Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Southern Hemisphere Mining appoints Paul McRae to the board  Join our daily free Newsletter

MENAFN - ProactiveInvestors - Australia - 05/12/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - ProactiveInvestors - Australia) Southern Hemisphere Mining (ASX: SUH, TSX-V: SH) has added the experienced Paul McRae to the board as a non-executive director.

McRae is serving as nominee director for Lundin Mining Corporation (TSX: LUN, OMX: LUMI) where he currently holds the position of Senior Vice President, Projects.

Trevor Tennant, managing director for Southern Hemisphere, commented: "The Board is pleased to welcome Mr McRae as Lundin Mining's nominee director.

"His appointment is a demonstration of the strategic alliance between Southern Hemisphere and Lundin Mining. Mr McRae's significant experience in project management will add greatly to the Board and the progress of the Llahuin Copper/Gold Project."

McRae brings more than 35 years of international experience in engineering, construction and management roles in mining and other industrial projects. He has managed complex projects with capital exceeding 1 billion for both owners and contractors.


The Llahuin Copper/Gold Project

Southern Hemisphere is progressing its flagship Llahuin Project in Chile via a US35 million farm-in deal with the US3B capitalised Lundin Mining Corporation (TSX: LUN), with Southern Hemisphere also completing a US5 million share placement at a 47% premium to Lundin.

Importantly, the initial joint venture budget provides for an accelerated drilling campaign at Llahuin, where Lundin can earn a direct stake of up to 75% over a six-year period.

 






  MENA News Headlines


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help