CAPE ALUMINA LTD
Media Release: 21 January 2015
Experienced mining executive Simon Finnis has been appointed CEO
of Metro Mining Ltd (ASX: MMI)
Metro Mining is the new entity that has emerged as a result of
MetroCoal Ltd's takeover of Cape Alumina Ltd late last year.
Mr Finnis was previously CEO of Grand Cote Operations in Senegal. In a mining industry career spanning over 28 years, he has worked throughout Australia in underground and open cut mining operations. His previous roles have included Operations Manager for the Pooncarie Mineral Sands Project, redevelopment of the Gold Ridge Mine in the Solomon Islands and Managing Director of Global Resources Corporation Limited.
Metro Mining Chairman Stephen Everett says Mr. Finnis' experience through feasibility, construction and commissioning of both new and brown fields' operations, places him in an ideal position to bring the company's Bauxite Hills Project in Western Cape York on line in the shortest time frame possible, and at the lowest capital cost.
"Whilst Metro Mining is a diversified bulk commodities company with a portfolio of bauxite projects and significant thermal coal resources, our immediate focus is on Bauxite Hills," Mr Everett said.
"Metro Mining's tenements in Cape York cover approximately 1,900 sq. kilometers, one of the largest holdings in the region outside Rio Tinto's Alcan mining leases. With the inferred resource now at 47 million tonnes of DSO bauxite, we have an excellent project to develop.
" There continues to be strong demand for bauxite from China assisted by Indonesia's ban on raw material exports. Our plan is to tap into that demand by bringing Bauxite Hills into operation as soon as possible," Mr Everett said. (ends)
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