Bumi executive appointed director at Mongolian exploration firm
Thursday, March 22 2012 - 03:33 AM WIB
Vancouver-based mineral exploration firm Undur Tolgoi Minerals (UTM) announced Wednesday that it has appointed Kenneth Farrell and Saruul Ganbaatar to the Company's board of directors.
Farrell, an Australian citizen, is the CEO of Bumi Resources Minerals, the largest publicly traded Indonesian mineral company. Farrell is also an Executive Director of Bumi Resources, Indonesia 's largest listed coal mining company.
Prior to joining Bumi Resources in 2002, Farrell worked for BHP Billiton for 21 years in various executive and managerial capacities in iron ore, transport, manganese and coal business units. He is a Member of the Institution of Engineers, Australia ; a Member of The Australasian Institute of Mining and Metallurgy and a Fellow of the Australian Institute of Company Directors .
UTM is a mineral exploration company entirely focused on Mongolia , and which through its wholly owned subsidiaries, owns 100% of the "Undur Tolgoi" mineral exploration license. This license consists of 9,620 hectares of property situated 100 kilometers from the world-scale "Oyu Tolgoi" copper and gold mine. In addition, UTM's management is actively reviewing potential acquisitions and strategic industry alliances.
Editing by David Mustakim