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Mundo Minerals Limited

Publié le 01 décembre 2008

Appointment of Chief Operating Officer

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Mundo Minerals Limited (ASX: MUN)

 

ASX/MEDIA RELEASE                                                                                                                       1 DECEMBER 2008

 

Appointment of Chief Operating Officer

 

Mundo Minerals Limited (ASX: MUN), is pleased to announce the appointment of experienced international mining executive, Mr Andrew Law, to the position of Chief Operating Officer (COO), effective immediately.

 

The appointment further strengthens Mundo Minerals? senior management team as it completes the ramp-up of gold production at the Engenho Gold Mine and continues to build its production and asset base in South America.

 

Mr Law has over 25 years experience in the mining industry in Australia and Africa, including extensive technical and senior management experience in the gold sector in South Africa, Australia and internationally. His expertise covers deep level underground mining environments, large open pit environments and large mineral sands dredging environments.

 

Mr Law has also gained executive management experience at both the senior operations level and the corporate level with companies such as Plutonic Resources, Placer Dome,  Moly Mines and more recently,  Millennium Minerals Limited. He has also been involved with a number of significant base and precious metal discoveries including the high-profile Spinifex Ridge Molybdenum Deposit in Western Australia, owned by Moly Mines Ltd.

 

He holds a Diploma in Mine Engineering (Witwatersrand) and a Masters in Business Administration from the University of Western Australia. He is a Fellow of the AusIMM, a Fellow of the Institute of Quarrying ? Australia and an Associate Fellow of the Australian Institute of Management.

 

In announcing Mr Law?s appointment, Mundo Minerals? Managing Director, Mr John Langford said: ?We are very pleased to have secured someone of Andrew?s calibre and experience to join our South American-based team. Andrew?s hands-on operational experience in the gold sector will significantly enhance and strengthen our existing management team.?

 

?Andrew will assume responsibility for the operational aspects of the Engenho Gold Mine to complete the production ramp-up to 32,000 ounces per annum and manage the operational aspects of bringing the newly discovered Crista deposit into production within the next 12 months,? he said.

 

?His development expertise will also be invaluable as we progress our other advanced assets, in particular the Jaqueira Gold Project in Brazil and the Torrecillas Project in Peru. Once production is firmly established at Engenho, our intention is to move these assets into production as quickly as possible to achieve our corporate objectives of building a sustainable 200,000 ounce per annum plus production profile in the medium term.?

 

John Langford

Chief Executive Officer


Background Information

 

Mundo Minerals Limited (ASX: MUN) is an Australian-domiciled international gold company focused on the exploration and development of a portfolio of medium-sized gold projects in South America.

 

Mundo Minerals? corporate strategy is based on developing an asset base within five years that will provide a sustainable and profitable production profile of 200,000 ounces of gold per annum from three to four mining projects, with a resource base approaching 3.5 million ounces.

 

During 2008, Mundo Minerals joined the ranks of international gold producers with the construction and successful commissioning of its first production asset, the 100%-owned Engenho Gold Project in the Minas Gerais area of Brazil.

 

The production ramp-up at Engenho is expected to be completed by early 2009 with an annualised production forecast at approximately 32,000 ounces per annum. A series of priority exploration targets have been established with the potential to significantly increase the resource base at Engenho and underpin further increases in production to a targeted long-term level of 50-60,000 ounces per annum.

 

Mundo?s other assets in South America include the 100%-owned Torrecillas Gold Project in Peru (currently subject to a Feasibility Study), the Tocantins Joint Venture in Brazil (exploration) and an option to acquire the Jaqueira Gold Project (exploration).

 

The establishment of this strong pipeline of emerging assets supports the Company?s overall objective of delivering a +200,000 ounce per annum production base within five years.

 

 

 

 

 

READ CORPORATE
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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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Mundo Minerals Limited

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CODE : MUN.AX
ISIN : AU000000MUN9
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Mundo Minerals Limited est une société d’exploration minière d'or basée en Australie.

Son principal projet en développement est CRISTA au Bresil et ses principaux projets en exploration sont JAQUEIRA, TOCANTINS et ENGENHO au Bresil et TORRECILLAS au Perou.

Mundo Minerals Limited est cotée en Australie. Sa capitalisation boursière aujourd'hui est 9,7 millions AU$ (9,8 millions US$, 7,5 millions €).

La valeur de son action a atteint son plus haut niveau récent le 29 février 2008 à 1,02 AU$, et son plus bas niveau récent le 10 août 2012 à 0,03 AU$.

Mundo Minerals Limited possède 201 375 177 actions en circulation.

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Présentations des Compagnies de Mundo Minerals Limited
17/09/2009Expecting Major Progress in FY10
29/04/2008Eagle Research Report
Nominations de Mundo Minerals Limited
18/08/2010Senior Executive Appointment and Project Financing Update
01/12/2008Appointment of Chief Operating Officer
14/06/2007Update on Torrecillas Project, Peru and Key Appointment
Projets de Mundo Minerals Limited
27/05/2010(Engenho)Broker Report from Eagle Research
17/03/2010(Engenho)Second Satellite Gold Discovery Confirmed at Engenho
19/02/2010(Engenho)Production on Track as Peru Trial Mining Delivers Record
12/02/2010(Torrecillas)Project Development Update
14/01/2010(Engenho)Production Resumes at Engenho Gold Mine
09/09/2008(Engenho)Open BriefingR. CEO Gives Engenho Production Update
08/09/2008(Engenho)Engenho Production Update, Funding Facility and Project Reso...
15/08/2008(Engenho)Third Priority Gold Target Identified at Engenho
04/08/2008(Engenho)Crista Anomaly Channel Sample Assays and Widths
31/07/2008(Engenho)Significant Gold Results from Crista, Engenho Tenements
30/07/2008(Engenho)Open Briefing®. Mundo Minerals. Engenho Production & Other P...
03/06/2008(Engenho)Engenho Plant Commissioning Update
05/05/2008(Engenho)Open Briefing®. Mundo Minerals. Engenho Commissioning & Grow...
01/05/2008(Engenho) Engenho Gold Production Commences
08/04/2008(Engenho) Projects Update - Engenho Exploration Potential Upgraded
04/12/2007 Significant Diamond Drilling Intersection at Tocantins
10/09/2007Spectacular RAB Drilling Results From Tocantins
Communiqués de Presse de Mundo Minerals Limited
11/04/2011(Crista)Update on Crista Approvals following key resolution on propo...
04/03/2011Announces $10-15M capital raising to drive gold production a...
04/06/2010Projects and Development Update, June 2010
22/04/2010March 2010 Quarterly Report
08/02/2010Capital Raising
29/01/2010Quarterly Report December 2009
23/11/2009AngloPacific Group agrees A$5million funding for Mundo Miner...
28/10/2009September 2009 Quarterly Report
16/09/2009Exploration and Market Update
23/07/2009June 2009 Quarterly Report
17/07/2009Corporate Weekly Wrap
13/07/2009Crista Update: Resource Drilling Commences Following Further...
09/06/2009Encouraging Results from Initial Drilling at Crista
09/06/2009CEO on Corporate Production Plans
15/06/2009Fat Prophets Research Report
25/05/2009Company Update - Operations and ProductionGrowth
04/03/2009Market Update and Financial Guidance - March 2009
02/02/2009Open BriefingR.Operating Performance & Ramp-up
28/01/2009December 2008 Quarterly Report CORRECTED*
28/01/2009Quarterly Activities Report December 2008
28/07/2008June 2008 Quarterly Activities Report
18/06/2008Completes First Engenho Gold Pour
13/06/2008Announces Key Board Transition
28/04/2008 Quarterly Activities Report
25/03/2008 Expands and Enhances Asset Base in Brazil
11/02/2008Mundo Minerals - Tocantins Joint Venture Update
08/02/2008 Engenh's Revving Up - Lodge Partners Research Report
04/02/2008Update on Engenho & Exploration
31/01/2008Upgrades Gold Production Forecast From South American Mine
29/01/2008Quarterly Activities Report
13/11/2007 Project Progress Report November 2007
03/09/2007Open Briefing - Outlines Upside at Projects
17/08/2007August 2007 Project Progress Report
18/07/2007$18M Capital Raising to Secure Developments of South America...
09/07/2007RAB Drilling Upgrades Discovery Potential at Tocantins
18/04/2007Additional Significant Assay Results - Torrecillas Gold Proj...
16/04/2007Go-Ahead for South American Gold Mine
10/04/2007Significant Underground Sampling Assays at Torrecillas
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