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  • Cleveland Mining Company Adds Ex-Fortescue Metals Group Executive As Adviser 0 comments
    Mar 27, 2013 10:45 PM

    Cleveland Mining Company (ASX: CDG) has appointed ex-Fortescue Metals Group (ASX: FMG) senior executive Rod Campbell as an adviser to assist with the company's acquisitions program.

    As part of Cleveland's strategic drive to rapidly increase its resource base, numerous acquisition targets have been identified in Brazil and other South American countries.

    Campbell will provide ongoing consultancy to the company to assist with the due diligence process, the sourcing and structuring of finance, and the acquisition of projects or companies that meet Cleveland's strict acquisition criteria.

    He has extensive corporate and financing experience after holding senior management positions with Fortescue Metals Group from late 2004 until 2012.

    Campbell has played a role in numerous high profile transactions, including Fortescue's record $2.7 billion high‐yield bond raising.

    Before joining Fortescue, Campbell was state manager Western Australia for RaboBank Australia and previous to that he was a senior manager with State Bank NSW.

    David Mendelawitz, managing director of Cleveland Mining Company, commented: "Rod Campbell brings significant mine finance experience to Cleveland.

    "My fellow directors, Russell Scrimshaw and Jim Williams, and I worked with Rod for many years at Fortescue.

    "We know that his guidance will be invaluable as the company prepares for an important phase of expansion that will follow the completion of the Premier Project."

    Cleveland remains well-funded having recently raised A$7 million from a placement to institutional and sophisticated investors.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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