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Colossus Minerals Announces Management Appointments and Board Changes
Published : December 11, 2012
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TORONTO, ONTARIO--(Marketwire - Dec. 11, 2012) - Colossus Minerals Inc. (the "Company" or "Colossus") (News - Market indicators)(OTCQX:COLUF) is pleased to announce the following management and board changes:

  • David Anthony appointed President and COO effective December 13, 2012
  • Luís Albano Tondo appointed VP Operations and Country Manager, Brazil effective December 3, 2012
  • John S.M. Turner appointed to Board of Directors effective December 13, 2012
  • David Garofalo appointed to Board of Directors effective December 13, 2012

David Anthony has been appointed as President and Chief Operating Officer of Colossus. Mr. Anthony, a mining engineer with more than 30 years of experience in the mining industry, will be stepping down from the Colossus Board to assume the role. Mr. Anthony brings strong engineering and mineral processing expertise to the role through his experience as VP & Senior Project Director at Cliffs Natural Resources Inc. (2010-12) and through senior positions over nine years at Barrick Gold Corporation in Tanzania where he was responsible for development of the Bulyanhulu, Buzwagi and Tulawaka mines. These mines are three of the four world-class gold and copper operations which form African Barrick Gold plc, a $2.9B company of which Mr. Anthony was appointed Chief Operating Officer in 2009. Mr. Anthony has also worked for East Asia Minerals as Chief Operating Officer and Forbes & Manhattan as Senior Vice President, Mining. Mr. Anthony graduated from Queens University in 1979 with a Bachelor of Science in Mining Engineering (Mineral Processing).

Luís Albano Tondo has been appointed Vice President, Operations and Country Manager, Brazil. Mr. Tondo is a mining engineer with twenty five years' experience working at increasingly senior levels of a number of organizations. Mr. Tondo brings strong engineering and mineral processing expertise from developing mining projects for Rio Tinto plc, Kinross Gold Corporation and most recently OROSUR Mining Inc. where he was the Chief Operating Officer from 2010 to 2012. Prior to this, Mr. Tondo worked in a variety of capacities for Kinross, overseeing the Paracatu expansion from 2005 until 2010 and the development studies for Kinross' Lobo Marte development project and the Maricunga gold mine in Chile. Mr. Albano has his MBA from Fundação Dom Cabral, a MEngSc awarded by the JKMRC - University of Queensland - Australia in 1999, and a BSc Mining Engineering awarded by Federal University of Rio Grande do Sul - Brazil in 1988. He is also a fellow of the Australian Institute of Mining and Metallurgy (AusIMM), and is entitled to act as a Qualified Person according to the Canadian NI 43 101 reporting guidelines.

Claudio Mancuso, Chief Executive Officer, said, "I'd like to welcome Dave and Albano to Colossus. Both gentlemen have a long history of completing mine construction and development projects on time and on budget and subsequently operating those mines in a cost-effective manner. Their experience will help Colossus deliver on its development milestones and achieve production at Serra Pelada which is still on track for production in mid-2013."

John S.M. Turner, a Partner at Fasken Martineau DuMoulin LLP and the Leader of its Global Mining Group will fill Mr. Anthony's vacated board seat. Mr. Turner has been involved in many of the leading corporate finance and M&A deals in the resources sector with clients including issuers, underwriters and resource companies active throughout Africa, Latin America and Eastern Europe. Mr. Turner's work has been recognized on numerous occasions including Best Lawyers in Canada for Natural Resources Law, The International Who's Who of Business Lawyers, the Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada. Mr. Turner is the recipient of the Queen's Golden Jubilee Medal and is a member of both the Canadian Association and the Law Society of England and Wales.

Finally, Mr. David Garofalo, President and Chief Executive Officer of Hudbay Minerals Inc., has been appointed to the Board of Directors. Prior to assuming his current role in 2010, Mr. Garofalo served as Senior Vice President, Finance and Chief Financial Officer and a director with Agnico-Eagle Mines Limited, where he worked from 1998. From 1990-1998 Mr. Garofalo worked in various finance roles including Treasurer with Inmet Mining Corporation. Mr. Garofalo, a graduate of the University of Toronto (B.Comm.) and a Chartered Accountant, serves on the board of directors of Mackenzie Health Foundation. 

John Frostiak, Chairman of the Board of Directors, commented "I am extremely pleased to welcome John Turner and David Garofalo to the Board of Directors. Their extensive knowledge and experience will serve our shareholders well. I'd also like to take this opportunity to acknowledge the tremendous contribution that David Anthony has made as a director of Colossus."

About Colossus:

Colossus is a development-stage mining company focused on bringing its Serra Pelada project into production. Serra Pelada, located in the mineral prolific Carajas region in the State of Pará, Brazil, is host to one of the highest grade gold and platinum group metals deposits in the world. Between 1980 and 1986 Serra Pelada was host to the largest precious metals rush in Latin American history. Coverage of this famous mining rush by 60 Minutes can be viewed by following the link below. Colossus Minerals shares, warrants and notes trade on the Toronto Stock Exchange (TSX) under the symbols CSI, CSI.WT.A and CSI.NT respectively and in the United States its Common Shares trade on the OTCQX under the symbol COLUF. The Company is headquartered in Toronto, Canada. 

Colossus Minerals Inc.
Ann Wilkinson
Vice-President, Investor Relations
(416) 643-7655
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Colossus Minerals Inc

ISIN : CA19681L1094
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Colossus Minerals is an exploration gold and palladium company based in Canada.

Its main exploration properties are SERRA PELADA and NATIVIDADE in Brazil.

Colossus Minerals is listed in Canada. Its market capitalisation is CA$ 4.3 millions as of today (US$ 3.8 millions, € 2.8 millions).

Its stock quote reached its highest recent level on December 03, 2010 at CA$ 9.87, and its lowest recent point on January 17, 2014 at CA$ 0.03.

Colossus Minerals has 106 978 000 shares outstanding.

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Financings of Colossus Minerals Inc
11/30/2009Expiry of Warrants
11/25/2009’s Final Reminder to Holders of Unexercised $2.70 Common Sha...
10/26/2009Provides Notice of Early Expiry of Warrants
3/10/2009Announces Closing Of $24.7 Million Bought Deal Financing
2/12/2009Announces Cdn$21,500,000 Bought Deal Financing
Nominations of Colossus Minerals Inc
10/16/2013Names David Massola as New Chief Financial Officer
3/28/2013Provides Development Update and Announces the Addition of J....
12/11/2012Announces Management Appointments and Board Changes
11/8/2012Announces Search for Chief Operating Officer
10/12/2012Appoints John Frostiak as Chairman Following Planned Departu...
7/16/2012Appoints Lyle Pritchard as Vice President, Operations and Pr...
8/2/2011Appoints Antenor Silva and Mel Leiderman to its Board of Dir...
5/18/2011Appoints David Anthony to the Board of Directors
5/9/2011Appoints Paulo de Tarso Serpa Fagundes Chief Operating Offic...
3/3/2011Appoints Claudio Mancuso as Chief Financial Officer
9/28/2009Appoints Randy Reichert as President & COO
Project news of Colossus Minerals Inc
2/7/2013' Development Remains On Schedule for Initial Production In ...
12/15/2011(Serra Pelada)Extends High Grade Subzones in the CMZ and Expands the GT Zo...
3/24/2011(Serra Pelada)Drills 7.81 Metres at 136.43 g/t Gold, 249.20 g/t Platinum a...
11/30/2010(Serra Pelada)Provides Update on Development Progress at Serra Pelada
10/21/2010(Serra Pelada)Step Out Drilling at Serra Pelada Extends the Central Minera...
12/17/2009(Serra Pelada)Approval of the Final Exploration Report for the Serra Pelad...
11/2/2009(Serra Pelada)Media Coverage: “Colossus Delivers More Monster Holes at Ser...
11/3/2009(Serra Pelada)Commences Metallurgical Testing on Gold-Platinum-Palladium M...
9/3/2009(Serra Pelada)Drills 4.15 Metres @ 8.04 g/t Gold, 154.5 g/t Platinum and 2...
6/1/2009(Serra Pelada)Sponsors First Essay Writing Contest in Serra Pelada
2/11/2009(Serra Pelada)7.88M @ 98.4 g/t Platinum, 115.7 g/t Palladium, 2.74 g/t Rho...
Corporate news of Colossus Minerals Inc
10/25/2013Announces Board Change
9/23/2013Provides Development Update
9/10/2013to Present at the Bank of America Merrill Lynch 19th Annual ...
8/26/2013(Serra Pelada). Clarifies Events at Serra Pelada
8/13/2013. Completes C$37,950,000 Million Bought Deal Financing
7/23/2013. Announces Overnight Marketed Offering
7/15/2013Provides Development Update
7/8/2013Intersects Gold and Copper in its Phase 1 Drilling Program o...
7/8/2013Intersects Gold and Copper in its Phase 1 Drilling Program o...
6/18/2013Provides Development Update
6/12/2013. Completes C$28.75 Million Bought Deal Financing
5/21/2013Announces Voting Results
5/15/2013Provides Development Update
4/16/2013to Present at the European Gold Forum 2013
2/25/2013to Present at the BMO Capital Markets 22nd Global Metals & M...
1/25/2013to Present at the 2013 TD Securities Mining Conference
1/10/2013Intersects High Grade Gold Values in Diamond Drilling at Ele...
12/31/2012Reaches Mineralized Zone in Secondary Development
12/31/2012Reaches Mineralized Zone in Secondary Development
12/31/2012Reaches Mineralized Zone in Secondary Development
9/19/2012and Sandstorm Agree to a US$75 Million Long-Term Precious Me...
9/10/2012to Present at the 2012 Denver Gold Forum
8/20/2012Provides Update on Exploration on Elefante Area
6/18/2012Drills 3.30 Metres at 54.48 g/t Gold, 0.69 g/t Platinum and ...
5/29/2012to Present at Euro Pacific Global Investment Conference
5/15/2012Provides Update and Reminder of Annual General Meeting
4/30/2012to Present at Macquarie's "Making the Grade" Mining Conferen...
4/25/2012Drills 109.89 g/t Gold, 0.75 g/t Platinum and 15.51 g/t Pall...
4/10/2012Announces Significant Achievement in Metallurgical Recoverie...
4/2/2012(Serra Pelada)Provides Operations and Development Update for Serra Pelada
3/12/2012Expands the Elefante Mineralization, Intersects Gold in Uppe...
3/1/2012. Joins OTCQX
2/23/2012to Present at BMO Capital Markets 2012 Global Metals & Minin...
1/24/2012to Present at TD Securities 2012 Mining Conference
1/16/2012Acquires Cutia Property
12/2/2011to Present at Clarus Securities Inc. "Top of the Rocks" Inve...
10/11/2011Continues Strategic Evolution Toward Producer Status
9/7/2011Drilling Extends the GT Zone and High-Grade Subzones in the ...
4/26/2011Drills 7.30 Metres at 1494.7 g/t Gold, 516.6 g/t Platinum an...
1/24/2011Announces Results of AGM and Expiry of Warrants
11/23/2009Earning a 75% Interest in Serra Pelada Project
11/12/2009Listed on Van Eck’s Junior Miners ETF Index
11/12/2009Announces an Amendment to the Partnership Agreement with Coo...
10/28/2009Media Coverage: Steve Palmer, President & CEO of Alpha North...
10/7/2009Announces Filing Of Preliminary Prospectus
10/1/2009Announces $57.5 Million Bought-Deal Financing and Adopts Sha...
9/30/2009Drills 70.70 metres @ 53.59 g/t gold, 20.77 g/t platinum and...
8/10/2009Announces Change of Auditors
8/4/2009’s Check Assays Yield Higher Precious Metal Grades
7/3/2009Media Coverage: Mining Journal’s Feature on Brazil Highlight...
7/2/2009Media Coverage: Sprott Asset Management's Charles Oliver and...
6/15/2009Media Coverage: John Embry, Chief Investment Strategist at S...
6/4/2009Drills 27.9 metres @ 35.49 g/t gold, 19.89 g/t platinum and ...
2/11/2009Media Coverage: Steve Palmer, President & CEO of Alpha North...
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