Malaga Announces Appointment of Fernando Pajuelo Rincon as General Manager at Its Pasto Bueno Tungsten Mine
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwire) -- 01/09/12 -- Malaga Inc. ("MLG")(TSX: MLG)(OTCQX: MLGAF) announces the appointment of Fernando Pajuelo as General Manager in charge of mining operations at the Company's Pasto Bueno tungsten mine in Peru. Mr. Pajuelo will report directly to Malaga's President and CEO, Mr. Pierre Monet.
Mr. Pajuelo is a seasoned professional with extensive experience in managing both underground and open pit mining operations in South America. Born in Peru, he is a mining engineer and financial analyst.
Mr. Pajuelo's professional experience encompasses more than twenty years in the mining industry, most recently at Panamerican where he served as Operations Manager and Assistant General Manager since 2010. Prior to that, he was Mining Operations Manager at Glencore Argentina (2005-2008) as well as Operational Manager at Glencore Peru (1996-2005). Additionally, Mr. Pajuelo has solid knowledge in strategic planning, project execution and development, and cost control initiatives in most mining sectors.
"I am very pleased to welcome Fernando to our growing team in Peru, and look forward optimizing Malaga's mining operations," commented Pierre Monet. "His deep mining expertise, ability to work and deal with different communities in Peru and Argentina, and strong experience with environmental and safety, will be significant assets to Malaga."
Mr. Monet noted that Ivan Quiroz will continue to report to him in the role of Vice President of Research and Development. "Malaga has enormous potential, and with talented employees like Mr. Pajuelo and Mr. Quiroz, it will continue its growth," he said.
While Malaga is moving forward on many fronts, its key objectives are to increase tungsten production to meet growing global demand - that's being driven by no new significant production and a decrease in China's tungsten exports - as well as continuing to explore and improve the resource potential of its Pasto Bueno mine.
ABOUT MALAGA INC.
Malaga Inc. owns and operates the Pasto Bueno tungsten mine in Peru and is one of the few publicly-traded producers of tungsten outside of China. Malaga is a low cost producer due to its gravimetric ore concentration process and the availability of hydroelectric power on its property. Malaga's production capacity represents approximately 10% of the tungsten produced outside China. The Company plans to continue to increase production and explore other deposits on its property to expand its reserves and resources.
FORWARD-LOOKING STATEMENTS
Certain statements in the foregoing may constitute forward-looking statements which involve known and unknown risks, uncertainties and other factors that may cause Malaga's actual results, performance or achievements or industry results to be materially different from any future result, performance or achievement expressed or implied by such forward-looking statements. The information provided reflects management's current expectations regarding future events and performance as of the date of this news release.
Contacts:
Pierre Monet
President and CEO, Malaga Inc.
514 288-3224
Nicole Blanchard
Corporate Strategy and Investor Relations
Sun International Communications
450 973-6600
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Datum: 09.01.2012 - 12:00 Uhr
Sprache: Deutsch
News-ID 101967
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contact information:
Town:
MONTREAL, QUEBEC
Kategorie:
Mining & Metals
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