Appointment of Chief Executive Officer (7856C)
11 Marzo 2011 - 10:34AM
UK Regulatory
TIDMBKY
RNS Number : 7856C
Berkeley Resources Limited
11 March 2011
11 March 2011
BERKELEY RESOURCES LIMITED
Mr Brendan James appointed Managing Director
The Board of Berkeley Resources Limited (the Company) is pleased
to advise that it has engaged Mr Brendan James to become Managing
Director and Chief Executive Officer of the Company from 30 May,
2011. Mr James is highly qualified to lead Berkeley through the
optimisation, financing, development and commissioning of the
Salamanca Uranium Project, and to advance Berkeley's strong organic
growth opportunities. He will be based in Salamanca, Spain.
Mr James is a metallurgical engineer, with an exceptional
background in developing, commissioning and optimising a number of
large uranium, copper and gold operations. His technical background
includes outstanding senior management experience in uranium mining
and processing, project management, re-designing and commissioning
previously decommissioned brown-fields operations, biological heap
leaching and hydrometallurgy. His industry experience has been
strongly complemented with a thorough grounding in financial
markets, on both the buy and sell sides.
Successful completion of Berkeley's pilot plant operation by
about the end of the third quarter of 2011, final optimisation, and
the anticipated progression through financing, development,
commissioning and production, all require strong technical
leadership with uranium production experience. During this
challenging period it is also imperative that the requirements of
shareholders and the financial markets are fully addressed.
With the appointment of Mr James, the Board is confident that we
have the balance of skills, experience and leadership qualities to
successfully lead the Company into the ranks of uranium producers
and advance its strong organic growth opportunities. His commitment
confirms that potential.
EMPLOYMENT HISTORY:
Mr James joins Berkeley Resources after being a Partner at
Perennial Growth Management, one of Melbourne's leading fund
managers, where he has been engaged for the last two years. He was
previously a senior sell-side resources analyst at JPMorgan and
Deutsche Bank.
Before entering the finance industry, Mr James led Rio Tinto's
uranium optimisation and strategy group, working on both the Ranger
uranium mine in Australia, and the Rossing uranium mine in Namibia,
whilst managing Rio Tinto's OTX global hydrometallurgy group. Prior
to this, he headed WMC's
(Western Mining Corporation's) Copper, Uranium and Gold
technical groups, following significant operational and management
experience at the Olympic Dam operation. Mr James led WMC's
technical team through the sale process, culminating in the
eventual A$ 9.2Bn takeover by BHP.
During the 1990's, Mr James was one of the small group of
process engineers from Straits Resources that were the first to
develop, operate, and optimise aerated bacterial heap-leaching at
Girilambone Copper Company. Following this, Mr James moved to
Glencore, redesigning and commissioning the previously
decommissioned CSA copper mine ahead of schedule and under
budget.
REMUNERATION
Mr James will receive a base salary of A$ 300,000, plus 9%
superannuation contributions. Bonuses will be paid at the
discretion of the Board, based on performance against a number of
key performance indicators. Subject to shareholder approval, Mr
James will also be granted 2,000,000 options to acquire new shares
at A$ 1.70 each. These options will not vest until the third
anniversary of his appointment.
Enquiries - Acting Managing Director: Henry Horne Tel: +34 673
497 712 Chairman: Dr. Jim Ross Tel: +61 8 9284 9294
RBC Capital Markets: Martin Eales Tel: +44 20 7029 7881
A full version of this announcement including images can be
downloaded from Berkeley's website at
www.berkeleyresources.com.au.
Further information on Brendan James as required by Rule 17 and
Schedule 2(g) of the AIM Rules for Companies:
Brendan James, aged 36
Present directorships and/or partnerships:
None
Former directorships and/or partnerships (within the last five
years):
None
No further disclosures are required under Schedule 2(g) of the
AIM Rules for Companies.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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