Sydney, June 3, 2008 AEST (ABN Newswire) - Tamaya Resources Limited (ASX:TMR)(PINK:TMAYF) is pleased to update shareholders on two corporate developments within Iberian Resources Limited ("Iberian") in which Tamaya holds an 86.2% interest.
Board Changes within Iberian Resources Limited
Iberian Resources has appointed Mr Sean Murray as Independent Non-Executive Chairman of the company, effective Monday 2nd June 2008.
Mr Murray has been a Non-Executive Director of Iberian since November 2007, and brings extensive industry experience in general management, corporate strategy, minerals marketing and sustainable development to the Iberian board.
Over the past 40 years, Mr Murray has worked worldwide in the chemicals and mining industries, including non-ferrous metals and minerals and industrial minerals. His successful executive management career includes senior roles with Rio Tinto Zinc Corporation and Pasminco Inc, where he also served as Chairman, and Rio Tinto Borax where he became Managing Director of Borax Europe and then Deputy Chief Executive, Rio Tinto Borax in the 1990s.
Mr Murray has also served on the boards of Rio Tinto subsidiary companies including U.S. Borax (California), Borax Francais (Paris and Dunkirk) and Borax Argentina (Buenos Aires and Salta). He has also served as a Vice-President of the European Zinc Institute (The Hague), as an Industry Advisor to the UK government on non-ferrous metals and minerals, and as Vice-president of the Industrial Minerals Association, and as President of the European Borates Association.
Since 2004, Mr Murray has provided specialist consulting services to the industrial minerals sector in Europe and North and Central America. Mr Murray is fluent in a number of European languages and brings considerable experience to bear on the Company's activities and developments as to looks to develop its European portfolio of projects.
Other Board changes include
- Hugh Callaghan appointed as Managing Director and Chief Executive Officer of Iberian Resources
- William Lyne as Non Executive Director and Company Secretary. Mr Lyne is the principal of Australian Company Secretary Service, providing company secretarial, compliance and governance services to public companies, and brings to Iberian a wealth of experience in corporate governance principles and practice. He is also Company Secretary of Tamaya and a number of other ASX-listed mining companies and a TSX(V)-listed mining company; and, until recently, he was a director of the coal mining group Eastern Corporation Limited (ASX:ECU).
- Richard Palmer appointed as Non-Executive Director. Mr Palmer, who is also a Non Executive Director of Tamaya Resources, has over 20 years of commercial and operational experience in the domestic and international resources sectors. He is currently involved in equity portfolio management and maintains a number of related directorships in sectors including resources, mining services, horticulture and biotechnology. Recent past roles include Australia based corporate advisory and investment banking, CEO and Director of a Canadian listed coal company and VP of Business Development for the largest coal producer in the US.
- Michael Fischer and Nicholas Lindsay have retired from the Board BBY Limited appointed to advise the Iberian Resources Board
Following Tamaya's announcement at the Annual General Meeting last week that it expects Iberian to be self-sufficient in its future financing, the Board of Iberian Resources has appointed BBY Limited to advise the company with a specific mandate regarding structuring, development and financing options for the Armenian gold assets.
Contact
Hugh Callaghan
Chairman
Telephone: +61 2 9223 2088
Fax: +61 2 9223 3088
Media:
Fortbridge +612 9331 0655
Bill Kemmery 0400 122 449
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