Sydney, Australia, Feb 22, 2012 - (ABN Newswire) - The Board of Celamin Holdings NL (ASX:CNL.AX - News) is pleased to announce the appointment of Mr. Martin Broome as a Non-Executive Independent Director to the Board of Directors. This appointment will take immediate effect as at 22 February 2012.
Mr. Martin Broome B.Sc(Hons) Geology, M.Sc Engineering Rock Mechanics, Chartered Engineer, FIOM
Mr. Broome has more than 37 years of experience working in the minerals industry in Africa. Until 2010, Mr. Broome was Managing Director of African Mining Consultants ("AMC") having founded AMC in 1994. This followed a 20 year career with Zambian Consolidated Copper Mines Limited ("ZCCM") in the Zambian Copperbelt.
Mr. Broome, an MSc graduate in Engineering Rock Mechanics from Imperial College London, progressed to being the Group Rock Mechanic Engineer for ZCCM until 1989. Following this, Martin was involved in project management for the Baluba and Chambishi mining projects before initiating AMC where he has overseen open pit and underground rock mechanics design projects, feasibility studies for large and small scale open pit and underground mining projects; mine audits, due diligence and competent person's reports, mining methods, backfill and rock mechanics studies, government and parastatal mining, company privatizations, environmental auditing and project management.
Mr Broome has been a non-executive director of Barclays Bank of Zambia plc, since 2003 and has been Chairman of the Bank's Subsidiary Audit Committee since 2009.
Managing Director, David Regan said he was delighted that a Director with such Technical and Commercial experience as Mr. Broome's is joining the Board and that his role as an Independent Director will focus CNL on building its portfolio of assets into a business in North Africa for the benefit of all shareholders.
The Company also advises that Mr Justin Mouchacca has tendered his resignation as a Director effective 22 February 2012. The Company thanks him for his contribution during his tenure as Director.
About Celamin Holdings NL:
Through Celamin Ltd (Celamin), the Company's immediate focus is the Bir El Afou Phosphate project held in partnership with local company Tunisian Mining Services SA (TMS). A pre feasibility study targeted on a high grade, low cost Stage 1 mine development is expected to be completed by end September 2011. The Company has currently targeted first mine production by the end of 2013.
Celamin also holds another Phosphate exploration permit in Tunisia with TMS (Chaketma). This project has larger target potential than Bir El Afou. The Company1s development plan is for a sequential staged development depending on market conditions once Bir El Afou Stage 1 is in production.
Celamin has also acquired rights to several base metal tailings Projects in Tunisia with TMS and is farming in to an Exploration Permit with base metal (Pb/Zn) targets.
Celamin Holdings NL T: +61-3-9692-7222 F: +61-3-9529-8057 WWW: celaminnl.com.au
Celamin Holdings NL
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