Bauxite Resources Limited - Appointment of CEO

10:03 AEST Feb 11, 2013 ABN Newswire (C) 2004-2013 Asia Business News PL. All Rights Reserved.

Perth, Australia (ABN Newswire) - Bauxite Resources Limited (ASX:BAU) is pleased to announce the appointment of Mr Peter Canterbury as its new Chief Executive Officer (CEO) and Executive Director.

Mr Canterbury joins Bauxite Resources from Sundance Resources Ltd., where he has been the CFO for the past six years. He played a critical role in rebuilding Sundance as acting CEO following the tragic plane crash in June 2010 which claimed the lives of the CEO and the entire Board.

Mr Canterbury is a highly regarded senior mining executive who brings to the role significant knowledge of the bulk commodity industry, particularly in bauxite and alumina.

Between 2001 and 2007, Mr Canterbury was the Chief Financial Officer (CFO) of Dadco Europe which owns the Stade Alumina refinery in Germany and a share in the CBG bauxite mine in Guinea. During this time there he was responsible for finance, commerce and logistics. Earlier in his career he held several senior positions with Alcoa World Alumina in the finance, marketing and projects areas in Australia and overseas.

Mr Barry Carbon, Chairman of Bauxite Resources, said Mr Canterbury was ideal to lead Bauxite Resources through the next significant stage of its development which is centred on commercialisation of exploration tenements and development of two Joint Venture projects.

'Mr Canterbury has finance, commercial and marketing experience in the alumina and bauxite industry, in addition to the well recognised work he did with Sundance Resources. I am confident that he has the right qualities to take Bauxite Resources through its next phase of growth.

'Mr Canterbury's leadership was demonstrated with Sundance both for his role in rebuilding that company and also with negotiating a benchmark Mining Convention in Cameroon.'

Mr Canterbury will commence in May, and is excited to join Bauxite Resources.

'I have followed Bauxite Resources for several years and believe it has a great board and strategy in place to develop its significant land holdings. I'm looking forward to the new opportunities this role presents.

I share a sense of achievement with my colleagues at Sundance for what we have accomplished, and I believe that I will leave them when that company is in good shape'

Mr Canterbury is married with one daughter and holds a Bachelor of Business (Accounting).


About Bauxite Resources Limited:

Bauxite Resources Limited (ASX:BAU) was established in May 2006 to become a part of 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. The Company listed on the Australian Securities Exchange (ASX) in October 2007.

Bauxite Resources is the largest tenement holder in the Darling Range with approximately 24,000 km2 of ground. This area in south-west Western Australia is acknowledged as the largest producing alumina region in the world supplying approximately 23% of global production.



Contact:

Bauxite Resources Limited
T: +61-8-9200-8200
F: +61-8-9200-8299
WWW: www.bauxiteresources.com.au