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Former Australasian Resources And Rio Tinto Executive Joins The Gindalbie Team
Gindalbie Metals Limited (ASX: GBG – “Gindalbie”) is pleased to announce the appointment of experienced iron ore executive Mr Stephen Abbott as General Manager Business Development to assist in identifying and securing new project opportunities outside of its flagship Karara Iron Ore Project in Western Australia’s Mid West region. Mr Abbott spent the past two years in the position of General Manager at the Pilbara-focused iron ore company Australasian Resources Limited, which he joined following a lengthy and distinguished career at Rio Tinto and Western Mining Corporation. At Rio Tinto Iron Ore, he held the positions of Manager – Expansion Studies, heading up the Pre-Feasibility studies into a new +100Mtpa iron ore port estimated at over $4 billion, and Manager – Business Improvement. Prior to that, he held the positions of Manager – Strategy and Manager – Processing at Energy Resources of Australia. Before joining Rio Tinto, Mr Abbott held a number of positions at WMC’s world-class Olympic Dam Operation in South Australia between 1992 and 1998. He holds a Bachelor of Mechanical Engineering and Post Graduate Diploma in Extractive Metallurgy from Curtin University, as well as an MBA in Technology Management from La Trobe University. Gindalbie’s Managing Director, Mr Garret Dixon, said Mr Abbott was a high-calibre individual with extensive experience in the Australian and international iron ore industry who would help drive Gindalbie’s three-pronged growth strategy - the development and potential expansion of the Karara Project, the development of projects within Gindalbie’s 1900sqkm Mid West landholding but outside the Karara joint venture, and external project and corporate opportunities. “While our core focus remains on the very important task of delivering the Karara Project, we are also turning our attention to other opportunities outside of Karara and outside of our large Mid West tenement position,” Mr Dixon said. “Mr Abbott brings an outstanding depth of experience in the broader iron ore industry and his contact network and skills will be invaluable in identifying and securing new project opportunities with the potential to complement and add substantial value to Gindalbie in the years ahead. “The strong cash flows that Karara will generate will give us the financial strength and capability to acquire and develop other projects, both through our strategic alliance with Ansteel, and in our own right. The assets we will be targeting will primarily be in the carbon steel materials sector, namely iron ore, metallurgical coal, manganese, chromite and nickel.” |
