VIRGINIA CITY — Comstock Mining Inc. announced the election of Walter A. “Del” Marting to its board of directors and the retirement of Daniel W. Kappes, after six years of service. Kappes will remain involved with the company as a member of its recently established Mining Advisory Committee, to assist in all aspects of technical mining and mine development, along with Leo Drozdoff and Robert Reseigh.
The company welcomes Marting to the board, with an extensive resume in, among other areas, mining, mine development, strategic and operational finance. Marting started his mining career with Amax Inc., a worldwide producer of molybdenum that eventually became part of Freeport-McMoRan, the largest molybdenum producer in the world, with increasing responsibilities including supervising production from Amax’s largest underground and open pit molybdenum mines, worldwide strategic planning for all of Amax’s new molybdenum properties, including exploration, and ultimately vice president of Administration for Amax Europe, where he centralized all of Amax’s finance and treasury for Europe and consolidated and managed all of their metal trading for molybdenum, tungsten, copper, coal and iron ore into one European center.
He was also the chairman and CEO of Lucky Chance Mining Co., a Nevada-based miner that successfully reopened and restarted production at the famed 16-1 Mine in Allegheny, CA, that he took public.