Toronto, ON, Canada - October 10, 2012, Toronto, ON, Canada - Pacific Coal Resources Ltd., a mining company, announces the appointment of Luigi Salemi Nieto as the chief operating officer and Ricardo Plata as the executive vice-president of the company, effective immediately.
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Mr. Salemi has more than 25 years of professional experience in open pit and large scale mining, and has achieved excellent results in the continuous improvement of production processes. He has been providing advisory and consulting services in respect of open coal mines in various departments in Colombia and has held senior managerial positions, including being the Mine Director for Operacion Minera Siglo XXI S.A. (OPM S.A.), a mine operator used by the Company. Mr. Salemi holds a civil engineering degree from the Universidad La Gran Colombia in Bogota, Colombia.
Mr. Plata has more than 20 years of corporate management experience in national and international trade, public affairs and information systems working with national and multinational corporations. He has held the position of Executive Director for Fundacion para el Desarrollo del Caribe Colombiano (FUNDESARROLLO), which provides support to the Colombian Chamber of Commerce by carrying out economic and social studies and monitoring of public policies.
Mr. Plata has also held several senior managerial positions at International Colombia Resources Corporation, which is the operator of the Cerrejon Coal Project. Mr. Plata holds a Computer and Systems Engineering Degree from the Universidad de los Andes in Bogota, Colombia and a Masters of Philosophy in Latin America Studies from Oxford University. He has also been a director on the board of directors for several organizations, including Transmetro, the public transportation system in Barranquilla, Colombia and the regional office of the Colombian Industrial Association.
Pacific Coal Resources Ltd announced that the Company's Chief Executive Officer, Luis Carvajales, has tendered his resignation, effective immediately.
Mr. Carvajales has more than 20 years of experience in the mining industry, holding management positions in marketing, sales, logistics and serving as legal counsel. Most recently, Mr. Carvajales was President and Legal Representative of Carbones Colombianos del Cerrejon S.A., the company responsible for mining the Caypa mine.
The duties of the Chief Executive Officer will be assumed by the Company's recently appointed Executive Chairman, Hernan Martinez.
Mr. Martinez has served as the Colombian Minister of Mines and Energy from July 2006 to August 2010 and has also served as President of International Colombia Resources Corporation, President of Atunec S.A., President and Chief Executive Officer of Exxon Mobil Colombia S.A., and Manager of Corporate Planning for Esso Colombiana S.A. ■