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MENAFN - ProactiveInvestors - Australia - 17/11/2012

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International Coal appoints former BHP executive to board
(MENAFN - ProactiveInvestors - Australia) International Coal (ASX: ICX) has appointed Noel Halgreen, who has more than 30 years experience in the coal business and has worked for BHP Billiton (ASX: BHP) for many years, as a non-executive director.

Halgreen's former appointments with mining giant BHP include Vice President Business Development- BHP Billiton Coal, Executive Director Business Development-Billiton Coal, Executive Director-Trans Natal Coal Corporation, and Chief Operating Officer-Sasol Coal.

He is currently non-executive chairman of Bligh Resources (ASX: BGH) and an executive director of Summit Equities.

Halgreen, a qualified mining engineer, has experience in hands on mine management, high level executive management of a coal mining company and extensive business development.

He brings a strong record of achievement on major coal resource project developments, mergers, acquisitions and commercial negotiations across the Australian and International Coal resources industry.

Meanwhile, David Round will step down from the board but will continue his executive functions with International Coal, including his role as Chief Financial Officer and Company Secretary.

Round has been instrumental in managing the company's exploration programs to date and also managed the negotiation of and concluded the company's agreements with it joint venture partners.

Earlier this month, International Coal revealed a solid start to a drilling program at the Bundaberg project being undertaken with a Hancock Prospecting Pty Ltd subsidiary.

Results from one hole contained cumulative coal thickness of around 5.5 to 6.5 metres from drilling to 300 metres with seam intersections of 1 to 3 metres encountered.

International Coal and Hancock Prospecting have encountered significantly thicker seams than many other explorers in the area.

 






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