Glencore Senior Executive Peter Freyberg Named to PolyMet Board
July 31 2019 - 4:32PM
Business Wire
PolyMet Mining Corp. (“PolyMet” or the “company”) TSX: POM; NYSE
American: PLM – today announced the appointment of Glencore senior
executive Peter C. Freyberg to the board of directors.
Mr. Freyberg, a 40-year mining veteran, currently serves as the
head of industrial assets for Glencore. His is one of three
Glencore seats on the board.
“We are delighted to have the deep, global level of mining
experience Mr. Freyberg brings to the board,” said Ian Forrest,
chairman. “Mr. Freyberg’s operating background and leadership
capabilities for both project and operations will be of
considerable benefit as we advance the NorthMet Project through
financing and into construction and operations.”
Mr. Freyberg’s career has centered on mining operations and
projects, working first at Anglo American Corporation in South
Africa, followed by leadership positions at Rio Tinto operations in
Indonesia, Australia and South America. He joined the Glencore coal
assets business in 2000 and transferred to Xstrata in 2002 when
Glencore sold its coal assets to Xstrata. He became Chief Executive
of Xstrata Coal in 2008 and rejoined Glencore in 2013 when Glencore
merged with Xstrata. He was appointed to his current position
earlier this year. Mr. Freyberg holds a degree in mining
engineering from the University of Witwatersrand, Johannesburg,
South Africa.
“I am very pleased to be joining the board of PolyMet,” said Mr.
Freyberg. “I have watched the continued progress of the NorthMet
project for some time and look forward to working with the board as
PolyMet moves forward to construct and operate the first
copper-nickel mine in Minnesota.”
The company also announced today that Mike Ciricillo will step
down from the board effective immediately. Mr. Ciricillo had served
on the board since July 2017. “We are grateful for the insightful
guidance which Mr. Ciricillo’s operational experience contributed
to the board during two years of exceptional progress for the
company,” said Forrest.
About PolyMet PolyMet Mining Corp.
(www.polymetmining.com) is a publicly traded mine development
company that owns 100 percent of Poly Met Mining, Inc., a Minnesota
corporation that controls 100 percent of the NorthMet
copper-nickel-precious metals ore body through a long-term lease,
and owns 100 percent of the former LTV Steel Mining Company
processing facility, located approximately seven rail miles from
the ore body in the established mining district of the Mesabi Iron
Range in northeastern Minnesota. Poly Met Mining, Inc. has
completed its Definitive Feasibility Study and received all permits
necessary to construct and operate the NorthMet Project. NorthMet
is expected to require approximately two million hours of
construction labor, create approximately 360 long-term jobs
directly, and generate a level of activity that will have a
significant multiplier effect in the local economy.
PolyMet Disclosures This news release contains certain
forward-looking statements concerning anticipated developments in
PolyMet’s operations in the future. Forward-looking statements are
frequently, but not always, identified by words such as “expects,”
“anticipates,” “believes,” “intends,” “estimates,” “potential,”
“possible,” “projects,” “plans,” and similar expressions, or
statements that events, conditions or results “will,” “may,”
“could,” or “should” occur or be achieved or their negatives or
other comparable words. These forward-looking statements may
include statements regarding the ability to receive environmental
and operating permits, job creation, and the effect on the local
economy, or other statements that are not a statement of fact.
Forward-looking statements address future events and conditions and
therefore involve inherent known and unknown risks and
uncertainties. Actual results may differ materially from those in
the forward-looking statements due to risks facing PolyMet or due
to actual facts differing from the assumptions underlying its
predictions.
PolyMet’s forward-looking statements are based on the beliefs,
expectations and opinions of management on the date the statements
are made, and PolyMet does not assume any obligation to update
forward-looking statements if circumstances or management’s
beliefs, expectations and opinions should change.
Specific reference is made to risk factors and other
considerations underlying forward-looking statements discussed in
PolyMet’s most recent Annual Report on Form 40-F for the fiscal
year ended December 31, 2018, and in our other filings with
Canadian securities authorities and the U.S. Securities and
Exchange Commission.
The Annual Report on Form 40-F also contains the company’s
mineral resource and other data as required under National
Instrument 43-101.
The TSX has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release.
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version on businesswire.com: https://www.businesswire.com/news/home/20190731006024/en/
Media Bruce Richardson, Corporate Communications Tel: +1
(651) 389-4111 brichardson@polymetmining.com
Investor Relations Tony Gikas, Investor Relations Tel: +1
(651) 389-4110 investorrelations@polymetmining.com
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