BRL 0.00% 1.6¢ bathurst resources limited

Ann: OFFICE: BRL: Resignation of MD & CEO/Appointment of new CEO

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    • Release Date: 24/03/15 08:30
    • Summary: OFFICE: BRL: Resignation of MD & CEO/Appointment of new CEO
    • Price Sensitive: No
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    					BRL
    24/03/2015 08:30
    OFFICE
    PRICE SENSITIVE
    REL: 0830 HRS Bathurst Resources Limited
    
    OFFICE: BRL: Resignation of MD & CEO/Appointment of new CEO
    
    RESIGNATION OF MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER
    AND APPOINTMENT OF NEW CHIEF EXECUTIVE OFFICER
    
    Bathurst Resources Limited ("Bathurst" or 'the Company" ASX & NZX: BRL)
    announces that Hamish Bohannan has today given notice of his resignation as
    Managing Director and Chief Executive Officer.
    
    As previously reported, Bathurst's ongoing business efficiency review has
    resulted in operational restructuring throughout the Company's sites over the
    past year. In line with this process, and with the full scale development of
    the flagship Escarpment mine project being put on hold, Mr Bohannan has now
    decided to seek a fresh challenge.
    
    Mr Bohannan joined Bathurst in 2008 and played a critical role building and
    implementing the strategic growth of the company in New Zealand.
    
    Chairman, Malcolm Macpherson said "the Board would like to acknowledge the
    contributions that Hamish has made, both in establishing Bathurst as a
    significant domestic coal producer and, in particular, working through the
    consenting process for the Escarpment project."
    
    Appointment of Richard Tacon as Chief Executive Officer
    
    Bathurst is pleased to announce the appointment of Richard Tacon as Chief
    Executive Officer. Mr Tacon joined the Company in 2012 as Chief Operating
    Officer. With over 30 years industry experience, he has played an integral
    role in reviewing productivity and efficiencies across the operations to more
    closely align the Company's capabilities with current market conditions and
    to ensure Bathurst is well positioned for a recovery when global coal prices
    improve.
    
    Richard was born in New Zealand then spent 30 years working in Australia
    before returning to take up the position with Bathurst. Since starting his
    career in the 1970s, he has worked in almost every role in the coal mining
    industry.
    His first job in the industry was at Greymouth's Liverpool State Mine, owned
    by the New Zealand Government. He went on to hold several management roles in
    mines in Australia, and has held senior leadership roles for the past decade.
    
    Richard holds first, second and third class coal mining qualifications and
    studied at the Otago School of Mining. He has also spent nearly 15 years in
    NSW mines rescue crews, making him familiar with the principles and practices
    of mine safety, and has recently completed New Zealand Mine Incident
    Controller training.
    
    Richard is an ex-secretary for the Australian Mine Managers' Association. He
    is currently director of New Zealand's Mines Rescue Trust Board.
    
     "We welcome Richard to the position of the CEO to lead Bathurst through the
    company's next phase of development. His key role will be to grow the
    domestic business whilst preserving shareholder value in the Buller coking
    coal project during this period of low commodity pricing." said Mr
    Macpherson.
    
    Details of Mr Tacon's terms of employment are yet to be finalised at which
    time they will be released to the market.
    End CA:00262177 For:BRL    Type:OFFICE     Time:2015-03-24 08:30:05
    				
 
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