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Fortune Minerals Appoints Chief Operating Officer as it Prepares for Construction at the NICO Project
Fortune Minerals Appoints Chief Operating Officer as it Prepares for Construction at the N...
About this update from Fortune Minerals Limited
[{"type":"text","content":"\n\n\n\nFortune Minerals Appoints Chief Operating Officer as it Prepares for Construction at the NICO Project\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nLONDON, ON, June 21, 2017\n\n\n\nCompany also hires Supply Chain Manager & reports internal promotions\n\nIssued Capital: 300,085,257\n\n\n\nLONDON, ON, June 21, 2017 /CNW/ - Fortune Minerals Limited (TSX: FT) (OTCQX: FTMDF) (\"Fortune\" or the \"Company\") (www.fortuneminerals.com) is pleased to announce that Mr. Glen Koropchuk has been appointed to the position of Technical Director and Chief Operating Officer (\"COO\") to lead development of the NICO Cobalt-Gold-Bismuth-Copper Project. Mr. Koropchuk, who is also a director of the Company, has decades of global mineral industry experience, including more than 27 years within the Anglo American Plc (\"Anglo\") group of companies, most recently as COO of De Beers Canada Inc. His experience in Canada's North is particularly important to Fortune as it prepares to construct its vertically integrated NICO development, comprised of a mine, mill and concentrator in the Northwest Territories (\"NT\") and a related refinery near Saskatoon, Saskatchewan. NICO is one of the world's few near-term primary cobalt assets positioned to meet the growing demand for cobalt in lithium-ion batteries needed for transformative automotive electrification and stationary storage of power from the electrical grid. The NICO Mineral Reserves also contain 1.11 million ounces of gold and 12% of global bismuth reserves. \n\nLike our news? Click-to-Tweet.\n\nMahendra Naik, Chairman of Fortune Minerals Limited commented, \"Mr. Koropchuk's extensive mine development and operations knowledge from around the world, including his experience in Canada's North, will be pivotal to the Company as it prepares for construction and operations at the NICO Cobalt-Gold-Bismuth-Copper Project.\" \n\nGlen Koropchuk has a B.Sc. in Mining Engineering and a M.Sc. in Mineral Engineering from the University of Alberta. He joined Anglo in 1989 where he am...