VANCOUVER, British Columbia, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Macarthur Minerals Limited (TSX-V: MMS) (ASX: MIO) (the “Company” or “Macarthur”) is pleased to announce the appointment of Mr Jonghyun (Richard) Moon as General Manager, International Sales and Marketing effective immediately. 

Mr Moon brings a wealth of experience with a career of over 20 years in the resources industry, including executive positions with Glencore International AG, POSCO, and as a senior executive with Hyundai Steel where he assumed the role of Chief Representative for Hyundai Steel Company of Australia between 2013 and 2017.

Mr Moon is highly experienced in international iron ore and commodities sales, marketing and mining investment.

In his capacity as International Sales & Marketing General Manager, Mr Moon’s top priority will be to work with Management and the Board to identify and develop opportunities for potential strategic partners to help deliver Macarthur’s Lake Giles Iron Project in tandem with the Company’s broader project funding strategies. 

Mr Moon will spearhead this function from Seoul, Korea where the Company will establish an office, but has plans to integrate directly into the Company’s Management team at its headquarters in Brisbane, Australia as soon as Covid-19 travel restrictions will allow that to occur.

Mr Moon holds a Bachelor of Commerce, Yeungnam University, Korea and a Master of Arts in Asian Studies, University of Birmingham, United Kingdom.

Cameron McCall, President and Executive Chairman of Macarthur Minerals commented: “We are delighted to have Richard join the Macarthur team as he brings a unique perspective through his extensive global experience in the steel industry.  Richard joins us at a crucial time in our growth cycle as we progress the Lake Giles Iron Project towards production.  On behalf of the Board of Directors and myself, we extend a warm welcome to Richard where he will be an invaluable asset to Macarthur.”

On behalf of the Board of Directors, Mr Cameron McCall, Executive Chairman

For more information please contact:

Joe Phillips
CEO & Director
+61 7 3221 1796
communications@macarthurminerals.com