Alderon makes changes to board of directors

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Company announces date for annual general meeting.

Alderon Iron Ore has announced changes to its board of directors and a date for the company’s annual general meeting.

In a newsrelease issued this morning, the mining company — working towards bringing its Kami mine into production in Newfoundland and Labrador — stated the former president for iron ore at BHP Billiton Limited, Ian Ashby, will be immediately joining its board of directors.

In addition, the board has picked up W. Adrian Loader, the former president and CEO of Shell Canada.

“We are thrilled to be adding the expertise of both Ian and Adrian to our board at such a crucial time in the company’s development,” said Mark Morabito, Alderon’s executive chairman, in the statement.

“As we continue to gear up to commence construction later this year, the experience of both these new board members will be invaluable.”

The incoming Ashby has previously worked as BHP Billiton’s chief operating officer for base metals, chief operating officer for Western Australia iron ore and president for the iron ore division from 2006 to 2012.

Loader, meanwhile, comes from 20 years at Shell, with noted involvement in mergers and acquisitions and time at the top job at Shell Canada.

Alderon’s board will be losing Matt Simpson, who has been involved with the company for four years and is now stepping aside.

“The board would like to acknowledge and thank Mr. Simpson for his exemplary service,” the news release said.

Meanwhile, the mining company has announced it will hold its annual general meeting July 29.

The company is required to hold its AGM within six months of its year end.

“Alderon is evaluating several transactions that may require shareholder approval and chose to delay the holding of its AGM rather than holding multiple shareholder meetings in short succession,”  the news release stated.

 

telegram@thetelegram.com

Organizations: BHP Billiton Limited, Shell Canada, Shell Canada.Alderon

Geographic location: Newfoundland and Labrador, Western Australia

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