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Brockman Resources Limited

Published : June 10th, 2010

Appoints Former Rio Tinto Executive Barry Cusack as Chairman

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Keywords :   Australia | Coal | Copper | Iron | Nixon |

Brockman Resources Limited (ASX: BRM) ? ASX/Media Release: 10 June 2010

BROCKMAN APPOINTS BARRY CUSACK AS CHAIRMAN

FORMER SENIOR RIO TINTO EXECUTIVE TO HEAD UP EXPANDED BOARD

 

 

Australian iron ore company Brockman Resources Limited (ASX: BRM ? ?Brockman? or ?the Company?) is pleased to announce the appointment of prominent Australian businessman and former Rio Tinto Australia Managing Director Mr Barry Cusack as Non-Executive Chairman.

 

Mr Cusack is one of Australia?s most accomplished mining executives, with over 40 years of experience in the minerals industry including a lengthy and distinguished career spanning several decades with the Rio Tinto (previously CRA Limited) group.

 

His appointment adds further depth, experience and capability to the Brockman Board as it prepares to make the transition to iron ore production at its flagship Marillana Project in the heart of the Pilbara iron ore region of Western Australia.

 

Brockman?s founding Chairman, Mr Ross Norgard, will assume the role of Deputy Chairman in an expanded Board structure which already includes former senior BHP Iron Ore executive Mr Wayne Richards as Managing Director, Executive Director Mr Colin Paterson and Non-Executive Directors Mr David Nixon (former Chairman of Atlas Iron) and Mr Ross Ashton (former Managing Director of Red Back Mines Ltd).

 

Mr Norgard said the Company was delighted to have secured the services of one of the Australian iron ore industry?s most experienced and accomplished executives in Barry Cusack to join Brockman as Non-Executive Chairman.

 

?Barry joins Brockman at a critical time in our Company?s evolution as we move into the development and financing phase of our flagship asset, the Marillana Iron Ore Project,? Mr Norgard commented.

 

?His experience in the Australian iron ore sector, including in the funding, development and operation of major projects, will be invaluable to Brockman as we move to the next level of our corporate development.?

 

?I look forward to working alongside Barry as Deputy Chair in steering the Company through some of the challenges that lie ahead. Barry?s experience, input and counsel will be invaluable in many of these key areas, including the key issues of infrastructure access in the Pilbara and the challenges posed by the recently announced Resource Super Profits Tax.?

 

Commenting on his appointment, Barry Cusack said: ?I am delighted to join the highly regarded Board of Brockman and its professional management team as it moves towards establishing its first mine at Marillana.?

 

Mr Cusack has held a number of key executive roles with Rio Tinto, including as Managing Director of HiSmelt Corporation in the early 1990s, Managing Director ? Operations with Hamersley Iron from 1993 to 1997 and Managing Director of Rio Tinto Australia until 2001.

 

He has also held numerous high profile Board positions including as Chairman of Coal and Allied Industries Ltd (1997-2002), Chairman of Bougainville Copper Limited (1997-2003), Chairman of Energy Resources Australia Ltd (1997-2003) and Chairman of OZ Minerals Limited (2002-2010).

 

He was previously a Director of Smorgon Steel Group Limited (2002-2007) and is currently Deputy Chairman of Macmahon Holdings Limited and Non-Executive Director of Toll Holdings Limited.

 

He is a Past President of the Minerals Council of Australia and the WA Chamber of Minerals and Energy, of which he is a Life Member.

 

About Brockman Resources

 

Brockman is an ASX300 listed Company with its principal project, the Marillana Iron Ore Project, located 100km north-west of Newman in the Pilbara region of Western Australia and lying close to existing rail, road and port infrastructure. The Marillana Project will potentially be the largest ?junior? iron ore (hematite) project in Australia.

 

Brockman has built a portfolio of additional iron ore tenements throughout the Pilbara (predominantly the West Pilbara) to develop a pipeline of future projects and expansions, thereby creating future value enhancement to the Company?s shareholders.

 

The Company is a founding member of the North West Iron Ore Alliance, which is completing studies into the development of two inner harbour berths and associated material handling infrastructure at Port Hedland to accommodate the Alliance?s 50 million tonne per annum export capacity allocation.

 

The Marillana Project is scheduled to commence production in 2013 at a nominal rate of 17-20 million tonnes per annum.

 

 

 

Wayne Richards

Managing Director

 

?ENDS?

 

<<PLEASE NOTE: A HIGH RESOLUTION IMAGE OF MR CUSACK IS AVAILABLE FROM READ CORPORATE ON REQUEST>>

 

Released by:

Nicholas Read

Read Corporate

Phone: +61 8 9388 1474

On behalf of:

Wayne Richards

Managing Director

Brockman Resources Limited

Phone: +61 8 9389 3000

 

 

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T: (+61-8) 9388-1474 | F: (+61-8) 9388-1472 | E: info@readcorporate.com.au | Web: www.readcorporate.com.au 

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Data and Statistics for these countries : Australia | All
Gold and Silver Prices for these countries : Australia | All

Brockman Resources Limited

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CODE : BRM.AX
ISIN : AU000000YGL7
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Brockman Res. is a gold producing company based in Australia.

Brockman Res. develops gold and iron in Australia, and holds various exploration projects in Canada.

Its main asset in development is MARILLANA in Australia and its main exploration property is WEST HAMERSLEY in Canada.

Brockman Res. is listed in Australia. Its market capitalisation is AU$ 366.4 millions as of today (US$ 381.0 millions, € 304.8 millions).

Its stock quote reached its lowest recent point on August 20, 2004 at AU$ 0.10, and its highest recent level on April 08, 2011 at AU$ 6.25.

Brockman Res. has 144 803 151 shares outstanding.

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Corporate Presentations of Brockman Resources Limited
1/29/2008Patersons Research Report
Nominations of Brockman Resources Limited
2/10/2012Acceptance of Takeover Offer by Independent Directors
1/27/2012BRM - Appointment of CEO
6/10/2010Appoints Former Rio Tinto Executive Barry Cusack as Chairman
9/8/2009Welcomes appointment of Mr Ian Campbell as Alliance Chairman
1/7/2009Appoints UBS as Corporate Adviser
9/5/2008Announces Two Key Appointments
3/13/2008 Appoints General Manager - Project Development
Project news of Brockman Resources Limited
12/12/2011Bid Implementation Agreement - Brockman Resources
12/12/2011Recommended Takeover Offer for Brockman Resources
6/17/2011(Marillana)and Wah Nam Confirm Project Development
4/21/2011(Marillana)Quarterly Report for the Period 31 March 2011
2/17/2011(Marillana)Marillana iron ore project receives final environmental appr...
6/1/2010(West Hamersley)Identifies Significant New Hematite Targets at West Hamersle...
5/10/2010(Marillana)Public Environmental Review Commences For Marillana Iron Ore...
11/26/2009 Awards Key Definitive Feasibility Study Contract
9/7/2009(Marillana)New Port Contract Takes Brockman's Marillana Project Closer ...
8/18/2009(Marillana)Receives Key Environmental Approval for Marillana Iron Ore P...
8/10/2009(Marillana)Moves to Definitive Feasibility Study Following Completion o...
3/11/2009COMPLETION OF SCOPING STUDY FOR THE DEVELOPMENT OF MULTI USE...
3/4/2009(Marillana)Abalone Delivers 25% Increase in Marillana DSO Resource to 7...
1/20/2009(Marillana)Confirms new discovery of direct shipping iron ore at Abalon...
12/3/2008(Marillana)Marillana Project Development Update
11/5/2008(Marillana)Marillana Project Development Update
8/21/2008(Marillana)Delivers 40% Increase to Marillana Iron Ore Resource to 1.6 ...
7/16/2008(Marillana)Awards Key Contract for Marillana Definitive Feasibility Stu...
6/5/2008(Marillana) RAISE A$112.5M TO COMPLETE FUNDING REQUIREMENTS FOR EARLY S...
3/5/2008(Marillana)on the Move with Landmark 1.1 Billion Tonne Iron Ore Resourc...
1/18/2008(Marillana)+59% Detritals Upgrade at Marillana
Corporate news of Brockman Resources Limited
2/13/2012Letter to Shareholders
2/9/2012FIRB Approves Wah Nam Australia Takeover
1/31/2012BRM Quarterly Activities Report
1/25/2012BRM Progress Report - Positive Exploration Drilling Results
12/15/2011Target's Statement
12/8/2011Open Briefing with Interim CEO Colin Paterson
8/30/2011Identifies Significant New Hematite at Ophthalmia
7/22/2011(Marillana)Marillana BFS on Schedule for Completion in Q4 2011
6/30/2011support for industry consolidation
6/14/2011Welcomes Conclusion of Wah Nam Bid
6/2/2011(Marillana)Marillana Development on Track
5/16/2011Wah Nam Offer Extended Until 15 June
4/1/2011Shareholder Update - Wah Nam Takeover Offer
2/14/2011Response to Takeover's Panel Reasons
2/11/2011Response to the Takeover Panel's reasons
1/25/2011Response to Media Reports
8/24/2010Brockman reports positive results from key metallurgical sin...
4/21/2010Signs Landmark MOU with Sinosteel for Iron Ore Off-take
5/26/2010Letter to Shareholders Regarding the Resource Super Profits ...
2/24/2010Major Boost for Brockman as Test work Confirms Upgradeabilit...
2/9/2010Major Resource Upgrade takes Brockman=E2??s Iron Ore Project...
1/27/2010Quarterly Report December 2009
10/29/2009September 2009 Quarterly Report
7/29/2009June 2009 Quarterly Report
6/25/2009New Substantial Shareholders
6/2/2009Shareholder newsletter
5/29/2009Shareholder Newsletter
1/20/2009Confirms New Discovery of DSO Iron Ore at Abalone - Marillan...
10/1/2008Signs Landmark Native Title Mining Agreement for Marillana P...
9/26/2008Welcomes High Court Ruling on Declaration of Pilbara Rail Li...
9/17/2008Identifies Potential Target of 30 ? 50Mt of Direct Shipping ...
8/21/2008MEDIA RELEASE : BROCKMAN RESOURCES
8/6/2008Port Hedland Berth Reservation to Brockman Resources Via NWI...
7/30/2008June 2008 Quarterly Activities Report
7/10/2008All Funds From A$112.5M Capital Raising Now Received
7/7/2008Completes A$112.5M Raising to Underpin Early Production Push
7/2/2008Improved Beneficiation Recoveries Indicate Potential 125Mt U...
6/24/2008 Welcomes NCC Recommendation to Declare Pilbara Rail Lines
6/18/2008Paterson's Research Report
6/13/2008Marillana in Prime Location to Benefit from Proposed Pilbara...
4/29/2008Quarterly Activities Report
4/22/2008 Confirms Discussions with Haoning Group
6/5/2007Has joined forces with iron ore miner Midwest Corporation
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