Coalspur: Appointment of Denis Turcotte as Canadian Based Director
Thursday, 30 December 2010 06:23
Coalspur Mines Limited (ASX:CPL, TSX: CPT) announced the appointment of Mr. Denis Turcotte as an independent non-executive Director of the Company, effective immediately. Mr. Turcotte is a highly regarded Canadian based corporate executive, and in 2006 was recognised as Canadian Business Magazine's Top CEO.
Mr. Turcotte is a Professional Engineer with over 25 years experience and was previously the President and CEO of Algoma Steel Inc. an integrated steel producer based in Sault Ste. Marie, Ontario. Mr Turcotte oversaw the successful recapitalisation and rapid growth of Algoma which was subsequently acquired for C$1.85 billion in cash by Essar Global Limited in 2007. Mr. Turcotte is currently President and CEO of a private business consulting and investing firm. He is also a director of Domtar Corp. and a member of the Advisory Board of the Brookfield Special Situations Funds.
Mr. Turcotte is highly regarded by the North American investment community and brings to the Board his extensive experience as a senior executive of TSX listed and commodity based companies. Mr. Turcotte will immediately join the Company’s Audit Committee.
The Board is delighted to welcome Mr. Turcotte to the Board and believe that his appointment is an important step for the Company as it strives to develop a major new thermal export coal mine to meet growing energy demands worldwide. Coalspur has recently completed a Pre-Feasibility Study on its Vista Coal Project in Alberta, Canada.
