Tuesday, October 23rd, 2007
Marengo Mining Limited is pleased to announce three senior executive appointments as it continues to build its operational, geological and senior management team for the Definitive Feasibility Study (â€œDFSâ€) on its 100%-owned Yandera Copper-Molybdenum Project in Papua New Guinea.
The new appointments further increase the depth of expertise within the Company as it progresses towards development of the Yandera Project.
Grant Calderwood has been appointed to the role of Operations Manager. Mr Calderwood has extensive experience in feasibility study, mining development and operations within Australia, Africa, Asia, Central America and Papua New Guinea (â€œPNGâ€).
He also has significant experience in project analysis, business and technical improvement practice.
Until recently Mr Calderwood was Project Manager for the expansion study at the Porgera Joint Venture operation in PNG. He holds a degree in Engineering from Curtin University of Technology in Western Australia.
Andrew Meloncelli has been appointed to the role of Manager â€“ Finance & Treasury. Mr Meloncelli has extensive experience working for public companies listed on both the ASX and AIM in the areas of corporate compliance, finance, prospectus fundraisings, taxation and as Assistant Company Secretary for an ASX 200 company.
He holds a Commerce Degree from the University of Western Australia and is an Associate Member of the Institute of Chartered Accountants in Australia and Chartered Secretaries Australia, and a Fellow of the Financial Services Institute of Australasia.
Malcolm Roberts has been appointed to the role of Principal Geologist. Dr Roberts gained a PhD at Manchester University in the UK, specialising in the petrogenesis of granitoid magmas, after completing his first degree in Geology at the University of Wales in Cardiff. He completed three years of post-doctorate studies at Salzburg University, Austria and subsequently lectured at Rhodes University in South Africa.
In 2003, Dr Roberts joined the Council for Geoscience to take up a role as senior geologist based in the Eastern Cape Province, South Africa where he was heavily involved in regional mapping in Mozambique. In early 2006, Dr Roberts joined the Mining Sector Support Program’s Geomap Project in Papua New Guinea, as the representative of the Council for Geoscience, to provide expert support to a European Union-funded capacity development scheme for Papua New Guinea.
His work on this project has involved geological mapping and mineral reconnaissance studies as well as petrological, geochemical support and training of young Papua New Guinean geologists.
Commenting on the new appointments, Marengo Miningâ€™s Managing Director, Mr Les Emery, said: â€œWe are pleased to welcome these highly skilled and qualified professionals to the Marengo Mining team. Their experience will be of immense benefit to the Company as we progress towards our goal of developing the Yandera Project as an important, long-term source of metals for world markets.â€
The new appointments follow the recent announcement that Marengo had awarded the contract for the Yandera Definitive Feasibility Study to an alliance of leading Australian-based resource engineering and construction group, GRD Minproc Limited and URS Australia Pty Ltd, the Australian arm of international engineering and environmental group, URS Corporation.
The Yandera DFS is scheduled for completion by mid-2009.