IBR iberian resources limited

merger i think its great

  1. 9,656 Posts.
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    the new board of tamaya resources delivers! n question about it looks at the performance of the share price and the results of drilling and more so production increase on time and as promised and high recoveries and pland expansion. the board is all for share holder value 110% > recent interview with tamaya md
    >http://www.brr.com.au/TMR/tamaya-resources-limited

    http://www.tamayaresources.com/2625_Home.html


    Executive Chairman
    Hugh Callaghan
    BCom, LLB, LLM

    Experience
    Non-executive Chairman since 23 June 2006, and Executive Chairman since 1st November 2006. Mr Callaghan was previously Managing Director of ASX listed Riversdale Mining Limited (RIV) – June 04 to August 06. Riversdale is a coal mining company based in Sydney. He previously held a range of positions within Rio Tinto Plc and Xstrata Plc, with a focus on the copper industry that included working with several major copper mining and processing operations around the world. This included a year's secondment to the management team of Escondida Copper in Chile, the largest copper mine in the world. Mr Callaghan has extensive experience in the commercial development of mining businesses focussed on commodities ranging from base metals to coal.


    Managing Director
    Mike Fischer
    B. Min Tech (Hons)

    Experience
    Managing Director since 21st August 2007, Mike Fischer has a long and distinguished track record in mining that includes executive level operational and project management, in gold and base metals operations in South Africa, Papua New Guinea, and Australia. After graduating from Otago University with First Class Honours, and numerous academic awards, he spent a number of years in South Africa with Gencor Mining (now Gold Fields Ltd), rising to senior management positions in several very large gold mines. On returning from South Africa, Michael served as Resident Manager at Normandy Woodcutters` mine, then General Manager Operations at Dome Resources' Tolukuma Gold Mine in Papua New Guinea.

    Prior to joining Tamaya Resources, Mike spent 6 years as General Manager Operations at CBH Resources during which time he was an integral part of that Company's growth from an explorer to an operating company with a pipeline of growth projects.


    Non-Executive Director
    Jim Squire
    MA (Oxon)

    Experience
    Independent non-executive Director since 16th October 2006, Mr. Squire has extensive senior executive level experience with some of the worlds leading mining houses, including over 30 years experience within the Rio Tinto group of companies.

    After leaving Oxford, Jim joined The Rio Tinto Zinc Corporation Ltd in London in 1970. He initially worked with Australian Mining and Smelting Europe Ltd, a newly formed company which intergrated Rio Tinto's Broken Hill mines with their smelters in Europe, becoming a director of AM & S Europe in 1978.

    In 1982 Jim joined BP Minerals with responsibility for marketing BP's metal and mineral assets which included a 49% share of the new Olympic Dam copper/uranium mine in South Australia. With the acquisition of BP Minerals in 1989, Jim re-joined Rio Tinto plc subsequently becoming Head of the Commercial Department and latterly Managing Director of Rio Tinto Marketing Services Ltd. Jim has long and broad international experience of the mining industry and of commodities. He has been a board member of various Rio Tinto subsidiary companies including Rio Tinto do Brasil, Norzink, Zinkgruvan, Eurallumina and Rio Tinto Aluminium. He has also served as a Board member of the International Copper Association (New York) and as Deputy Chairman of the European Copper Institute (Brussels).


    Non-Executive Director
    Peter Evans
    BCom, GradDipAdvAcc, ASIA

    Experience
    Peter Evans has been a member of the Board of Tamaya Resources Limited since 14th March 1996 – as non-executive Chairman until 23rd June 2006, and currently as non-executive Director. Mr. Evans is a stockbroker and an Associate of the Securities Institute of Australia. He is a Member of the Australian Stock Exchange Limited and has been since 1985, a Director of the Australian Stock Exchange (Queensland) Limited Board og Advice. He was a founding shareholder of Morgan Stockbroking Limited and a founding director of Tamaya Resources Limited predecessor company SMC Gold Limited.


    Non-Executive Director
    Richard Palmer
    BE (Hons), MBA

    Experience
    Non-executive Director since 23 June 2006. Mr Palmer has over 18 years of commercial and operational experience in the domestic and international resources sectors. He is currently involved in corporate advisory and investment banking based in Sydney. Previous resources roles include CEO and Director of Pine Valley Mining Corporation (PVM) then listed on the venture Exchange in Canada and VP of business development for Peabody Energy Corporation in the US.



    Iberian, Tamaya in tie-up
    TAMAYA and Iberian Resources have gone in to trading halts ahead of an expected $225 million friendly
    merger of their Chilean copper/gold and European gold interests under the Tamaya banner.
    Sydney-based Tamaya, formerly SMC Gold, has been promising to push the group into a mid-sized producer
    since former Rio Tinto and Xstrata executive, Hugh Callaghan, became executive chairman last June.
    Perth-based Iberian is the smaller of the two with a market value of $82 million and has only recently come to
    the notice of the market because of the start to production at its gold project in Armenia and the development
    potential of another gold project in southern Portugal.

    Tamaya recently took up a $US14.1 million loan facility to fund planned mine upgrades in Chile and
    exploration in the region.
    At the time, Tamara confirmed its intention to increase annual copper production to 13,000 tonnes-a-year (in
    concentrates) without diluting shareholders' equity.
    Iberian plans to build production at its Armenian gold project to an annual rate of 150,000 ounces from a
    resource base of 1.4 million ounces of gold equivalent. First gold pour at the project was on December 6.
    The project in Portugal has a resource base of 610,000 ounces of gold. Tamaya and Iberian have enjoyed
    recent share price gains. Ahead of its trading halt, Tamaya had moved from 21¢ to 26.5¢ in seven trading day
    Iberian moved from 66.5¢ to 70¢ in the same period.
    Those gains were in keeping with renewed interest in junior miners in response to the rebound in copper pric
    and gold's advance to nine-months highs of more than $US689 an ounce. -- BARRY FitzGERALD

    http://www.tamayaresources.com/pdfs/investor/07_02_12%20Independent%20Research%20Report.pdf
 
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