Bauxite Resources Limited - New CEO Scott Donaldson Commences
31.01.2011 | ABN Newswire
11:02 AEST Jan 31, 2011 ABN Newswire (C) 2004-2011 Asia Business News PL. All Rights Reserved.Perth, Australia (ABN Newswire) - Bauxite Resources Ltd (ASX: BAU) (\'BRL\' or \'the Company\') announces Mr Scott Donaldson has commenced as the new Chief Executive and Executive Director. Mr Donaldson is a qualified mining engineer with a graduate diploma in business. He brings more than 20 years experience in the mining industry in Australia and New Zealand with a variety of minerals including gold, nickel, copper, zinc and lead sulphides, copper oxides, coal and chromite.
Bauxite Resources Chairman Barry Carbon said that the Company was delighted to welcome Mr Donaldson. \'BRL has an exciting journey towards mining bauxite from the Darling Range and refining alumina in the south west. The Company has new secure agreements with a respected partner in Yankuang Corporation. Scott\'s excellent record of achievement gives us confidence that he will provide strong leadership for our journey.\'
Mr Donaldson said he was excited about joining Bauxite Resources and its partner Yankuang Corporation. \'I am looking forward to working with staff, community, partners and many others in the long term development and projects of Bauxite Resources,\' he added.
About Bauxite Resources Limited:
Bauxite Resources Limited (ASX: BAU) was launched in May 2006 to establish itself in the bauxite and alumina industries in Western Australia where four of the seven Australian alumina refineries and four of Australia's bauxite mines are located. It listed successfully on the ASX on 22 October 2007 after closing its A$7.5 million IPO early and oversubscribed, having previously raised approximately $1.3 million in seed capital. In February 2009 the Company raised a further $4.7 million on the uptake of its options issue.
The Company is the only ASX-listed bauxite explorer in the highly prospective Darling Range, and is the largest tenement holder in the Darling Range with approximately 15,000 square kilometres of prospective bauxite laterite ground. To put this into context this area is larger than East Timor and almost the size of Beijing Municipality.
The Darling Range is the largest bauxite mining and alumina producing region in the world. This area supplies approximately 18% of the world's alumina and is home to Alcoa's Huntly Mine, the largest producing bauxite mine in the world and Pinjara Refinery the second largest alumina refinery in the world. The Darling Range has three of the top five refineries in the world in terms of lowest operating costs.
Contact:
INVESTORS
Paul Fromson
Chief Financial Officer / Company Secretary
Bauxite Resources Ltd
Tel: +61-8-9200-6300
Email: pfromson@bauxiteresources.com.au
MEDIA
Chantelle O\'Sullivan
Public Affairs Manager
Bauxite Resources Ltd
Tel: +61-8-9200-6309
Email: chantelle.osullivan@bauxiteresources.com.au