Thompson Creek announces appointment of Chief Operating Officer
August 11 2009 - 12:13PM
PR Newswire (US)
NYSE: TC TSX: TCM, TCM.WT Frankfurt: A6R TORONTO, Aug. 11
/PRNewswire-FirstCall/ -- Thompson Creek Metals Company Inc.
("Company"), one of the world's largest publicly traded, pure
molybdenum producers, today announced the appointment of S. Scott
Shellhaas as Vice President and Chief Operating Officer. The
appointment follows the decision by the Company to close the
Vancouver, British Columbia office requiring the Chief Operating
Officer to work out of its principal executive offices in Denver,
Colorado. As previously announced on June 5, 2009, Ken Collison,
the Company's former Chief Operating Officer, who was working in
the Vancouver office, had chosen not to relocate to Denver. Mr.
Collison will remain with the Company for the coming months as
Operations Consultant and continue to work on specific projects.
"We are very pleased to welcome Scott Shellhaas to our management
team and look forward to working with him. Scott has extensive
minerals management experience, both domestic and international,
involving a number of different metals. We are fortunate to be able
to attract Scott to Thompson Creek," said Kevin Loughrey, Chairman
and Chief Executive Officer. Mr. Shellhaas joins Thompson Creek
with over 25 years of international executive management and
operating experience within the mining industry. Mr. Shellhaas'
mining career started with Cyprus Amax Minerals Company where he
was a managing attorney from 1982 to 1989. He subsequently served
in operating positions, including: President of Cyprus Australia
Gold Company (1989-1991), a gold and copper producer in Australia;
President of Cyprus Northshore Mining Company (1991-1994), an iron
ore producer in Minnesota; President of Cyprus Foote Mineral
Company (1993-1996), an international lithium producer operating in
Chile and the United States; and President and Chief Operating
Officer of Amax Gold Inc. (1996-1998), a publicly traded global
gold producer. From 1998 to 2000, he was President of Cyprus
Australia Coal Company, a coal producer in Australia, and Chairman
and Chief Executive Officer of Oakbridge Proprietary Ltd., an
associated coal producing and marketing joint venture and
consortium. From 2000 to 2007, Mr. Shellhaas was the CEO designate
for venture capital development projects involving coal, iron and
steel producers within the United States. He then was Vice
President of Richmond, Virginia-based Imagin Natural Resources, a
start-up natural resource company focusing on the acquisition and
operation of coal assets. Since leaving Imagin in 2008, he has
provided executive management consulting services to natural
resource and energy companies. Mr. Shellhaas has a Bachelor of Arts
in Economics from the University of North Carolina-Chapel Hill and
a Juris Doctor with Honors from the University of Wyoming School of
Law. About Thompson Creek Metals Company Inc. Thompson Creek Metals
Company Inc. is one of the largest publicly traded, pure molybdenum
producers in the world. The Company owns the Thompson Creek
open-pit molybdenum mine and mill in Idaho, a metallurgical
roasting facility in Langeloth, Pennsylvania and a 75% share of the
Endako open-pit mine, mill and roasting facility in northern
British Columbia. Thompson Creek is evaluating the Mount Emmons
Deposit, a high-grade underground molybdenum deposit near Crested
Butte, Colorado. Thompson Creek has an option to acquire up to 75%
of the property. The Company is continuing to pursue permitting of
the Davidson Deposit, a high-grade underground molybdenum deposit
near Smithers, B.C. The Company has approximately 750 employees.
Its principal executive office is in Denver, Colorado, and it has
another executive office in Toronto, Ontario. More information is
available at http://www.thompsoncreekmetals.com/. Cautionary Note
Regarding Forward-Looking Statements
---------------------------------------------------- This news
release contains "forward-looking information" within the meaning
of the United States Private Securities Litigation Reform Act of
1995 and applicable Canadian securities legislation which may
include, but is not limited to, statements with respect to the
timing and amount of estimated future production. Often, but not
always, forward-looking statements can be identified by the use of
words such as "plans", "expects", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates", or
"believes" or variations (including negative variations) of such
words and phrases, or state that certain actions, events or results
"may", "could", "would", "might" or "will" be taken, occur or be
achieved. Forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements of Thompson Creek and/or its
subsidiaries to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking statements. Such factors include those factors
discussed in the section entitled "Risk Factors" in Thompson
Creek's current annual information form which is available on SEDAR
at http://www.sedar.com/ and is incorporated in its Annual Report
on Form 40-F filed with the United States Securities and Exchange
Commission which is available at http://www.sec.gov/. Although
Thompson Creek has attempted to identify important factors that
could cause actual actions, events or results to differ materially
from those described in forward-looking statements, there may be
other factors that cause actions, events or results to differ from
those anticipated, estimated or intended. Forward-looking
statements contained herein are made as of the date of this news
release and Thompson Creek does not undertake to update any such
forward-looking statements, except in accordance with applicable
securities laws. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers are cautioned not to place undue
reliance on forward-looking statements. Readers should refer to
Thompson Creek's current annual information form which is available
on SEDAR at http://www.sedar.com/ and is incorporated in its Annual
Report on Form 40-F filed with the SEC which is available at
http://www.sec.gov/ and subsequent continuous disclosure documents
available at http://www.sedar.com/ and http://www.sec.gov/ for
further information on mineral reserves and mineral resources,
which is subject to the qualifications and notes set forth therein.
CONTACT: Wayne Cheveldayoff, Director of Investor Relations,
Thompson Creek Metals Company Inc., Tel: (416) 860-1438, Toll free:
1-800-827-0992, ; Dan Symons, Renmark Financial Communications
Inc., Tel.: (514) 939-3989, DATASOURCE: Thompson Creek Metals
Company Inc. CONTACT: Wayne Cheveldayoff, Director of Investor
Relations, Thompson Creek Metals Company Inc., Tel: (416) 860-1438,
Toll free: 1-800-827-0992, ; Dan Symons, Renmark Financial
Communications Inc., Tel.: (514) 939-3989,
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