– CANADA, Vancouver – Cornish Metals Inc. (TSX: CUSN | LON: CUSN), a mineral exploration and development company focused on tin/copper projects in Cornwall, UK, today announced the appointment of Tony Trahar to its Board of Directors as the representative of Vision Blue Resources.
“We are very pleased to welcome Mr. Trahar to the Board of Cornish Metals. Tony’s experience in all aspects of the mining industry will be a tremendous asset to Cornish Metals as we advance South Crofty and assess additional value-adding opportunities that may be presented to us,” said Richard Williams, CEO of Cornish Metals.
About Tony Trahar
Tony Trahar has had a distinguished 40-year career in the mining, natural resources, and industrial sectors. From 2000 to 2007 he was CEO of Anglo American Plc, one of the world’s largest mining groups, and was also a director of Anglo Gold, Anglo Platinum, and De Beers. During his tenure at Anglo American, Tony oversaw a significant period of growth, delivering a 35% return on equity and returning US$10.5 billion to shareholders while overseeing US$15bn of strategic acquisitions as well as US$11bn of disposals. In addition, he negotiated and implemented the US$19bn ‘take private’ of De Beers diamond group with the Oppenheimer family and the Government of Botswana. Tony is currently a special adviser to Vision Blue Resources.
From 1985-to 2000, he was CEO, and then Chairman of Mondi Ltd (now listed in London as Mondi Plc), multinational forestry, pulp, paper, and packaging group. Since leaving Anglo American he has also held several senior advisory roles for Barclays Natural Resource Investments (2007-2013) and Macquarie Bank (2014-2016). Tony holds a B.Comm degree and is a Chartered Accountant.
Mr. Trahar said “I am delighted to be joining the board of Cornish Metals and to be part of the project to bring South Crofty back into production. The South Crofty project is financially and environmentally sound, will add a new secure source of supply to the western world’s needs of energy metals, and will also provide significant employment and economic growth in the Camborne – Pool – Redruth area of Cornwall.”
About Cornish Metals
Cornish Metals completed the acquisition of the South Crofty tin and United Downs copper/tin projects, plus additional mineral rights located in Cornwall, UK, in July 2016 (see Company news release dated July 12, 2016). The additional mineral rights cover an area of approximately 15,000 hectares and are distributed throughout Cornwall. Some of these mineral rights cover old mines that were historically worked for copper, tin, zinc, and tungsten.
The South Crofty project covers the former producing South Crofty tin mine located beneath the towns of Pool and Camborne, Cornwall. The South Crofty mine closed in 1998 following over 400 years of continuous production. The Company has undertaken extensive pilot-scale water treatment trials and successfully applied for and received the necessary environmental permits to abstract, treat and discharge mine water to dewater the mine. Planning permissions for the operation of the mine and re-development of the surface facilities have been secured and construction of the water treatment plant foundations commenced. The dewatering pumps, variable speed drives, and new high-voltage power supply have been delivered to the site.
For more information: https://www.cornishmetals.com/
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