Coalspur Further Strengthens Management Team
PERTH, Western Australia, Aug. 3, 2011 /CNW/ --
PERTH, Western Australia, Aug. 3, 2011 /CNW/ - Coalspur Mines Limited ('Coalspur' or 'Company') (ASX: CPL) (TSX: CPT) is pleased to announce that it has further strengthened its management
team with the appointment of Mr Wayne Drier who will join the Company
as Vice President, Commercial.
Mr Drier has over 15 years experience in business development,
commercial and corporate finance roles within major mining companies
and investment banks. Prior to joining Coalspur, Mr Drier was the
Commercial Executive for Mantra Resources Limited, a TSX/ASX listed
uranium exploration company, where he oversaw the recent sale of the
company to JSC Atomredmetzoloto for an all-cash consideration of A$1.02
Billion. While in this position Mr Drier was also responsible for
negotiating off-take arrangements and managing a number of the
commercial aspects of the bankable feasibility study on the company's
uranium project.
Prior to Mantra Resources, Mr Drier held senior management positions at
Norilsk Nickel International and BHP Billiton. Whist at BHP Billiton he
held the position of Vice President, Commercial for its energy coal
operations in South Africa. In this role Mr Drier was responsible for
the commercial, rail and port relationships and represented BHP
Billiton on the Board of the Richards Bay Coal Terminal, one of the
largest export coal facilities in the world.
As Vice President, Commercial Mr Drier will be responsible for corporate
finance and the business development activities of the Company,
including structuring of the project finance required for the
development of the Vista Coal Project ('Vista'). Mr Drier will be based out of the Calgary office.
The Company's Managing Director and CEO, Mr Gene Wusaty, said 'Wayne's
addition to the Coalspur management team is crucial given Vista's stage
of development and as we progress to complete the Bankable Feasibility
Study by year end. His experience will be invaluable as Coalspur moves
to secure project financing and product off-take agreements to bring
Vista into production.'
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Gene Wusaty
Managing Director and CEO
Telephone: 1 403 975 7901