VANCOUVER, Oct. 28, 2013 /CNW/ - Monument Mining Limited (TSXV: MMY)
(FSE: D7Q1) "Monument" or the "Company" today is pleased to announce
that Mr. Les Kwasik has been appointed as Executive General Manager,
Monument Malaysia Group effective October 25, 2013, resident in
Malaysia. He directly reports to Robert Baldock, President and CEO of
Monument Mining Limited.
Mr. Kwasik is known as a reputable successful general manager in the
mining industry and has over 40 years' hands-on experience in delivery
of operations success with discipline. He has a very impressive track
record in his previous assignments for developing and building
successful precious metal and base metal operating mines (copper,
nickel, gold and silver), achieving significant improvements in
production and making operations highly profitable including turning a
$380 million mine project into a $3.7 billion operation.
Mr. Kwasik has previously worked with INCO Limited Canada (VALE Canada
Limited), Xstrata Columbia, BE&K Group, Inter Invest Sp Company, NESMA
Company Saudi Arabia, Maple Minerals Corporation Canada and Archipelago
Resources Singapore and has included international postings in
Indonesia, Columbia, Russia, Poland, Eritrea and Australia in
leadership roles such as general manager and COO. Mr. Kwasik is an
industrial engineer and a graduate of the Opole University of
Technology in Poland. He holds B. Sc. in Industrial Electrotechnology
Engineering.
Mr. Kwasik's main responsibilities as Executive General Manager include
overall control and management of Malaysian operations (or other
regions such as Australia, or Canada should it be required in due
course). He will be responsible for a sustainable gold production at
the Selinsing Gold Mine and continuously increasing the gold inventory
through implementing successful exploration programs. The Company has a
large land bank of exploration property in the vicinity of Selinsing
that will provide potential growth prospective.
Additionally Mr. Kwasik will be responsible for developing the Mengapur
Polymetalic Project into a significant producing base metals mine,
including completion of the present R&D and flow sheet development
programs, preliminary mine development planning, construction,
commissioning and production of the process plant facilities, mine
infrastructure and mining operations, and associated exploration
programs.
Under direction of Mr. Baldock, Monument is aiming to expand its current
project pipeline from the Malaysia region into other regions including
Australia and Canada, when and if they are available, with a further
diversified other metals and mineral assets. Mr. Kwasik will play an
important role in this move to ensure project development and
operational excellence is implemented consistently through its
pipeline.
Robert Baldock stated "Les will make a significant difference to our
operations in Malaysia bringing a very impressive background in the
industry. His experience in increasing efficiency, expansion of
operations and supporting sustainable production while driving down
costs will be a great asset to the Monument Malaysia Group".
About Monument
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
development stage, Mengapur Polymetallic Project. The Company employs
330 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."
Forward-Looking Statement
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
