Coalspur Mines Limited (ASX:CPL) Further Strengthens Board for Development of World Class Vista Coal Project
Perth, Oct 13, 2011 AEST (ABN Newswire) - Coalspur Mines Limited (
ASX:CPL) (TSE:CPT) is pleased to announce the following non-executive Director appointments as the Company progresses towards development of its world class Vista Coal Project:
- Mr David Murray - Engineer with over 30 years of international operating experience in the coal industry. Based in Melbourne, he recently held a number of senior positions within BHP Billiton (ASX:BHP), including President of BHP Billiton Energy Coal Division, President of BHP Billiton Metallurgical Coal Division and CEO of BHP Billiton Mitsubishi Alliance Coal. He has also served as Chairman of the World Coal Institute, Australian Coal Association and Richards Bay Coal Terminal.
- Mr Ted Mayers - Chartered Accountant with extensive experience in financial management within the mining sector. He is based in Toronto and was recently Chief Financial Officer of Lundin Mining (TSE:LUN).
- Mr Mark Rodda - Corporate lawyer who was recently General Counsel and Corporate Secretary for a large international resources group. He is currently a partner of a corporate services and advisory firm based in Perth.
- Mr William (Bill) Smart (alternate Director to Messrs Steyn and Breese) - Over 40 years experience in the mining industry including 26 years working for the Anglo American Group (PINK:AAUKY).
The above appointments are effective from October 13, 2011. Following these appointments, Messrs Ian Middlemas and Mark Pearce have resigned as Directors, also effective October 13, 2011.
Welcoming the new non-executive Directors, Mr Colin Steyn, Chairman, said "As Coalspur enters the next phase of its corporate development, now is the appropriate time to strengthen the Board further with some additional operational experience and Canadian capital market expertise in order to position Coalspur to successfully bring the Vista project into production."
"On behalf of the Board and the management team, I would like to thank Ian and Mark for their substantial contributions in progressing Coalspur into a major dual listed Canadian coal development company with a world class resource base of export quality thermal coal."
About Coalspur Mines Limited
Coalspur Mines Limited (ASX:CPL) (TSE:CPT) is a coal development company with approximately 55,000 hectares of coal leases located within the Hinton region of Alberta, Canada. Coalspur's flagship project is Vista, which covers approximately 10,000 hectares and provides a large scale, surface mineable, thermal coal development. Vista is located adjacent to CN Rail's main line, which is suitable for the transport of coal to deepwater ports on Canada's west coast. Coalspur has secured a port allocation agreement with Ridley Terminals Inc., which is essential to the logistics supply chain necessary to export coal from Vista to the growing demand from the Asia Pacific countries.
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