Richmond Mining is focused on the development of the Company’s 100% owned Buena Vista magnetite project. Located in the mining friendly state of Nevada in the United States the project offers investors a low risk entry into an emerging steel mill feedstock.
The United States provides mining companies with well situated and established infrastructure with road, rail and port facilities all in place. For Buena Vista, this established infrastructure reduces the development costs by well in excess of a billion dollars and significantly shortens the time taken to get the project into production.
Richmond has already completed the definitive feasibility study and is now engaged in discussions with banks and other potential providers of finance for the development of Buena Vista. In conjunction with an active programme to secure the remaining mining and environmental permits Richmond anticipates that production will commence within 12-15 months of the securing of final finance. At this stage the first half of calendar 2013 is the targeted date for the commencement of production.
Inclusive to the many advantages inherent in BuenaVista are the low capital cost, the very low risk political environment, the cash costs which are equivalent to or better than the majority of emerging magnetite producers and the relatively short time to production. The project also represents a much lower operational risk than most emerging producers because of the proposed scale of production.
Howard Dawson – Non-Executive Chairman
Qualifications: B.Sc (Geology), AFG, SFFINSIA
Howard Dawson had an 11 year career as a geologist before entering the securities industry as a research analyst in 1987. Over the subsequent 16 years he fulfilled a number of complimentary roles within the securities industry including research, corporate advisory, business development, senior management and equity partner for firms including Hartley Poynton, McIntosh Securities, Merrill Lynch and ABN AMRO Morgans Limited.
During that period he remained actively involved in the resource industry through project acquisition and participation in various development studies including the feasibility by Comet Resources for the development of the Ravensthorpe nickel laterite project.
Mr Dawson brings to the Board of Richmond Mining technical, financial and corporate skills which are used to compliment the executives and consultants responsible for the potential development of the Buena Vista magnetite project.
He is also a Director of the ASX listed Latin Gold.
Max Nind – Managing Director
Qualifications: B.Sc (Geology), M.Sc (Geology), Grad. Dip. Fin
Max brings to Richmond over 20 years of experience in the resource sector ranging from exploration geology through to corporate research, marketing and investment banking.
Prior to joining Richmond Mining in 2008, Max was the Business Development and Exploration Manager for Sinosteel Australia; a subsidiary of the largest integrated raw material supplier and service provider to the Chinese steel industry. The role focused on identifying resource sector investments in steel related commodities and as a result Max gained considerable experience in the evaluation of hematite through to magnetite iron ore projects.
In the mid 1990’s Max was a Research Manager and Senior Research Analyst at Perth stockbroking firm DJ Carmichael & Co where, over a 5 year period, he gained a strong grounding in all aspects of the Australian stockmarket, from detailed company and product evaluation, project research, institutional marketing and all facets of the capital raising process.
Prior to joining Carmichaels, Max spent 10 years as a geologist with Western Mining Corporation Limited based in Western Australia. During this period his duties included senior management at various mining operations through to the implementation and co-ordination of regional exploration programmes.
The considerable experience Max developed at both Western Mining and Sinosteel has provided him with a sound base to advance the development of the Buena Vista project.
Lou Jelenich – Non- Executive Director
Qualifications: B.Sc (Chemistry), B.Sc (Chemical Engineering), AICD, APEA
Lou commenced his career at the Newcastle Steel works in 1975 rising to responsibility for the operations of the Sinter plant by 1995. During that period Lou project managed many new innovations and systems at the BHP Steel operations. In 1997 Lou became Manager of Technical Services for BHP Billiton Iron Ore and during the ensuing 12 years was a key executive in the promotion and development of new markets for existing products as well as new iron ore blends. In 2009 Lou established his own consultancy business specialising in marketing assistance for iron ore, manganese and coal producers.
Jim Malone – Non-Executive Director
Qualifications: B.Comm, ASA
Jim Malone has worked as an accountant, stockbroker, CEO of a medium sized business and Director of various mining companies for the past 25 years. Mr Malone is currently the Executive Chairman of Australian American Mining Corporation Limited and a director of Latin Gold Limited, Forge Resources Limited and Exalt Resources Limited.
Previously Mr Malone worked for Arthur Andersen accountants, Hartley Poynton stockbrokers, CSFB and Lehman Brothers merchant banks in London and for the West Coast Eagles and Richmond Football Clubs, the latter as CEO from 1994 to 2000. Mr Malone has worked in Perth, London, Melbourne and Santiago, Chile.
Since 2000, Mr Malone has been involved in the successful listing and management of seven ASX listed resource companies that have explored for gold, uranium and oil and gas assets throughout Australia, United States, South America and Europe.
Greg Barns – Non-Executive Director
Qualifications: BA/LLB
Greg Barns is a lawyer and company director. He is currently a non-executive Director of Australian American Mining Corporation Limited. Mr Barns holds a BA/LLB from Monash University and is a member of the Tasmanian Bar. He is also admitted to practice in Victoria and New South Wales.
Mr Barns is a former political adviser to a range of state and federal ministers and premiers and he was the inaugural CEO of the Australian Gold Council from 2000-02. He is a regular contributor to various Australian mining and information publications and is the Australian correspondent for Canadian monthly, Resource World.
Mr Barns was involved in the successful listing in 2004 of Republic Gold Limited and has wide project experience in the United States and South America
Company Secretary
Michael Higginson – Company Secretary
Qualifications: B.Bus
Mr Higginson was formerly an Executive Officer with the Australian Securities Exchange and has over the last 24 years been the principal of his own corporate consulting practice. He has accumulated extensive expertise in public company administration, corporate finance, corporate governance, corporate law, capital raisings, ASX Listing Rules and company secretarial duties.
He has held Board, company secretarial and senior management positions with a number of Western Australian based resource and exploration companies. In particular, he was an integral part of the team involved in the exploration, feasibility study and early development of the Ravensthorpe Nickel Laterite Project.