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 |
READ CORPORATE
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