Stirling Resources Limited - Appoints Mr Marty Adams As Managing Director
14.07.2010 | ABN Newswire
11:58 AEST July 14, 2010 ABN Newswire (C) 2004-2010 Asia Business News PL. All Rights Reserved.Perth, Australia (ABN Newswire) - Stirling Resources Limited (ASX: SRE) advises it has appointed Mr. Marty Adams as Managing Director.
Mr. Adams has thirty years' experience in the Australian mining industry. Holding a degree in Mining Engineering from Melbourne University and an MBA from Deakin University, he has held a range of operational and senior management positions in open pit and underground operations and has extensive experience in gold, copper, mineral sands, iron ore and lead/zinc projects. Mr. Adams' experience includes 17 years with Normandy Mining Limited, including three years as General Manager of Normandy's Tennant Creek Operations. He was recently the Project Manager for Hillgrove Resources Limited's (ASX: HGO) (PINK: HLGVF) Kanmantoo Copper Project, where he oversaw the successful completion of its feasibility studies and permitting activities.
He is currently also the Chief Executive Officer of Australian Zircon NL (ASX: AZC). Stirling's Chairman, David Nabarro, said 'We are delighted Marty has accepted the challenge of optimising Stirling's portfolio of resource investments. His mining industry qualifications and extensive experience will be both of great value to the Board and of vital importance in realising value for all of Stirling's stakeholders'.
About Stirling Resources Limited:
Stirling Resources Limited (ASX:SRE) is a West Australian resources developer focusing on investment and development of copper, zircon, coking coal, gold and iron ore projects. The Company consists of highly experienced resource development and mining personnel with track records of creating shareholder value.
Previously the group took control of a financially distressed manganese producer and developed it into a diverse mineral commodity producer to become included in the ASX 200 and was ultimately taken over by an international conglomerate for A$1.25b. The Company grew from being a small unreliable manganese producer to ultimately supplying 10% of the world's high grade manganese to global customers and developed significant projects in chromite, nickel, copper, zinc and iron ore.
The Company's strategy for creating shareholder value is to identify projects that comprise either commodities that are considered to have strong future demand or geological characteristics that have potential and yet for various reasons have not achieved their possibilities. The focus is on brown fields projects close to development or production.
Driven by the underlying fundamentals of the Chinese economy and the continued massive urbanisation process commodities such as copper, zircon, gold and iron ore will continue to be in strong future demand. The Chinese growth is augmented by the Indian economic growth particularly in the steel industry leading to increasing demands of coking coal.
Contact:
Stirling Resources Limited
Marty Adams
Managing Director
Tel: +61-8-6389-6800