Louis Freeh, who ran the bureau from 1993 to mid-2001, is leading Alix Partners in advising Swiss company Solway on revamping governance at the Fenix complex.

The investment comes as part of a $44 million Series B round of financing.

Kaizen's main asset is the Pinaya copper-gold project in southeastern Peru.

Ceibo is promising to improve copper production with less water.

Sandfire said last week it had discovered damage to an artefact scatter at its Monty copper mine that had occurred over 2017 and 2018.

The company hasn’t yet addressed issues that led to property destruction and multiple deaths after flooding reached a nearby community in March, the government said.

With Jack taking the reins, the company’s key officer positions are now held by siblings, as his brother Adam is the firm's chairman.