Appointment of CEO
Perth, Feb 11, 2013 AEST (ABN Newswire) - Bauxite Resources Limited (
ASX:BAU) is pleased to announce the appointment of Mr Peter Canterbury as its new Chief Executive Officer (CEO) and Executive Director.
Mr Canterbury joins Bauxite Resources from Sundance Resources Ltd., where he has been the CFO for the past six years. He played a critical role in rebuilding Sundance as acting CEO following the tragic plane crash in June 2010 which claimed the lives of the CEO and the entire Board.
Mr Canterbury is a highly regarded senior mining executive who brings to the role significant knowledge of the bulk commodity industry, particularly in bauxite and alumina.
Between 2001 and 2007, Mr Canterbury was the Chief Financial Officer (CFO) of Dadco Europe which owns the Stade Alumina refinery in Germany and a share in the CBG bauxite mine in Guinea. During this time there he was responsible for finance, commerce and logistics. Earlier in his career he held several senior positions with Alcoa World Alumina in the finance, marketing and projects areas in Australia and overseas.
Mr Barry Carbon, Chairman of Bauxite Resources, said Mr Canterbury was ideal to lead Bauxite Resources through the next significant stage of its development which is centred on commercialisation of exploration tenements and development of two Joint Venture projects.
"Mr Canterbury has finance, commercial and marketing experience in the alumina and bauxite industry, in addition to the well recognised work he did with Sundance Resources. I am confident that he has the right qualities to take Bauxite Resources through its next phase of growth.
"Mr Canterbury's leadership was demonstrated with Sundance both for his role in rebuilding that company and also with negotiating a benchmark Mining Convention in Cameroon."
Mr Canterbury will commence in May, and is excited to join Bauxite Resources.
"I have followed Bauxite Resources for several years and believe it has a great board and strategy in place to develop its significant land holdings. I'm looking forward to the new opportunities this role presents.
I share a sense of achievement with my colleagues at Sundance for what we have accomplished, and I believe that I will leave them when that company is in good shape"
Mr Canterbury is married with one daughter and holds a Bachelor of Business (Accounting).
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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