Appoints Coal Specialist to the Board
Perth, July 3, 2014 AEST (ABN Newswire) - Atrum Coal NL (
ASX:ATU) (ATRCF:OTCMKTS) ("Atrum" or the "Company") is pleased to announce the appointment of Mr Cameron Vorias to the Board as a Non-Executive Director.
Commenting on the appointment, Chairman Mr James Chisholm stated:
"We are pleased to welcome Cameron to the team at a time when Atrum is looking to mine its first anthracite. He has built and operated a number of coal mines for major mining companies and we look forward to his contribution as Atrum transitions from explorer to producer this year."
Mr Cameron Vorias, BE (Hons), MBA (Technology) has in excess of 30 years' operational experience in the mining industry including underground and open cut metallurgical coal mining and large scale haematite iron ore operations. He has a solid track record in new mine development, resource management and risk management. He has worked around the world including Australia, South Africa, Venezuela, China, Alaska, USA and Indonesia.
Mr Vorias started his career with BHP Iron Ore in Mount Newman as a mining engineer where he was responsible for open cut mine planning and operations before moving to work for Shell International in London as the business development and project acquisition manager with responsibility for the acquisition of the Paso Diablo and Socuy mines in Venezuela.
Mr Vorias was previously General Manager for New Hope Coal where he constructed and operated the New Acland Mine near Toowoomba, Queensland, producing 7Mtpa run-of-mine coal and employing approximately 200 people. He was also previously General Manager (Queensland Operations) for Excel Coal where he developed and commissioned the $350M "Millennium" coal mine in central Queensland, employing around 300 people and producing 1.5Mt of product in the first year of operation. He held the position of Chief Operating Officer (Queensland) for PeabodyEnergy Australia where he managed six large underground and open cut coal mining operations which generated in excess of US$1.8B in revenue annually and employed 1,500 people.
Mr Vorias is currently Managing Director and Chief Executive Officer of Sojitz Coal Mining Pty Ltd. In this role, he is responsible for the management of a large open cut coal mine. As well, he is currently reviewing a number of new Australian business opportunities on behalf of Sojitz.
Mr Vorias is also currently a Non-Executive Director of Coal of Queensland Pty Ltd, an emerging coking coal mining company in Queensland.
About Atrum Coal Limited
Atrum Coal Limited (ASX:ATU) is a metallurgical coal developer. The Company flagship asset is the 100%-owned Elan Hard Coking Coal Project in southern Alberta, Canada. Elan hosts large-scale, shallow, thick, hard coking coal (HCC) deposits with a current JORC Resource Estimate of 298 Mt (70 Mt Indicated and 228 Mt Inferred). Comprehensive quality testing of Elan South coal on samples from the 2018 exploration program, combined with review of substantial historical testwork data for the broader Elan Project, has confirmed Tier 1 HCC quality.
The initial focus for development is the Elan South area, which is located approximately 13 km from an existing rail line with significant excess capacity, providing direct rail access to export terminals in Vancouver and Prince Rupert. Elan South shares its southern boundary with Riversdale Resources Grassy Mountain Project, which is in the final permitting stage for a 4.5 Mtpa open-cut HCC operation. Around 30km to the west, Teck Resources operates five mines (the Elk Valley complex) producing approximately 25 Mtpa of premium HCC for the seaborne market.
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