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Hana Mining Ltd. announced that it has appointed Mr. Robert Dey as Project Director of the Ghanzi Copper-Silver Project.
Mr. Dey has nearly 30 years of experience as an engineer in the development of mining projects in southern Africa. Mr. Dey’s most recent experience was with Impala Platinum Holdings Limited where he spent over 10 years, most recently as the Group Executive – Projects, responsible for the overall coordination of the Group’s capital expenditure as well as project delivery of three new deep level vertical shafts that are currently in the development phase. He was also Project Director for the establishment of a new mine, Marula Platinum Mine, where his responsibilities covered the feasibility and implementation phases. The project was completed on time and on budget. Mr. Dey, who is a South African citizen, holds a B.Sc. in Mechanical Engineering from the University of Natal. Mr. Dey will be based in Johannesburg, South Africa where Hana is setting up a technical office to manage the engineering and development of the Ghanzi Project. Mr. Dey has been granted 400,000 incentive stock options exercisable at a price of $1.27 per share expiring on August 12, 2016. All securities issued upon exercise of the Options are subject to a hold period expiring four months after the date of grant. The subject Options will vest upon the successful completion of certain project and corporate objectives. The Options are subject to the terms and conditions of the Company's Stock Option Plan. Hana also announces that Mr. James Sullivan will be retiring as President and Chief Operating Officer of the Company effective December 31, 2011. Mr. Sullivan will remain on the Company’s board of directors. Hana Mining’s new Project Director, Robert Dey, commented as follows: “The opportunity to be a key part of a group that is developing a world-class mining project, which is located in a mining friendly jurisdiction such as Botswana, was too compelling to resist. I look forward to working with the rest of the Hana management team towards the development of this truly unique asset.” Hana Mining's CEO and Chairman, Marek Kreczmer, commented as follows: “I am pleased to add someone of Robert’s caliber, who knows how to build and operate mining projects in southern Africa, to Hana’s management team. Robert will be leading our new technical office in Johannesburg which is only a four-hour drive from Botswana’s capital, Gabarone, and a further 10 hour drive to the Ghanzi Project. I believe that with Robert’s experience and leadership that the Ghanzi Project will move forward and become a world-class project. I also want to personally thank Jim for his contributions to the company and wish him the best in his retirement.” |
