Ignacio Bustamante Joins Appian as Head of Base Metals, Bolstering Company’s Operational Leadership

June 15, 2023

Key Highlights:

  1. Ignacio Bustamante, currently serving as the CEO of Hochschild Mining PLC, is set to strengthen Appian’s operational leadership at the portfolio company level.
  2. Ignacio Bustamante will assume his role as the Head of Base Metals globally at Appian on August 28, 2023.
  3. Bustamante brings to the table considerable experience from a leading London-listed mining company and extensive connections in Latin America and other key jurisdictions.
  4. His appointment testifies to Appian’s ability to attract leading talent in the industry to foster its growth.

About Appian Capital Advisory LLP

Appian Capital Advisory LLP (“Appian” or the “Company”) is an investment advisor to long-term value-focused private capital funds that invest exclusively in mining and mining-related companies. It is headquartered in London, UK, and has a global team of 65 experienced professionals, with presences in various cities around the world.

Ignacio Bustamante Appointed as Head of Base Metals at Appian

Appian is pleased to announce the appointment of Ignacio Bustamante as Head of Base Metals, a role he will commence on August 28, 2023, after stepping down from his position as the CEO of Hochschild Mining PLC.

As part of Appian’s leadership team, Bustamante will oversee the company’s global base metals portfolio. He will be responsible for Appian’s operations, acquisitions, and growth strategy across all base metals, including zinc, copper, and nickel – commodities crucial for decarbonization. His addition to the team reinforces Appian’s ability to attract industry-leading talent and bolsters the company’s technical arbitrage capabilities.

Bustamante’s industry experience is significant. As a senior mining executive and current CEO of Hochschild Mining PLC, he has deep knowledge of financial and operational management and demonstrated leadership skills.

Words from the Leaders

Michael W. Scherb, Founder and CEO of Appian, commented, “Ignacio’s appointment reflects the strength of Appian’s business and its ability to attract market-leading talent. His significant management and operational expertise will be invaluable as we embark upon our next phase of growth. Base metals remain a core focus for Appian, and we are incredibly well placed to benefit from the energy transition and drive robust investor returns.”

Guillermo Kaelin, Managing Partner of Appian, said, “Ignacio’s vision and expertise will play a central role in advancing this important part of our portfolio. Having known and worked with Ignacio for over 15 years, he will be a significant addition to the business, bringing a wealth of experience from one of the world’s leading mining companies.”

Upon his appointment, Ignacio Bustamante expressed his excitement about joining Appian. He said, “Base metals remain in high-demand, and Appian’s unique strategy and value-add capital provide a compelling blueprint to unlock value and support demand for these critical commodities.”

For more information, please visit www.appiancapitaladvisory.com, or find us on LinkedIn, Instagram, or Twitter.

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