extracting gold. Murray also pioneered a carbon-in-pulp method. This technology led to him becoming the fourth largest gold producer in Australia and the largest private producer, trailblazing the next generation of gold extraction with all major companies adopting the technology. He continued to be a major private gold producer for over 20 years.   

      Murray went on to develop many projects in precious and base metals. His expertise extends to project evaluation, metallurgy, exploration, development and production, plant design, environmental and rehabilitation and trouble shooting. Murray also served as a technical director to public companies and has consulted in Australia and overseas.  

      Murray also owned his own mining fleet and analytical and metallurgical laboratory plus a large engineering workshop where he fabricated mining equipment.

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      Wendy den Hollander

      Regional Financial Controller

      Wendy is a Certified Practicing Account with over 30 years experience.

      Prior to joining Crimson Ant, Wendy as the Group Accountant for the IMC Resources group of companies for three years.  She was accountable for the finance, management and financial accounting and reporting, taxation, payroll, office management, insurance and other commercial related activities for the group.

      Previous to that Wendy worked with Rio Tinto for 23 years with roles in finance, sales accounting, treasury, accounting systems and management accounting.  Her last role with Rio Tinto was with Rio Tinto Minerals Asia Pacific (RTM) which comprises three Rio Tinto businesses: Dampier Salt Limited; US Borax; and Luzenac.  Wendy was accountable for sales accounting, accounts receivable, accounts payable, accounting system development, reporting systems and the integration of all the commercial systems in Dampier Salt Limited.

      At Rio Tinto, Wendy was involved in a variety of significant projects including business expansion, new product business, business analysis, development of reporting systems, business acquisition and associated financial and systems integration, and design and implementation of an integrated commercial solution.

  • Indonesia


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      Norman Sanders


      Norm, a mining engineer, has over 30 years’ mining operational, technical and commercial experience, having worked in the USA, Chile, Indonesia and Australia.

      Prior to this, Norm spent two years with the IMC Resources group of companies as Manager-Development and Projects [Indonesia] and 15 years before that with BHP Billiton group of companies, specializing in new mine development and operations. While there, amongst other project development, Norm was involved in developing two thermal coal properties in northern New Mexico and the immense Escondida Copper Mine in Chile.

      Further, Norm developed the Satui Mine and other coal mines in Indonesia for PT Arutmin and the Singapore-listed Noble Group. Recently, Norm conducted a coal investment analysis and negotiated potential JV arrangements between an international client and an Indonesian domestic coal lease (KP) owner on a multi-million dollar south Kalimantan producer.  

      Norm has various experience in negotiating multi-million dollar coal joint ventures and operations in Indonesia, and managed multiple due diligence and review of operating and exploration components of coal investments.

  • United Kingdom


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      Graeme Baker

      Director - Commercial, Europe & Africa

      Graeme brings with him more than 30 years’ experience in the corporate, finance, investment sector.

      Graeme has worked in a wide range of industry and geographical sectors. He has been involved in mining and oil and gas projects across the USA, Malaysia, Australia, South America and Russia.

      Previous roles of Graeme includes being a senior executive of major listed companies and retains and presently holds the positions of Chairman or Executive Director in a number of unlisted companies including Russia’s first low cost airline (Sky Express) which he took from a business plan to successful launch in less than 2 years. Sky Express has become Russia’s 5th largest airline in less than 3 years of operations.

Crimson Ant Quick Facts

  • Assets under management ~$250m
  • We provide funding, experience, expertise and the network of Crimson Ant strategic investors
  • Successful track record of creating wealth of >A$2 billion for resource investors