United Minerals Corporation NL ( ASX: UMC) which has a JORC resource of 110 Mt of hematite iron ore in the Pilbara, with low stripping ratios and close to major existing mines with associated rail and port infrastructure, is pleased to announce the appointment of Mr Sten Soderstrom to the executive team of Matthew Hogan and Barry Fehlberg. Mr Soderstrom having managed the feasibility study for the Sinosteel Midwest Joint Venture’s high profile iron ore project at Weld Range also has significant experience in Bauxite and Alumina with a distinguished career with Alcoa and Nabalco. Matthew Hogan, Chief Executive and Director of United Minerals Corporation said that Mr Soderstrom’s extensive experience in the management of feasibility studies and EPCM contracts fits well with United Minerals ambition to fast track its projects in iron ore and bauxite. Mr Soderstrom’s experience of over 25 years of international project management and development in the mining and mineral processing industry includes ten years as Managing Director in Australia of major international companies including Metso Minerals. He worked with Alcoa for seven years as Mine Planning Superintendent and Chief Industrial Engineer at the Pinjarra Refinery. “Mr Soderstrom will be a major driver of United Minerals objective to commercialise its iron ore interests and its Bauxite JV with Norsk Hydro, both projects which have raised significant interest by the company’s international investors” said Mr Hogan, who has recently returned from an institutional investors tour in Switzerland.
UMC Price at posting:
$1.60 Sentiment: Buy Disclosure: Held
