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Murchison Metals (ASX:MMX) Welcomes Appointment of Senior Executives to Oakajee Port and Rail Management Team
Tuesday June 30, 03:22 PM
Perth, Australia, June 30, 2009 - (ABN Newswire) - Murchison Metals Limited (ASX:MMX)(PINK:MUMTF) welcomes the appointment of two senior industry executives to the management team of its 50% owned infrastructure business Oakajee Port & Rail (OPR). Jim Netterfield and Alwyn Vorster have been appointed by OPR as Operations Director and Director - Supply Chain respectively.
Murchison Executive Chairman Paul Kopejtka said the appointments represented a major boost for the mid-west iron ore industry and would drive the delivery of an efficient bulk commodity supply chain for miners in the region.
"Both new OPR executives have direct experience working with major iron ore companies such as BHP Billiton Iron Ore and Rio Tinto," said Mr Kopejtka.
"Their combined experience includes direct responsibility for ensuring optimal throughput across large scale infrastructure services, managing port and rail operations, negotiating favourable commercial outcomes for miners and marketing iron ore in the Asian region.
"Murchison believes the appointments will add great strength to OPR's management team as this highly strategic and nationally significant infrastructure project moves towards development."
A full media statement issued by OPR is available for download:
Link: http://www.abnnewswire.net/media/en/docs/60975-ASX-MMX-451307.pdf
About Murchison Metals Limited:
Murchison is an Australian ASX-listed company and is included in the S&P/ASX 200 Index.
Murchison is a 50% shareholder in Crosslands Resources Ltd ("Crosslands") which is the owner of the Jack Hills iron ore project located in the mid-west region of Western Australia. The remaining 50% of Crosslands is held by Mitsubishi Development Pty Ltd ("Mitsubishi"), a subsidiary of Mitsubishi Corporation, Japan's largest general trading company.
The Stage 1 Jack Hills project is currently producing up to 1.8 Mt of high grade iron ore per annum. Feasibility studies for a major Stage 2 expansion are well advanced.
In addition, Murchison has a 50% economic interest in independent infrastructure business, Oakajee Port and Rail (OPR). The remaining 50% economic interest in OPR is held by Mitsubishi. OPR's integrated port and rail development proposal will provide world class logistics services to miners (including Crosslands) and other potential customers in the mid-west region of WA.
In addition to its investments in Crosslands and OPR, Murchison is actively exploring growth opportunities in iron ore, coal and manganese in accordance with its approved corporate strategy.
Source:
Murchison Metals Limited
Copyright (C) 2009 ABN Newswire. All rights reserved.
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