People: Morumbi Resources Inc (MOC.V)
20 Dec 2013
Mr. Lindsay Semple has been appointed as Chief Operating Officer of Morumbi Resources Inc., effective March 1, 2013. Mr. Semple, a founder of Rockwell Exploration SA, which was acquired by Morumbi in March, 2011, has unique insight and experience in resource acquisition in Papua New Guinea (PNG) and the autonomous Island of Bougainville in particular. Mr. Semple has been involved intensively in PNG since 1995, and learned early that a fundamental understanding of the Melanesian culture is a necessary prerequisite to success in PNG. Mr. Semple followed the emergence of Bougainville as a resource powerhouse in the 1970s, through the development of the Panguna mine and the subsequent events that led to its closure, civil war and plant destruction in the late 1980s and early 1990s. Morumbi is pleased to have Mr. Semple assume the role of CEO in order to further develop the company's interests in PNG and its emerging mineral opportunity base on the autonomous Island of Bougainville. Mr. Semple graduated with an MA in international economics from University of British Columbia. After graduation, Mr. Semple focused on commodity research and international monetary issues, and lectured in economics at the university and college level. In 1983, Mr. Semple became a foundation director and investor in Breakwater Resources, the co-developer of the Don Cannon mine in Washington state. In 1985, Mr. Semple co-founded Grandview Resources, a junior mining company that put the first heap-leach gold mine into operation in Calaveras county in the California Sierra Nevada mountains. Grandview was later sold to Western Mining Corp. (WMC) of Australia, at which time Mr. Semple became a director of WMC's Canadian operations. In 1992, Mr. Semple became a director of Minera Rayrock, a junior mining company that financed, built and operated the high-grade underground Ivan/Zar copper mine in northern Chile.
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