Alta Copper Corp T.ATCU

ALTA COPPER CORP ONBOARDS EXPERTISE FROM FORTESCUE METALS

[bigmoney14]

The strategic plan has been set in motion to advance the Canariaco project. 

When a top-level executive from Fortescue Metals, Andrew Hamilton, joins Alta Copper's board of directors and not a junior executive, you know that they are serious about development. 

Andrew Hamilton was instrumental in the $2.6 Billion (USD) Iron Bridge Magnetite Project for Fortescue which was highly complex. Fortescue celebrated their first production of magnetite steelmaking at Iron Bridge in May 2023.

This is yet another clear and very bullish signal for Alta Copper Corp. that Andrew "Twiggy" Forrest, the owner of $60 billion Fortescue Metals wants copper and they want Canariaco to produce it with the highest level of social and economic standards.


Alta Copper Appoints Andrew Hamilton to the Board of Directors


VANCOUVER, British Columbia, July 10, 2023 (GLOBE NEWSWIRE) -- Alta Copper Corp. (TSX: ATCU; OTCQX: ATCUF; BVL: ATCU) (“Alta Copper” or the “Company”) announces the appointment of Mr. Andrew Hamilton as a director of the Company.

“We are pleased to announce the appointment of Andrew Hamilton to the Board of Directors of Alta Copper. Andrew’s wealth of experience in construction, completion and commissioning of major projects will prove invaluable as we move to the next stage of development for our 100% owned Caariaco advanced staged copper project,” commented Giulio T. Bonifacio, Executive Chair of Alta Copper.

Mr. Andrew Hamilton is Technical Director of Fortescue Metals with the Corporate Strategy Team. He is a Mechanical Engineer, BEng. (Mech) from the University of South Australia while also being a graduate of Australian Institute of Company Directors and a Fellow of the Australian Institute of Mining and Metallurgy. His current role also includes managing and reviewing critical metals project opportunities. Over his career, Mr. Hamilton has spent significant time in senior management and directorship roles, providing expertise in engineering, constructing, commissioning and ‘business delivery’ services to mining, building infrastructure and fleet management.

Mr. Hamilton joined Fortescue Metals in early 2008 to complete, commission and ramp up Fortescue’s first operational Cloudbreak mine, and later delivery of the site’s wet beneficiation and power station upgrades. Prior to this, Mr. Hamilton held Project Management and delivery roles at Project Magnet, South Australia, and managed the design of the African Minerals three stage Haematite & Magnetite development, delivering the first stage in West Africa. In 2011 Mr. Hamilton managed the delivery of the Wet Front End modifications to the Cloudbreak processing plant, followed by technical and design input to Christmas Creek processing operations. In late 2013, Mr. Hamilton commenced work on the Iron Bridge project leading to design, construction, commissioning, and delivery of the full-scale Stage 1 developmental plant within a 15-month period. Upon successful operation of Stage 1, Mr. Hamilton managed and delivered the Investment Decision report to the Fortescue Board in 2019, culminating in approval of the 22mtpa Iron Bridge Magnetite JV (“IBJV”) Project. Mr. Hamilton held various roles on the US$3.9bn IBJV project including Project Director and Technical Director.

[Buffet11]

There has never been any doubt that Fortescue was and still is very keen on this project. But the relevant question for us shareholders would be, does their plan and that of Alta Copper's board even care about us. At the end (Fortescue taking over Alta) what will be the price? If you look at the share price over the last year since GB took over as board chair, I doubt we are a part of the