Mawson West Announces the Appointment of Bruce McFadzean as CEO
PERTH, AUSTRALIA and TORONTO, ONTARIO -- (Marketwire) -- 09/18/12 -- Mawson West Limited (TSX: MWE) ("Mawson West" or the "Company") today announces the appointment of Bruce McFadzean as the new Chief Executive Officer and Managing Director of the Company, effective as of October 7, 2012.
Mr. McFadzean, a mining engineer, brings to the Company more than 30 years of management, mining and processing experience. Mr. McFadzean, Dip. Mining, FAusIMM, more recently served as Managing Director of Evolution Mining Limited (ASX: EVN) (formerly Catalpa Resources Limited (ASX: CAH)) from 2008 until early 2012. Under his management he grew the company from a Market Cap of A$10M to A$1.2Bn.
Commenting on Mr. McFadzean's appointment, Mawson West Chairman Anthony Lloyd stated, "Mr. McFadzean has the right mix of experience and skills to further progress the Company's strategy of project delivery in the near term whilst driving development, growth and shareholder return in the medium and long term."
Mr. McFadzean's experience includes 15 years with BHP Billiton and Rio Tinto including building and operating the Kelian Gold Mine in Indonesia. He has broad technical, operating and corporate experience in commodities including gold, silver, nickel, diamonds and iron ore and he has managed the construction of a number of successful mines in Australia and Indonesia.
With the appointment of Mr. McFadzean as Chief Executive Officer, Mr. Stowell will step down from the role of Acting President and Chief Executive Officer of the Company, effective as of October 7, 2012 and will remain a Director of the company. The Board would like to thank Mr. Stowell for acting in the CEO role and guiding the company through to the appointment of Mr. McFadzean.
About Mawson West Limited
Mawson West is a copper and silver mining company listed on the Toronto Stock Exchange. Mawson West's operations are in Africa, in the South Eastern part of the Democratic Republic of Congo (DRC).
The Company has two key projects, the Dikulushi Copper-Silver Mine, and the Kapulo Copper Mine which is presently under construction. Multiple exploration targets are being explored within the company's 7,300km sq landholding.
Mawson West is also investigating other opportunities in the DRC and elsewhere which have the capacity to increase the Company's production in copper and other metals.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this press release.
Contacts:
Mawson West Limited
Mark Stowell
Acting President and Chief Executive Officer
+61 8 9321-9669
+61 8 9481-2394 (FAX)
merchant1@iinet.net.au
Mawson West Limited
Anthony Lloyd
Chairman
+1 647 233 7999
aplloyd@earthlink.net
