VANCOUVER, Sept. 18, 2012 /CNW/ - Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) "Monument" or the "Company" is pleased to announce it has appointed Mr. Todd Dahlman as Chief Operating Officer, along with other additional key professionals. All new positions are Malaysian based and will focus on the recently expanded Selinsing Gold Mine as well as on developing the Mengapur polymetalic project.
Todd Dahlman is a 25-year mining industry veteran with U.S. and international experience ranging across engineering, technical, maintenance, business improvement and mine operations. He has working experience in copper, molybdenum, gold, and oil sands mining as well as copper/molybdenum/gold plant operations with several mining companies including Montana Resources, Rio Tinto, Freeport-McMoRan, and Shell Canada. Todd holds a Bachelor of Science in Mining Engineering from the Montana School of Mineral Science and Technology (Montana Tech) and a Masters of Business Administration from the University of Utah's David Eccles School of Business.
"I am very pleased to welcome Todd to join Monument's senior management team at this important stage when Company moves forward to manage and develop multiple projects in Malaysia including the Mengapur polymetalic project," remarked Robert Baldock, President and CEO of Monument Mining: "Todd's management experience in planning and implementing mining, exploration and production operation programs, combined with his technical and business training, provide an excellent perspective from which to improve our effectiveness and efficiency of operations".
Other key technical professionals were recently recruited by the Company including: Ian Dunlop, General Processing Plant Manager, and John Shaw-Walker, General Security Manager.
Ian Dunlop has over 35 years' experience with process plant design, construction and operation, metallurgy test work, and plant and mine management. Prior to joining Monument he was Process Plant Manager at Kinross Gold's Chirano Gold Mine in Ghana, West Africa. Previously he held senior positions with AMMTEC (Australian Metallurgical & Mineral Testing Consultants) Ltd. and at Western Mining Corporation's Hill 50 Gold Mine. Ian Dunlop holds a Bachelor of Applied Science in Applied Chemistry.
John Shaw-Walker has 34 years' experience in policing and mining security with expertise in all facets of security, surveillance, investigations and emergency response. For the past 18 years he worked in diamond, gold and iron ore mines with CITIC Pacific Mining, MCC Mining, Argyle Diamonds and various mining companies within the Goldfields area of Western Australia. Previously Mr. Shaw-Walker was a sworn officer with the Western Australia Police Service for 16 years.
Mr. Baldock commented: "Monument continues to invest in key technical management. Ian's wealth of metallurgical and processing plant experience is indispensable for fine tuning the Selinsing process plant, improving gold recovery, and contributing to determining process design at Mengapur. John's expertise with securing diamonds and gold, along with his solid police background will be instrumental in designing, enhancing and maintaining security programs at our Selinsing Mine and the Mengapur mine site".
The Company has also hired a site Controller and other technical support staff to enhance its professional team at its Malaysia site.
Monument Mining Limited (TSX-V:MMY, FSE:D7Q1) is an established Canadian gold producer that owns and operates the Selinsing Gold Mine in Malaysia, with production cash costs among the lowest in the world. Its experienced management team is committed to growth and is advancing several exploration and development projects in Malaysia, including the feasibility stage, Mengapur Polymetalic Project. The Company employs 260 people in Malaysia and is committed to the highest standards of environmental management, social responsibility, and health and safety for its employees and neighboring communities.
Robert F. Baldock, President and CEO
Monument Mining Limited
Suite 910- 688 West Hastings Street
Vancouver B.C. Canada V6B 1P1
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
This news release contains forward-looking statements about Monument Mining Limited ("Monument"), its business and future plans. Forward-looking statements are statements that are not historical facts and include the timing of the proposed programs and events. The forward-looking statements in this news release are subject to various risks, uncertainties and other factors that could cause actual results or achievements to differ materially from those expressed or implied by the forward-looking statements. These risks and certain other factors include, without limitation, the estimated cash cost per ounce of gold production and the estimated cash flows which may be generated from the operations, general economic factors and other factors that may be beyond the control of Monument; statements regarding the future price of gold; the estimation of mineral resources; conclusions of economic evaluation (including scoping studies); the realization of mineral resource estimates; the timing and amount of estimated future production, development and exploration; costs of future activities; capital and operating expenditures; success of exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations; and environmental risks. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or 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 information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; foreign operations risks; other risks inherent in the mining industry and other risks described in the annual information form of the Company, which is available under the profile of the Company on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
SOURCE: Monument Mining Limited
For further information:
visit the company web site at www.monumentmining.com or contact:
Nick Kohlmann, MMY Toronto
Richard Cushing, MMY Vancouver
T: +1-604-638-1661 x102
Wolfgang Seybold, Axino AG-Europe
T: +49 711-2535-92 40