Monday, 27 February 2012

Tirex Resources appoints Griffi to board of directors

Mineral explorer Tirex Resources (CVE:TXX) has appointed Jeffery Griffin to the board of directors, the company announced Friday. 

The appointment comes as Tirex transitions from exploration to copper and gold mining production in six areas of the Mirdita volcanogenic massive sulphide district after investing more than US$25 million into Albania over five years.

Griffin’s has a business administration in economics from Tuft University, and also served in the United States Army. 

From 2001 to 2010, he was president and chief executive of the Albanian-American Enterprise Fund. A enterprise created by the U.S. to enhance the private sector of Albania’s economy and also designed to promote a transparent “capitalist” economy under “democratic” rule.

In addition, Griffin was elected as the chairman of the board of the American Chamber of Commerce of Albania from February 2001 to 2007. 

During this time, the chamber developed regulations that were adopted as law to support land title registration, corporate share ownership.

Under his six year tenure, the chamber membership grew from 40 people to more than 220 members, the company said in a statement.

Griffin has held number high level positions in finance such as managing director for Caspian Securities, and was also president and CEO of American Security Capital Corp.

Further, from 1999 to 2001, he was vice president for Investment Funds, Overseas Private Investment Corporation, a U.S. Government agency charged with investing in emerging markets to support private enterprise development.

In this position, Griffin was the senior officer responsible for 28 international private equity funds with total capital of $4
billion, which comprised one-third of the corporations operations.

In October, the company said that it submitted its application for mining permits in the Mirdita District, in Albania.

Vancouver-based Tirex is seeking permits in the areas known as Central Gurthi, North Gurthi, South Gurthi and Letitna zones, as well as Fushe-Arres and Paluca.

The company has submitted documentation to the Ministry of Environment and Forestry, as well as mining plans to the Ministry of Economy, Trade and Energy. The applications received official support from all the host communities where the mining permits are located, Tirex said.

No comments:

Post a Comment