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Tuesday, 19 March 2013
Mandalay Resources' new president is COO Sander
Mandalay Resources (TSE:MND) has spruced up its senior management team in a move that sees chief operating officer (COO) Mark Sander become president of the company.
Sander’s old role of COO will be assumed by Dominic Duffy, formerly general manager of the Cerro Bayo operations in Chile, while Duffy’s old seat will now be occupied by Kalenci Flores.
Sander has a PhD in Ore Deposits and Exploration from Stanford University in the USA, and has been active in the mineral resource industry for the last 25 years, with a focus on copper, gold and platinum projects.
Prior to joining Mandalay, Dr Sander's industry experience included serving as vice president of Strategy and Planning forBHP Billiton's copper group.
Dominic Duffy holds a BEng in Mining Engineering from the University of New South Wales (Sydney, Australia). Duffy has extensive technical and operational management experience having worked at numerous operations throughout Australia and Latin America.
Kalenci Flores is a mining engineer who holds a degree from the Universidad de Oriente in Ciudad Bolivar, Venezuela. He has over ten years of relevant experience, having worked for several multinational mining companies in Venezuela, Argentina, and Chile.
"We are excited by this positive development in our company's management team,” Mandalay’s chief executive officer Brad Mills said.
“We believe these appointments strengthen our company's leadership and are important to the continued future growth of Mandalay,” he added.
Toronto-listed Mandalay, a debt-free, dividend paying junior miner, recently unveiled an increase in mineral reserves.
Contained gold reserves increased by 33%, contained silver by 14%, and contained antimony by 38%, all net of mine depletion, the company said.