IBC's Jim Malone appointed chairman of World Nuclear Association's new fuel technology group

Maker of specialty alloys, IBC Advanced Alloys (CVE:IB), announced on Monday that its president of nuclear fuels, Jim Malone, has been appointed as chairman of the World Nuclear Association's recently initiated Fuel Technology Working Group to explore alternative fuel types for the nuclear industry.
Malone, who brings over 40 years of senior experience in the nuclear industry, recently held the position of vice president for Nuclear Fuels at Exelon Corp (NYSE:EXC), where he was responsible for their nuclear fuel cycle activities.
He is also the chairman of the board of junior uranium exploration and development company Hathor Exploration (TSE:HAT), which recently receved a $520 million takeover offer from uranium giant Cameco (TSE:CCO).
The Association's fuel technology working group will investigate and measure the viability of commercializing a number of fuel-type variants, including high thermal conductivity beryllium oxide fuel, being developed by IBC with Purdue and Texas A&M Universities.
IBC said the first meeting of the fuel technology working group will be held Sept. 12, 2011 in London, England at the Annual World Nuclear Association Symposium.
In a statement, IBC's Chief Executive, Anthony Dutton, said: "Jim's role as Vice President of Nuclear Fuels for IBC has led to significant developments of our company's beryllium oxide nuclear fuel development program."
Dutton added that Malone’s role with the nuclear association would foster a better grasp of alternative fuel technologies, including potential cost efficiencies and safety improvements for the exisiting industry.
IBC’s rare metal alloys are used in a number of industries, including nuclear energy, automotive, telecommunications and a range of industrial applications. It has production facilities in Indiana, Massachusetts, Pennsylvania and Missouri.
The company also owns prospective beryllium properties in the Western U.S. covering about 9,500 hectares.