Highfield Resources Ltd (ASX:HFR) has appointed proven mine builder Peter Albert as the new chief executive officer of the company to lead the transition from potash developer to a producer at its Muga potash mine in northern Spain.
The appointment will take effect from 1 September 2016.
The current managing director, Anthony Hall, will not continue into the construction phase in his current role and elected to return to Australia.
He was founding director of the company in October 2011 and was responsible for the acquisition of the Spanish potash projects and raising close to $150 million for the company and placing it into the S&P / ASX 300 Index.
The fully diluted market capitalisation of Highfield is now over $500 million.
Experienced hand on the tiller
Peter Albert has over 30 years´ experience as an international mining executive who has a significant track record in mine building and operations.
Most recently, his achievements include building the Sepon gold and copper mines in Laos and the Martabe gold mine in Indonesia and CEO roles in two Hong Kong listed organisations - Jinchuan Group International Resources Company and the G-Resources Group.
His appointment resulted from a global search and his experience in project management, construction, operations, ESG (Environmental, Social and Governance performance) as well as corporate strategy in Australia, Asia, Africa and Europe was pivotal.
Albert will be based in the company´s 60-strong head office in Pamplona, Spain with a focus on constructing the flagship Muga potash mine and bringing the mine into a steady-state and sustainable operation.
Albert has received industry recognition for his mining achievements and in both 2012 and 2013 was awarded "Mining CEO of the Year" by the Asia Mining Congress.
Anthony Hall will work closely with the incoming managing director and CEO and work in a full time transitional role through to 30 November 2016, at which time he will be placed on a part time consultancy agreement through to 30 June 2017.
Highfield chairman, Derek Carter, said:
"We are excited to have someone of Peter´s calibre and reputation joining the Highfield team as Managing Director and CEO to steward the Highfield Resources Group into its next phase of growth as we ready for the construction of our flagship Muga Potash Mine.
"Peter is a proven mine builder and is looking forward to the challenge of establishing a world class potash operation in Spain.
"We would also like to express our sincere gratitude and appreciation to Anthony Hall who has worked tirelessly over the past five years to build a strong team in Spain and to position the Highfield Resources Group to become a substantial global potash producer.
"It is through his skill and leadership that we are so well placed to take the next step of our growth."
Anthony Hall's track record in taking Highfield Resources from an explorer to near term potash mine producer at Muga is second to none. On share price metric alone, this is reinforced - as during his tenure it rose from $0.22 in early 2012 to the current $1.50.
The appointment of Peter Albert looks set to steer Highfield's flagship Muga mine through construction phase and as the next potash producer and a seamless one at that.
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