Bauxite Resources Limited (ASX:BAU) Resignation Of Managing Director
Perth, May 31, 2010 AEST (ABN Newswire) - Bauxite Resources Limited (
ASX:BAU) (PINK:BXRDF) is announcing that Mr Dan Tenardi has resigned effective immediately as Managing Director.
Dan has led a team that has expanded the company's landholdings, commencement of trial shipments and entered into strategic relationships with key Chinese partners in both the Yankuang Group and Shandong Bureau.
Mr Dan Tenardi wishes to make the following statement;
"The past eighteen months has seen BRL grow to an organisation with great potential and support from its Chinese partners. I will now be taking time-out to pursue new opportunities. I would like to thank the loyal staff who have supported me over the past eighteen months".
The Chairman of Bauxite Resources Ltd, Mr Barry Carbon stated that Mr Tenardi had achieved the goals set for him by the board and thanked Mr Tenardi on behalf of the board and management for his efforts.
The company has commenced the search for a suitable replacement for Mr Tenardi. In the interim Mr Carbon will act as CEO.
About Bauxite Resources Limited
Bauxite Resources (ASX:BAU) (OTCMKTS:BXRDF) was established with a substantial tenement holding in Western Australia to develop new bauxite supply for the global alumina/aluminium industry. The Company listed on the Australian Securities Exchange (ASX) in October 2007.
The Darling Range in the south-west of Western Australia (WA) is the world's largest bauxite mining and alumina refining region producing around 20% of the world's alumina. This area has mined bauxite and refined alumina since the 1960s. These industries are leaders in sustainable resource development and represent the fifth largest sector of WA's resource industry.
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