Australia Minerals and Mining Group Limited (ASX: AKA) (AMMG/the Company) is pleased to announce the appointment of Mr Iggy Tan as managing director effective 25 August 2014.
Prior to that he was managing director of Galaxy Resources Limited (ASX: GXY) between 2008 and 2013.
At Galaxy Mr Tan was responsible for the capital raising, construction and start-up of the company's Mt Cattlin spodumene mine ($80m) and the Jiangsu lithium carbonate plant ($100m), which resulted in Galaxy becoming the world’s leading producer of high grade lithium carbonate. Iggy also oversaw the corporate takeover and acquisition of Canadian company, Lithium One.
Upon being appointed AMMG’s managing director, Mr Tan said "I am excited to join AMMG and look forward to driving the development of the HPA project, which represents potentially significant value to AMMG’s shareholders".
Fixed remuneration is $390,000 per annum, which will be reviewed annually
AKA Price at posting:
8.6¢ Sentiment: None Disclosure: Held
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