Seeking Alpha

Proactive Investor's  Instablog

Proactive Investor
Send Message
Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
My company:
Proactiveinvestors
My blog:
Proactiveinvestors
  • Pan Asia Corporation Adds Key Noble Energy Executive To Board 0 comments
    May 27, 2013 11:48 PM

    Pan Asia Corporation (ASX: PZC) has appointed the highly-experienced Tim Gazzard as a non-executive director of the company

    Gazzard currently holds the position of Senior Vice President with Noble International Pte Ltd in Singapore and is head of Noble Group's (SGX: N21) Indonesia Energy Coal Business.

    Gazzard previously worked with Barclays Capital in their Mining & Metals Investment Banking team in London, and prior to that as a Mining Engineer with Thiess (and later STRACON) in Australia, Indonesia and Peru.

    Domenic Martino, chairman of Pan Asia, commented: "We welcome Tim to the team. His expertise will be of huge value to the company as we move closer to development of our flagship project."

    In March this year Pan Asia announced that Noble Group had taken a 5.34% equity stake in the company and had been appointed as strategic advisors for its TCM Thermal Coal Project.

    The project is a high calorific value (6200 gar) underground thermal coal project in South Kalimantan, with Pan Asia seeking to secure all pre-production approvals by the end of 2013 so that mine development can start.

    Pan Asia has completed a positive base case Feasibility Study on the southern half of the TCM Project and subsequently, significantly upgraded the JORC resource to 129 MT mineable seams.

    The company is currently planning the upgrade of the Feasibility Study to include the increased resource which should provide a mine-life in excess of 30 years.

    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.

Back To Proactive Investor's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.