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From: B-Haile (eritrea.lave@comhem.se)
Date: Mon Dec 20 2010 - 03:55:28 EST
South Boulder Mines Ltd
ASX Release 20 December 2010
SOUTH BOULDER APPOINTS ADDITIONAL POTASH EXPERIENCE
South Boulder Mines Limited (ASX: STB) is pleased to announce the appointment of experienced potash executive Dr Chris Gilchrist to the management team.
Dr Gilchrist has over 30 years' experience in the mining industry and is a highly regarded mineral engineer and senior executive.
His expertise covers all facets of the mining life cycle including exploration, feasibility, mineral processing, capital raising, contract negotiation, project management, ramp-up, operations and mine closure.
His particularly relevant experience includes the position of General Manager/Operations Director for Cleveland Potash Limited in the U.K. from 1998-2004.
He was responsible for the entire 2mt operation which included 2 processing plants, a 22MW CHP power station, private railway and deep water port facility.
Additional to that, once the operations were acquired by Israel Chemicals in 2002 he was appointed Chairman of the Potash Technical Forum which was responsible for all the group's operations in Israel, Spain and the U.K.
Further to this experience, Dr Gilchrist has recent experience constructing a new mine in Mozambique as Chief Operations Director for Kenmare Resources Plc from 2004-2008 and worked as part of the executive management team for De Beers Consolidated Mines Ltd, South Africa from 1987-1998.
Dr Gilchrist will be a key part of the South Boulder feasibility team that is examining the economic viability of the Colluli Potash Project in Eritrea.
The project has the potential to become one of the world's largest suppliers of potash through the construction of an open pit mine and processing facility.
South Boulder welcomes this key appointment and looks forward to progressing the engineering scoping study over the March and June quarters.
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