Richmond Mining appoints ex-BHP executive Lou Jelenich as director

Richmond Mining (ASX: RHM) has appointed former BHP Billiton (ASX: BHP) executive Lou Jelenich as a non executive director to assist the company as it advances the Buena Vista Iron Project in Nevada towards production.

Jelenich has a track record of over 35 years of experience in iron making operations and technologies at BHP Steel and iron ore marketing with BHP Billiton Iron Ore.

Jelenich runs a consulting practice which helps companies implement strategies and systems to identify growth opportunities and productivity improvements across the sales, marketing, operations, distribution and service level disciplines within a corporation.

Jelenich will assist Richmond as it advances the Buena Vista project to production status, aiming to deliver a long life and cost effective high grade magnetite operation.

Richmond received a major boost at the company's Buena Vista project in early October when the latest resource upgrade delivered the potential for a plus ten year mine life at the West Deposit.

Independent consultants re-estimated the iron Indicated JORC Resource 36% higher to 88.7 million tonnes at 20.4% total iron at the West Deposit, which incorporates a 10% total iron wire framing cut-off grade.

Originally published at: http://www.proactiveinvestors.com.au/companies/news/21152/richmond-mining-appoints-ex-bhp-executive-lou-jelenich-as-director-21152.html