Apoquindo Minerals Inc. Announces Bruce Turner, Ex President of Escondida Mine as New President and CEO
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VANCOUVER, BRITISH COLUMBIA, Aug 05 (MARKET WIRE) --
Highlights
- Bruce Turner, former President of BHP Billiton's Escondida Copper Mine
announced as new President & CEO of Apoquindo Minerals Inc.
- Alvaro Fernandez Baca, announced as GM for Peruvian subsidiary Minera
KoriTambo SAC
- Reorganization of Senior Management
Apoquindo Minerals Inc. ("Apoquindo" or the "Company") (TSX VENTURE:
AQM)(BVLAC: AQM) is pleased to announce that Bruce Turner, Mining
Engineer and former President of BHP Billiton's Escondida copper mine in
northern Chile, has been appointed the new President and CEO of Apoquindo
Minerals Inc., effective August 1, 2009.
Mr. Turner, 59, is a Canadian citizen and a 23 year resident of Chile.
During the majority of his 35 year mining career, he was employed in
progressively more senior roles by BHP Billiton Limited, a large global
mining and energy company, culminating in the position of President of
Minera Escondida Ltda., the world's largest copper mine. He is fluent in
English and Spanish. Mr. Turner holds a Bachelor of Applied Science
degree in Mining Engineering (1974) from the University of British
Columbia and a Doctor of Technology (Honorary Degree) from the British
Columbia Institute of Technology. He has also completed the Advanced
Management Course at Harvard Graduate School of Business Administration.
"With the appointment of Bruce Turner as President and CEO, Apoquindo
Minerals has rounded out an experienced management team and board,
specialized in copper, that will be able to shepherd its copper projects
in Chile and Peru through the exploration and development stages," stated
Jozsef Ambrus, PhD Economic Geologist with over 40 years of experience in
copper and a board member of Apoquindo Minerals and of Antofagasta Plc.
"Furthermore, Apoquindo is pleased to announce that Alvaro Fernandez Baca
has been appointed General Manager of its wholly owned Peruvian
subsidiary, Minera Koritambo. Mr. Fernandez Baca, is a Peruvian and holds
a Bachelor of Science in Geology (1996) from the University of Edinburgh,
Scotland. He has 13 years of experience in exploration in Peru, and was
formerly the General Manager for Gitennes Exploration, Inc., and also
headed up the exploration program for EntrA-A?1/2e Gold Inc.'s Shivo
Tolgoy project in Mongolia.
Following these new appointments, the company has undergone a
reorganization of its senior management. Cesar Lopez, LL.M., has been
appointed Vice President of Legal, Business Development and Corporate
Affairs; Juan Villarzu, will continue as Chairman of Apoquindo Minerals;
Stephanie Ashton will assume the responsibilities of Chief Financial
Officer, Bruno Behn has been appointed Vice President of Mining - Chile,
and Winnie Wong has been appointed Corporate Secretary."
Cesar Lopez stated, "It has been my goal, and the goal of Apoquindo's
board, to acquire attractive copper assets that we know can be developed
to increase shareholder value, and to make sure the right team is in
place to execute the work programs. Bruce Turner brings a wealth of
operating, technical and management experience from over 35 years of
development and production experience in the mining industry. Alvaro
Fernandez Baca is a qualified, talented mining professional that will be
a great asset to the team in the execution of our work in Peru. The
reorganization of senior management will reinforce the company's ability
to forge ahead with its current assets while continuing to assess key
opportunities to add value for shareholders. I thank Apoquindo's board,
management, employees and consultants for what we have achieved thus far,
and look forward to what we will achieve together in the coming months."
The Company has also issued stock options to its employees and
consultants for a total of 350,000 options to acquire common shares of
the Company for a period of five years, exercisable at $0.65, subject to
certain vesting provisions and the terms of the Company's Stock Option
Plan.
ABOUT APOQUINDO: The Company is a Canadian based mineral exploration
company whose principal purpose is the acquisition and development of
base and precious metal deposits in South America. The Company has two
projects in Peru through its wholly owned Peruvian subsidiary, Minera
Koritambo SAC: the Zafranal Copper-Gold Porphyry Project (recently
optioned from Teck Resources Limited), located in the Paleocene Southern
Peru Cu-Porphyry Belt, in the department of Arequipa, Peru and the
Pachagon Porphyry Copper Project, located in the department of La
Libertad, Peru. In Chile, the Company has a joint venture, Antakena
Mining, with Minera S.A. to advance the Apoquindo Copper Oxide Project
comprised of highly prospective leachable copper deposits under option
located in a historic mining district in the Antofagasta Region's Coastal
Range. Please refer to www.apoquindominerals.com for further information
regarding the Company and its projects.
Management and directors have extensive experience working for the
world's largest mining companies as well as several junior exploration
companies. Apoquindo Minerals has offices in Santiago, Chile, Lima, Peru
and Vancouver, Canada and will continue to expand its business using its
effective team of experts in Exploration, Geology, Metallurgy, Mine
Engineering, Law and Finance. Apoquindo is well positioned for success.
Our Projects are uniquely valuable, and our knowledgeable management and
directors provide a "pipeline" of growth opportunities.
Neither the
TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Contacts:
Apoquindo Minerals Inc.
Stephanie Ashton
Chief Financial Officer
+562-231-5780
+562-321-9070 (FAX)
info@apoquindominerals.com
www.apoquindominerals.com
Kin Communications Inc.
Arlen Hansen
604-684-6730 or Toll Free: 1-866-684-6730
604-684-6740 (FAX)
ir@kincommunications.com
Copyright 2009, Market Wire, All rights reserved.
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