Tweet
London Stock Exchange Aggregated Regulatory News Service (ARNS)
August 22, 2011 Monday 7:00 AM GMT
Fortune Oil PLC Appointment of Project Director in Armenia
RNS Number : 7453M
Fortune Oil PLC
22 August 2011
22 August 2011
FORTUNE OIL PLC
("Fortune Oil" or the "Company")
Appointment of New Project Director in Armenia
Fortune Oil is pleased to announce the appointment of Mr. Jerry Gorman
as Project Director for its Armenia iron ore investment with effect
from 1(st) October 2011.
Jerry Gorman has more than 30 years of mining and metals experience
with a proven track record of successfully building, operating and
delivering metallurgical and mining projects in South America, Africa
and Europe. Prior to his appointment, Jerry spent 9 years with ENRC
(Eurasian Natural Resources Corporation) and its subsidiary companies
in various roles. The latest of these was as President and Chief
Executive Officer of Bahia Mineracao (a 100% subsidiary company of
ENRC) where he was responsible for managing all aspects of its iron
ore deposits in Brazil.
Jerry will now be responsible and accountable for successfully
developing both the Hrazdan and Abovyan mines. He will be Fortune
Oil's most senior representative based in Armenia and will be the key
individual liaising with all of the Group's strategic alliance
partners including SRK Consulting (UK), ProMet Engineers (Australia),
Sinosteel Group (China), local Government and other relevant
authorities including the Chinese Embassy.
This appointment significantly strengthens the Company's operational
experience as it looks to successfully deliver the iron ore project in
Armenia. Jerry's experience and expertise will be beneficial to
Fortune Oil in evaluating and executing future M&A opportunities in
mining and metals globally.
A detailed description of Mr. Jerry Gorman's qualifications and
experience is set out at the end of the announcement.
Mr. Tee Kiam Poon, Chief Executive of Fortune Oil, commented:
"I am delighted that Jerry will be joining us. Jerry is a highly
experienced, innovative and results oriented iron ore project manager
with an established track record of delivering difficult projects to
tight timescales. He has broad international experience having
successfully delivered various iron ore projects in numerous countries
on several different continents. His expertise is ideally suited for
the Company's iron ore investment in Armenia and I am certain that he
will play a crucial role in successfully delivering the projects."
For further details:
Fortune Oil PLC Tel: 00 852 2583 3125
Tee Kiam Poon Tel: 00 852 2583 3120
Premal Shah
Pelham Bell Pottinger Tel: 020 7861 3112
Archie Berens / Zoe Sanders
From: A. Papazian
August 22, 2011 Monday 7:00 AM GMT
Fortune Oil PLC Appointment of Project Director in Armenia
RNS Number : 7453M
Fortune Oil PLC
22 August 2011
22 August 2011
FORTUNE OIL PLC
("Fortune Oil" or the "Company")
Appointment of New Project Director in Armenia
Fortune Oil is pleased to announce the appointment of Mr. Jerry Gorman
as Project Director for its Armenia iron ore investment with effect
from 1(st) October 2011.
Jerry Gorman has more than 30 years of mining and metals experience
with a proven track record of successfully building, operating and
delivering metallurgical and mining projects in South America, Africa
and Europe. Prior to his appointment, Jerry spent 9 years with ENRC
(Eurasian Natural Resources Corporation) and its subsidiary companies
in various roles. The latest of these was as President and Chief
Executive Officer of Bahia Mineracao (a 100% subsidiary company of
ENRC) where he was responsible for managing all aspects of its iron
ore deposits in Brazil.
Jerry will now be responsible and accountable for successfully
developing both the Hrazdan and Abovyan mines. He will be Fortune
Oil's most senior representative based in Armenia and will be the key
individual liaising with all of the Group's strategic alliance
partners including SRK Consulting (UK), ProMet Engineers (Australia),
Sinosteel Group (China), local Government and other relevant
authorities including the Chinese Embassy.
This appointment significantly strengthens the Company's operational
experience as it looks to successfully deliver the iron ore project in
Armenia. Jerry's experience and expertise will be beneficial to
Fortune Oil in evaluating and executing future M&A opportunities in
mining and metals globally.
A detailed description of Mr. Jerry Gorman's qualifications and
experience is set out at the end of the announcement.
Mr. Tee Kiam Poon, Chief Executive of Fortune Oil, commented:
"I am delighted that Jerry will be joining us. Jerry is a highly
experienced, innovative and results oriented iron ore project manager
with an established track record of delivering difficult projects to
tight timescales. He has broad international experience having
successfully delivered various iron ore projects in numerous countries
on several different continents. His expertise is ideally suited for
the Company's iron ore investment in Armenia and I am certain that he
will play a crucial role in successfully delivering the projects."
For further details:
Fortune Oil PLC Tel: 00 852 2583 3125
Tee Kiam Poon Tel: 00 852 2583 3120
Premal Shah
Pelham Bell Pottinger Tel: 020 7861 3112
Archie Berens / Zoe Sanders
From: A. Papazian