All I can find quickly ,as I do not follow this company, suggest you try a search on the Internet or the link below
And if you got yourself a nickname it would help with communication
http://www.reflections.com.au/
good luck ;) +++++++++++++++++++++++++++++++++++++++++ Media Release: Appointment of CEO
MINERAL COMMODITIES LTD 2002-08-19 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++ MINERAL COMMODITIES APPOINTS SENIOR EXECUTIVE TO SPEARHEAD SA DEVELOPMENT
FORMER RGC, WESTERN TITANIUM EXECUTIVE ALAN LUSCOMBE APPOINTED AS CEO
International mineral sands group Mineral Commodities Ltd (ASX:MRC) has appointed a senior executive with extensive experience in the global mineral sands business as Chief Executive Officer to spearhead the development of its world-class Xolobeni Project on South Africa's east coast.
The Perth-based Company today (Monday) announced the appointment of Mr Alan Luscombe, whose experience encompasses senior managerial roles with sonic of Australia's major mineral sands operations, as CEO.
Up until 1997 Mr Luscombe had a lengthy career with RGC Mineral Sands, where he held the positions of Manager Project Development, WA, Mining Manager, WA, Manager Operational Services WA and Resident Manager, WA.
Mr Luscombe was closely involved in the management and development of RGC's minerals sands projects in Australia and Overseas.
Before joining RGC, he spent three years managing Western Titanium Limited's mineral sands operations at Geraldton in WA and, between 1968 and 1979, enjoyed a long career with Associated Minerals Consolidated Limited, holding senior operational and management positions as mineral sands projects in Queensland and NSW.
Mineral Commodities' Director, Mr Mark Caruso, said Mr Luscombe was an outstanding appointment with excellent skills in leadership, personnel development and project development in Australia and overseas.
"Alan has an exceptional level of knowledge and experience in the mineral sands business, both in Australia and internationally, and he is ideally suited to lead our team forward in developing a world-class asset at Xolobeni in South Africa," Mr Caruso said.
Since leaving RGC, Mr Luscombe was General Manager for CSR Readymix in Western Australia.
The Xolobeni Project, located 200 kilometres south of the regional port of Durban, has the potential to be a top-10 titanium feedstock producer based on a geographically strategic resource of heavy minerals which is slated conceptually for development as a 5 million tonne per annum start-up mining operation.
At this rate, it would produce, some 250,000 tonnes per annum of ilmenite concentrate to supply a new smelting operation, yielding 146,000 tonnes per annum of 86% TiO2 slag and 76,000 tonnes per annum (tpa) of pig iron, and a minimum of 10,000 tpa each of rutile and zircon concentrate. This would generate an operating revenue of $150 million per annum over a project life exceeding 20 years.
The project's development prospects recently received a major boost following a key strategic investment by the South African Export Development Fund (SAEDF) it) the project which is expected to lead to a broader funding mandate.
Mineral Commodities is currently undertaking a pre-qualification study on the project after finalising a recent agreement which gives the SAEDF the option to acquire equity both directly in the project and a stake in Mineral Commodities, plus a 6-month mandate to present a funding proposal.
As well, the Company has signed a Memorandum of Understanding with the East London Development Zone Corporation (ELDZC) to jointly undertake a pre-qualification study into the establishment of an ilmenite smelter at East London, on the South Africa's east coast south of Xolobeni.
An agreement was signed earlier this month with engineering giant SMS DEMAG AG to conduct the component of the study relating to the smelter construction. This would be carried out at no cost to Mineral Commodities, in return for a first right of refusal to undertake the full feasibility study of the smelter facility.
The ELIDZ is one of several 'Industrial Development Zones' or IDZ's being gazetted by the South African Government to promote industrial development in parts of the country requiring new investment and economic upliftment, such as the depressed Eastern Cape region.
Mineral Commodities, through MRC Resources, currently owns 49% of the Xolobeni Project and has expended $604,000 of its $1 million expenditure commitment to earn an additional 26%.
+++++++++++++++++++++++++++++++++++++++
Company Announcement
Second Quarter Activities & Cashflow Report
MINERAL COMMODITIES LTD 2002-07-31 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++ HIGHLIGHTS
* Final approvals received for the investment by the SAEDF in MRC Resources (Pty) Ltd for funding for the Xolobeni Mineral Sands Project.
* Signing of an MoU with the East London Development Zone Corporation (ELDZC) for the establishment of an Ilmenite smelter at East London.
* Commissioning of a pre-qualification study for the Xolobeni Project.
* Agreement in principle reached with SMS Demag for the pre-qualification smelter study including options for ongoing funding by Demag for the Full Feasibility Study.
* The Yandallah option was exercised.
MORE TO FOLLOW
MRC Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held