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New World Resources appoints Miklos Salamon as Executive Chairman

Thursday, July 19th, 2007

New World Resources B.V. (NWR), a coal and coke holding company that is the sole shareholder in OKD a.s., the Czech Republic’s largest hard coal mining company, has announced the appointment of Miklos (Mike) Salamon as the Executive Chairman of the Board of Directors of NWR, effective as of September 1st 2007.
Mike Salamon has extensive knowledge of the international mining and extractive industries. His career spans more than 30 years, the latter part of which was spent with BHP Billiton, the world’s largest diversified resources company.
As a founding Executive Director of Billiton plc he was one of four executives who undertook Billiton’s Initial Public Offering on the London Stock Exchange in 1997. In 2001 Billiton merged with BHP and became BHP Billiton; Mr Salamon undertook the merger integration planning on behalf of Billiton and then led the actual integration as President Minerals of BHP Billiton.
‘’We are very pleased to welcome Mike to NWR,’’ said Zdenek Bakala, a member of the Board of Directors of NWR. “His exceptional international experience, both in mining and in business generally, adds tremendous value to NWR.”
In undertaking his role as Executive Chairman, Mr Salamon will not be working with NWR on a full-time basis and will have certain business commitments other than with NWR. Mr Salamon began his career in 1975 in South Africa. He worked in underground and opencast mining for De Beers and then the Gold Division of Anglo-American. In 1981 he joined Shell’s Coal Division and worked in project and commercial roles. He joined the Gencor Group in 1985, initially as a marketing manager for coal. In 1989 he was appointed Managing Director of Gencor’s coal business, Trans-Natal Coal Corporation. In 1993 he became Executive Chairman of Samancor Ltd (the world’s largest producer of Manganese and Chrome ores and alloys), Chairman of Columbus Stainless Steel as well as being appointed an Executive Director of Gencor.
He then became a founding Executive Director of Billiton plc and was one of the four executives who undertook Billiton’s IPO on the London Stock Exchange in 1997. His line responsibilities at Billiton encompassed the nickel, chrome, manganese, stainless steel and titanium minerals businesses. Following the 2001 Billiton merger with BHP, to become BHP Billiton, Mr Salamon undertook the merger integration planning and then led the integration. In 2003 he was appointed an Executive Director of BHP Billiton plc and Limited, and became Group President Non-Ferrous with line responsibility for the aluminium, copper and nickel businesses – which also encompassed the assets acquired with WMC, the then second largest Australian mining company. Simultaneously Mr Salamon chaired BHP Billiton’s Operating Committee which was tasked with oversight of the group’s health, safety, environment and community affairs, capital project services, purchasing and operating excellence. He rounded off his time at BHP Billiton in 2006 as Executive President, responsible for the group’s marketing, business development, technology and exploration. He retired at the AGM in October 2006.

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