Cardero Announces Appointment of Angus Christie to Chief Operating Officer Position
Cardero Resource Corp. (TSX: CDU, NYSE-A: CDY) announces the appointment of Angus Christie as Chief Operating Officer (“COO”) of the Company effective June 1, 2012. Mr. Christie is a highly respected senior executive with over 25 years international experience in coal mining operations, resource and reserve management, mine development and exploration and strategic planning.
In his career, Angus has been involved in several projects from exploration and feasibility through to mine commissioning. His operational experience has been focused on both underground and surface operations extending from deposits which are structurally complex to the more benign geological formations found at the Company's Carbon Creek asset. This includes five underground and open pit mines in South Africa and the 32 million tonne per annum Cerrejon open pit mine in Colombia where he played an integral role in improving coal recoveries, illustrating the very real operational value that Angus has brought to coal mines throughout his career.
As the COO of Cardero, Angus’s immediate responsibilities will be to work with senior management and regional stakeholders to advance the Company's Carbon Creek Project from the Preliminary Economic Assessment stage through to the completion of a Feasibility Study with the objective of submitting a Mine Permit Application in 2013.
His previous experience with multi-seam, metallurgical coal deposits will be of significant benefit at Carbon Creek where the Company anticipates mining and blending several seams to ensure product optimization.
On his appointment, Mr. Christie stated, “I believe that Carbon Creek deposit is a valuable metallurgical coal asset that is proving itself to be one of the largest contiguous deposits in the Peace River region. I am looking forward to developing this unique deposit so that we can realize its significant potential”.
Company President & CEO, Michael Hunter, remarked, “I believe Mr. Christie's operational experience compliments a skilled and dedicated team that is motivated to unlock the value of the Carbon Creek asset and delivering that profitability to our shareholders”.
Mr. Christie most recently employed as Manager Strategy and Resources for Anglo Coal (Peace River Coal). In this capacity, Angus was part of the senior management committee responsible for the exploration program management, coal resource and reserve management, project management, growth strategy and joint venture project management.
Mr. Christie’s holds a Bachelor of Science (Honours), a Master of Science and a Doctorate from the University of Natal, and a Diploma in Mining Engineering from the University of Witwatersrand, South Africa.
Mr. Christie has been granted 300,000 options exercisable at a price of CAD 1.16 for a period of two years.
Posted May 1, 2012