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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
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  • Cleveland Mining Company Appoints New Executive Director 0 comments
    Sep 3, 2013 10:56 PM

    Cleveland Mining Company (ASX: CDG) has appointed Rod Campbell as its executive director - commercial with immediate effect.

    Campbell, who has been engaged as an advisor of the company since March this year, will manage the finance, investor relations and treasury functions.

    He has held senior management positions with Fortescue Metals Group (ASX: FMG) from 2004 until 2012. During this time he was involved in a number of high-profile debt raising transactions to facilitate the development of Fortescue's mine, port and rail infrastructure.

    Campbell was Fortescue's company secretary over those years with extensive involvement across all areas of corporate governance.

    From 2010 to 2012 he was also Fortescue's Head of Investor Relations where he built a broad network across both the domestic and international resource investment communities.

    Prior to working with Fortescue, Campbell was State Manager Western Australia of Rabobank Australia Ltd and before that was a Senior Manager with State Bank NSW Ltd.

    "On behalf of the Company, I would like to welcome Mr Campbell to the Board. With this year shaping up as one of Cleveland's most exciting, we look forward to having Mr Campbell on the team," chairman Russell Scrimshaw said.

    Cleveland Mining recently resumed production from its Premier Gold Mine after implementing a comprehensive cost-cutting plan that will significantly improve future operating margins.

    Importantly, C1 cash costs of US$400 per ounce should be achievable once underground mining of higher grade material commences at Premier and O Capitão.

    Cleveland is expected to be cash flow positive in the fourth quarter of 2013.

    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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