Appoints Steven Boulton Following Shiploader Trials
Perth, Aug 22, 2014 AEST (ABN Newswire) - Atrum Coal NL ("Atrum" or the "Company") (
ASX:ATU) (ATRCF:OTCMKTS) is pleased to announce the appointment of Mr Steven Boulton to the Board as a Non-Executive Director.
Commenting on the appointment, Chairman Mr James Chisholm stated:
"Having recently completed a successful trial of the ship loader at Stewart Bulk Terminal with high grade anthracite, it is timely that we welcome Steve to the team. He has a remarkable track record having managed some of Australia's largest infrastructure businesses. We look forward to his input as we ultimately look to develop Atrum into the world's largest high grade and ultra-high grade anthracite producer."
Mr Steven Boulton, MTM, BBus, FAICD, FAIM, CAHRI has in excess of 35 years' operational and investment experience in major infrastructure projects, including ports, rail, roads, airports and utilities. He is one of Australia's leading infrastructure executives and currently serves as Global Head of Infrastructure at CP2.
He has previously performed in a number of major infrastructure advisory roles:
- Chief Executive Officer - Allgas Energy Ltd
- Chief Executive Officer - Powerco Limited (NZ's 2nd largest electricity/gas enterprise)
- Chief Executive Officer - Prime Infrastructure ($3.7 billion infrastructure fund)
- Chief Executive Officer - Hastings Funds Management ($7 billion infrastructure fund)
- Executive Director - Australian Pacific Airports Corporation
- Executive Chairman - Dalrymple Bay Coal Terminal (one of the largest coal export facilities)
- Executive Chairman - PD Ports (UK's 2nd largest commodity seaport)
- Executive Chairman - WestNet Rail
- Executive Chairman - International Energy Group (UK's 2nd largest independent gas utility)
- Non-Executive Director - Port of Brisbane Pty Ltd
- Non-Executive Director - Infrastructure Partnerships Australia
- Non-Executive Director - The Australian Infrastructure Fund
Mr Boulton will assist the Board deliver a low cost infrastructure strategy in the initial stages of production at Groundhog. Longer term he will help the Company navigate a range of off-balance sheet options to infrastructure expansion funding (rail, port, power), which would be required to facilitate a multi-mine strategy. It is Atrum's vision to become the world's largest high grade and ultrahigh grade anthracite producer.
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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