Asian Mineral Resources Announces Appointment of Chief Financial Officer
April 23 2014 - 9:30AM
Marketwired
Asian Mineral Resources Announces Appointment of Chief Financial
Officer
TORONTO, ONTARIO--(Marketwired - Apr 23, 2014) - Asian Mineral
Resources Limited ("AMR") (TSX-VENTURE:ASN) is pleased to announce
the appointment of Sean Duffy as Chief Financial Officer. Mr.
Duffy, whose appointment will take effect from June 1, 2014, will
be based full-time in Hanoi.
Mr. Duffy brings with him more than 20 years of international
finance experience in the mining industry. He joins AMR from Anglo
Asian Mining Plc. where he served as CFO and Company Secretary for
the AIM-listed gold mining company.
Previously, Mr. Duffy held senior finance roles at BHP
Billiton's global operations, where he oversaw the integration of
the company's US$9bn acquisition of Western Mining Corporation, and
as Finance Director of BHP Billiton Indonesia, where he was
responsible for all aspects of finance, logistics, IT and
administrative functions relating to over US$5bn of coal assets in
the region. In addition, Mr. Duffy has held senior finance
management roles at base and precious metals mining companies in
both Africa and the Middle East.
Mr. Evan Spencer, CEO of AMR, stated: "It gives me great
pleasure to welcome Sean. He is joining AMR at a very exciting time
with the Ban Phuc nickel mine having achieved commercial production
and now focusing on production growth and exploration. The depth of
Sean's experience in the management of leading mining companies,
and his background in implementing systems and long-term growth
planning will be invaluable during this period of growth."
Company Profile:
Asian Mineral
Resources Limited ("AMR") is one of the few new sources of nickel
sulphide supply globally. AMR commenced commercial production from
its Ban Phuc nickel project in Vietnam in mid-2013. The Ban Phuc
project currently produces over 6,400 tonnes of nickel and 3,200
tonnes of copper contained in concentrate per annum, plus a cobalt
by-product.
In addition to in
and near-mine expansion projects, Ban Phuc provides a
cash-generative operating platform from which AMR can continue to
focus on developing a new nickel camp within its 150km2 of
concessions located throughout the highly-prolific Song Da rift
zone, where AMR has a number of advanced-stage nickel exploration
targets.
For further details on AMR, please refer to the technical report
entitled "NI 43-101 Technical Report - Ban Phuc Nickel Project"
dated February 15, 2013 available on SEDAR, and also visit the
company website at www.asianminres.com.
Forward-Looking Statements
This press release includes certain "Forward-Looking
Statements." All statements, other than statements of historical
fact, included herein, including without limitation, statements
regarding completion of the project, the commencement of production
and the achievement of expected benefits, potential mineralization
and reserve and resource estimates, exploration results and future
plans and objectives of AMR are forward-looking statements.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of AMR to be materially different from
any future results, performance or achievements expressed or
implied by the forward-looking statements. Important factors that
could cause actual results to differ materially from AMR's
expectations are disclosed under the heading "Risk Factors" in
AMR's Annual Information Form, and elsewhere in AMR's documents
filed from time-to-time with the TSX Venture Exchange and other
regulatory authorities. Such forward-looking statements are based
on a number of material factors and assumptions, including:
estimated cost to bring the Ban Phuc Nickel mine into commercial
production, that contracted parties provide goods and/or services
on the agreed timeframes; that on-going contractual negotiations
will be successful and progress and/or be completed in a timely
manner; that application for permits and licences will be
granted/obtained in a timely manner; that no unusual geological or
technical problems occur; that plant and equipment work as
anticipated and that there is no material adverse change in the
price of nickel. Although AMR has attempted to identify important
factors that could cause actual actions, events or results to
differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events
or results to differ from those anticipated, estimated or intended.
Forward-looking statements contained herein are made as of the date
of this press release. AMR disclaims any obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by law.
There can be no assurance that forward-looking statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements due to the inherent uncertainty
therein.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Asian Mineral Resources LimitedPaula KemberCorporate Secretary+1
(416) 360-3412
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