Former ENRC Executive Said to Replace Edmonds at Sable

Jim Cochrane, former chief commercial officer at Eurasian Natural Resources Corp., is to replace former England cricketer Philippe Edmonds as chairman of Sable Mining Africa Ltd., according to two people with knowledge of the matter.

Cochrane’s appointment may be announced as soon as Monday, according to the people, who asked not to be identified before an official statement. Edmonds will continue at the company as a director, one of the people said.

A spokesman for the company declined to comment. Edmonds couldn’t immediately be reached for comment.

Sable is developing the Nimba iron ore mine in southeast Guinea, which contains about 178 million metric tons of the steelmaking ingredient. Sable was given a mining license for the project in September and granted permission to export the ore through neighboring Liberia in October.

Sable, which targets first production in 2015, plans to transport the iron ore to the port of Buchanan in Liberia. ArcelorMittal, the world’s biggest steelmaker, operates a mine in Liberia and a rail line to the harbor at Buchanan.

Cochrane, who worked at ENRC for more than a decade as head of marketing and sales, resigned from his CCO position and board seat at the company in April.

Sable was founded by Chief Executive Officer Andrew Groves and Edmonds. The pair previously operated Central African Mining & Exploration Co., which they sold to ENRC for about 584 million pounds ($950 million) in 2009.