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George Jones steps down as Gindalbie chair

28th February 2013

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) - Iron-ore miner Gindalbie Metals on Thursday announced that chairperson George Jones would retire in April this year.

Jones would be succeeded by Keith Jones, who was on Thursday appointed as a nonexecutive director to the Gindalbie board. He would take over chairmanship from April 10.

Keith Jones recently stepped down as a director of Deloitte, and has over 30 years of experience in the resources industry. 

George Jones said that, with the commissioning and ramp-up of the Karara project now well advanced, he believed the official opening of the project marked an appropriate time to hand over the reins.

“For some time, I have wanted to reduce my workload and be in a position to spend more time with my family. After resuming the chairmanship of Gindalbie in 2010, following the tragic loss of Geoff Wedlock in West Africa, I believed very strongly that it was important to see the project through the final stages of development and into production.”

He added that Gindalbie remained on track to complete the ramp-up to eight-million tons a year by the end of April, as scheduled. To date, Gindalbie had spent some $2.55-billion on project development, with the full budget estimated at $2.57-billion.

Gindalbie on Thursday also reported that revenue for the first half of 2013 reached A$62.8-million, with the company reporting a loss after tax of A$30.8-million.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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