ABRA MINING and Industrial Corp. has named a new president and chairman, marking changes in the listed mining company at the start of the new year.

In a disclosure, the company said that its board in a meeting on Jan. 4 had elected 59-year-old James G. Beloy as the new president and chairman of the board, replacing the 83-year-old Jeremias B. Beloy.

The younger Mr. Beloy served as the company’s executive vice-president, as well as a member of the board of directors from 1994 until present. He is also the president of Jabel Corp., and an associate realtor and consultant of Melie G. Beloy Realty.

He is a registered mining engineer, who holds a Mining Engineering degree from the University of the Philippines.

Along with him, Joel G. Beloy was elected as a director to replace the position vacated by the older Mr. Beloy. He was also appointed executive vice-president and chairman of the compensation committee.

Shares in Abra Mining ended flat at P0.0014 each in the stock exchange on Monday. — Vincent Mariel P. Galang