MON 0.00% 29.5¢ monarch gold mining company limited

full steam ahead

  1. 392 Posts.

    By Blake Wilshaw
    FORMER Kambalda nickel mines
    and Beaconsfield gold mine
    manager Matthew Gill will return
    to WA as managing director of
    Monarch Gold.
    In upcoming months, Mr Gill will
    replace Allan Quadrio, who was
    appointed managing director of
    Territory Resources.
    Mr Quadrio oversaw the progression
    of Monarch from a fledgling explorer
    to producer.
    He announced his move to Territory
    one week after Monarch's maiden gold
    bar was poured from the Davyhurst
    processing plant, 120km north-west of
    Kalgoorlie.
    Mr Gill will now see the company
    through the next phase of its
    ambitious strategy; to produce
    500,000oz per annum by December
    2009.
    "I think it's an exciting task. It's
    refreshing and exciting to have that
    sort of a target in front of you," Mr
    Gill said.
    "The exploration potential is terrific
    and there's a commitment behind it
    ($11 million). There's not much point
    having land if you're not going to do
    anything with it. There'll be hard yards
    and commitment but I think the
    ingredients are there to bring that to
    fruition."
    Mining engineer Mr Gill worked for
    Western Mining in 1994 and 1995.
    "I was at Kambalda as area manager
    looking after four of the nickel mines
    there - Otter Juan, Mariners,
    Lanfranchi, Wannaway - and I
    actually did the feasibility study for
    Miitel," he said.
    Otter Juan, Mariners, Wannaway
    and Miitel are now owned by Mincor
    Resources and Lanfranchi is a 75-25
    joint venture between Sally Malay and
    Canada's Brilliant Mining.
    "I went from Kambalda to
    Beaconsfield in late '95," he said.
    "I arrived for pre-feasibility, the old
    shaft was still half flooded, so took it
    through dewatering, feasibility study,
    mining, plant construction/
    commissioning.
    "There was a few bumps along the
    way and I finished in March this year."
    One of these bumps was the rescue
    of trapped miners Brant Webb and
    Todd Russell in May 2006.
    During this time Mr Gill showed his
    nouse for communicating with
    stakeholders and relaying progress of
    the rescue to the public, giving him an
    international profile.
    From this he engaged in corporate
    speaking and consulting. The position
    at Monarch is his first as director of a
    mining company.
    "The opportunity with Monarch
    really stood out. I think they've done a
    terrific job in the current climate to get
    Davyhurst from zero to production,"
    Mr Gill said.
    "The bumps of the last week or two
    in the market are going to make it
    tough for a lot of miners.
    "Being in production is a critical
    difference for mines, rather than just
    relying on the market or debt for
    financing."
 
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