– UK, London – Strategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified mineral development and production company, is pleased to announce the appointment of Mr Alan Broome as Chairman and Non-Executive Director of Strategic Minerals. Mr Broome’s appointment has been made to provide the depth of management skills required to support the execution of the growth strategy Strategic Minerals has undertaken with the acquisition of the Tatu Coal Mine in the north island of New Zealand and the other projects currently under review, including the Wanbao project, China.
Mr Michael Wong has decided not to stand for re-election as a Non-Executive Director at the Company’s Annual General Meeting (“AGM”) on 2 July due to the increased workload from his investment banking business in Australia and Asia, and therefore will cease to be a director of the Company on conclusion of the AGM. The Board would like to thank Mr Wong for his contributions to the Company and wish him the best in his future ambitions.
Mr Alan Broome, AM, I.Eng.; F.AusIMM; FAICD; FICME; FIMMM; CFnstD (NZ), is a professional Director and business advisor with over 40 years’ experience in the metals, mining and energy industries. He is a metallurgist by training who developed an extensive background in metal casting and steel production before joining the mining industry as Managing Director of a major Australian coal industry owned group.
Alan has extensive knowledge of the mining industry accumulated through involvement with mining technology companies, government agencies and major international mining companies in promoting Australian mining and developing global trade.
He is a director and Chairman of a number of Australian mining technology companies including Micromine Pty Ltd., Hedweld Group Pty Ltd., CB3 Mining Ltd, Emeritus Chair of the Australian mining technology export group, Austmine (having been previous Chairman for 22 years), previous Chair of the Australian Government Action Agenda promoting Mining Technology, and previously the Deputy Chair of one of the world’s largest Internet based mining procurement companies, Quadrem.
In mining, he is Chairman of ASX listed company New Age Exploration Ltd.; while in New Zealand, he is Chairman of CRL Energy Ltd and Nuenz Ltd. and a previous director of the New Zealand State owned coal mining company Solid Energy Ltd.
Alan also sits on the Mineral Resources Sector Advisory Council of the CSIRO and is a Director of the New Zealand Coal Association.
In 1999, Alan was awarded the Westpac/Institute of Export award for Mining and in 2000, the Order of Australia (AM) for services to mining. In 2005 he was awarded the AusIMM President’s Award for contributions to the development of the Australian mining supply sector and in 2013 awarded the inaugural Life Member Award from Austmine.
Mr Alan Broome commented: “I look forward to bringing my experience, network and understanding of the mining industry to help the existing management execute its expansion plans. In particular, I consider my deep understanding of the New Zealand coal market and the likely domestic customers will help to ensure the Tatu project is a success.”
Mr John Peters, Managing Director, said: “The appointment of a Chairman as experienced as Mr Alan Broome is a real coup for Strategic Minerals. Not only does Alan bring with him broad mining industry experience and corporate governance skills but he has demonstrated an in depth understanding of the New Zealand coal market and his network of contacts has already assisted the Company in relation to planned operations, regulators and opened dialogue with likely customers at a senior level. I very much look forward to Alan working with the management team and believe we now have a well-balanced, strong and reliable team with which to execute our plans.”
The Company continues to review its board structure and expects to appoint an additional UK Non-Executive Director at the appropriate time.
Strategic Minerals plc is an AIM quoted, diversified mineral development and production company, with projects in the United States of America and New Zealand. The Company is focused on acquiring and developing cash generative, high quality projects which meet local market demand for commodities.
In September 2011, the Strategic Minerals purchased, its first cash generating asset, the Cobre magnetite tailings dam project in New Mexico, USA which it brought into production in 2014 and which continues to provide a revenue stream for the Company. The portfolio was expanded in March 2015 with the acquisition of the Tatu Coal Mine located in North Island, New Zealand. Strategic Minerals is now developing this project with the expectation it will make its first thermal coal sales by H1 2016.
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.