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PROFESSIONAL EXPERIENCE


UNION HILL PARTNERS 1997 – Present
Managing Director – Mine Development and Founding Partner.
Toronto, Ontario & Denver, Colorado.    

With three other individuals, formed a small multidisciplinary management/investment group to provide financial and management advice, support to business startups, turnaround management, and interim executive services. Activities have been global in scope, spanning Europe, Central Asia, and Central America.

o    Formulated business concept and developed business plan for Internet based mining MRO information provider. Test marketed concept. Completed initial offering documentation. Raised $US22 million in IPO. Provided company management services during startup.

o    Successfully completed convertible debit financing for junior mining company with property district scale holdings in Central Asia.

o    Developed business plan, execution strategy and test marketed global mining investment (late stage exploration and development) private equity fund.

o    Developed opportunity database. Identified, reviewed, and prioritized more than 700 global mining investment opportunities. Established and maintained contact with most significant 10 to 20 opportunities.

o    Executed management contract with a faltering multinational mining company including board participation, strategic planning, structured financing, and interim executive management services.

Union Hill projects have included founding NRX Global Corporation and provision of management services to Greenstone Resources Ltd.


NRX GLOBAL CORPORATION AND NRX GLOBAL (USA) CORPORATION     2000 – 2001
Founding Shareholder, Director, Chief Operating Officer, Vice President
Denver, Colorado.    

Formulated and implemented a strategy creating a global e-business: an Internet-based, end-to-end solution for mining Maintenance-Repair-Operations (“MRO”) information management. I have provided mining specific operating and economic input to strategic plans, documented best practices in mine maintenance and inventory management, provided deep industry experience to product/software developers and led the effort to develop a professional services offering through acquisition and organic growth. Company is based in Toronto with offices in London, Brisbane, and Denver.

o    Identified opportunity and completed acquisition of a small niche company offering maintenance docu-ment management and inventory analysis expertise for large materials handling systems.

o    Built up integrated professional value added services offering, including physical equipment audits, strategic inventory analysis, working capital assessment, and consolidation of MRO content into a single point source for new and existing fixed plant operations for mining and power generating facilities.

o    Recruited experienced individuals for the professional services team, filling roles of project management, content management, data collection, data entry, mechanical and materials handling engineering, and physical equipment audits.

o    Defined marketing strategy and pursued business development in the mining industry while systematically expanding into the power generating industry, broadening client base and filling prospect pipeline. Negotiated final scope of work and closed the first two professional service demonstration contracts worth about $500,000, the company’s first revenue stream.

The Company has continued rapid growth in an adverse business environment while sustaining market capitalization at greater than $US50 million one year after IPO. Staff has grown from six active founders to more than sixty employees. Client and sales prospect base has grown to include several Fortune 500 companies.


GREENSTONE RESOURCES LTD. 1999
President & CEO, Director. Toronto, Ontario.        

I was seconded by Union Hill to serve as Interim Chairman, President, and CEO of troubled gold producing company experiencing severe liquidity constraints and major operating challenges at its four operations in Central America. Under direction of a special committee of the board, I completed a detailed business and technical assessment, and subsequently implemented a three-pronged workout plan to improve asset performance and utilization, execute a variety of financing initiatives, and restructure balance sheet while maintaining proactive stakeholder communications. Within six months we achieved significant results including:

o    Turnaround of failing operation, doubling production at an existing heap leach gold mine to a level of 105,000 oz/year while reducing cash cost from more than $US300/oz to $US201/oz, a 33% reduction.

o    Completed construction and startup of an 18,000 tons/day, 120,000 oz/year open-pit heap leach gold mine, where better than targeted operating costs of $180/oz were achieved within three months of startup.

o    Divested failing remote underground mine eliminating $US6 million of contingent liabilities from the balance sheet.

o    Executed strategy and negotiations gaining approval from Nicaraguan state officials allowing sale of units of a production royalty.

o    Directed successful public relations campaign to regain the confidence of shareholders, bankers, bond owners, and trade accounts backed with demonstrated results and clear-forthright communication.

o    Restructured administrative group by decentralizing key support roles to the operating level, resulting in a 5% overhead work force reduction.

The turnaround campaign increased company-wide gold production from less than 5,000 oz/month from four operations, to a credible budgeted level of more than 17,000 oz/month, from only two mines with the average unit cash cost dropping 34% from $US288/oz to less than $US190/oz. Also, successfully eased credit limitations on trade accounts and renegotiated revolving debit covenants providing additional operating flexibility. Initiated discussion with bond holders aimed at recapitalization of the company, converting $US200 million of debt to equity.


KINROSS GOLD CORPORATION (AND PREDECESSOR PLEXUS RESOURCES CORPORATION)    1991 – 1997
Senior Vice President – Technical Services and Project Development. Toronto, Ontario    1996 – 1997
General Director – ZAO Kamgold. Petropavlovsk-Kamchatsky, Russia & Toronto, Ontario. 1996 – 1997
Vice President – Technical Services. Toronto, Ontario. 1994 – 1996
Vice President – Kinross Gold (USA) Inc. Salt Lake City, Utah. 1991 – 1997

Within an overall strategy of rapid acquisition and production buildup: I managed the technical services group; evaluated the feasibility of new projects; directed mineral process engineering and mine design, EPCM at new mines; provided technical support for financing activities; managed corporate matters at four company owned surface mines and joint ventures; and completed due diligence for acquisitions. Activities spanned North America, Latin America, and the Former Soviet Union including Central Asia and the Russian Far East.

o    Reengineered and directed turnaround of a 100,000 tons/day surface heap-leach silver mine; simplified mine plan, expanded reserves; negotiated surface mining contract, recruited senior staff; resulting in profitable 5 million oz/yr silver production at a cash cost of less than $US3.60 per oz.

o    Designed and implemented environmental policy including audit, compliance management, and permitting standards; sustained full compliance with no violations within six months.

o    Directed the successful completion of environmental assessment studies in California, Nevada, Oregon, British Columbia, El Salvador, and Kamchatka.

o    Conducted due diligence review of several major global acquisition opportunities, resulting in the acquisi-tion of seven mines for $US171 million and four late stage development projects for $US34 million.

o    Completed engineering design, construction, and commissioned new 1,000 tons/day CIL mill and surface mine in central British Columbia for a total cost of $Cdn17 million while experiencing harsh winter conditions.

o    Formalized the financial, organization, and management structure for a Russian joint stock company. Recruited and developed in-country management team comprised of key Russian and expatriate employees. Designed 500 tons/day bonanza grade underground gold mine and metallurgical process facility.

o    Negotiated operating and JV management agreements with the single largest valued at $US70 million.

Gold production grew twenty-fold, from approximately 25,000 oz/year in 1991 to an annual rate of more than 550,000 oz/year in 1997. During the same period, the Company was able to raise more than $US250 million while the share price increased from less than $US0.45 to more than $US10.00, creating nearly $US1 billion of new shareholder wealth and a gross IRR for initial investors of 87%. In recognition for my contribution towards the development of a new core business in Russia, I was promoted to Senior Vice President.


WESTERN STATES MINERALS CORPORATION 1983 – 1991
Engineering Manager. Wheat Ridge, Colorado. 1985 – 1991
Mine Superintendent and Engineering Supervisor – Goldstrike Mine. Elko, Nevada.    1983 – 1985

As senior operations and engineering manager of a three man executive committee reporting to the President, I directed all facets of exploration, corporate development, acquisitions, asset divestiture, project construction and startup operations, and operation of six mines during period of rapid growth and strategic asset divestiture.

o    Coordinated value added initiative to buildup, document, selectively market, and divest Company’s assets including seven mines and advanced stage projects, realizing proceeds of nearly $US150 million.

o    Built and commissioned four heap-leach gold mines with rated production capacities of 35,000 oz/year to 90,000 oz/year in five years, all within aggressive time and budget constraints.

o    Expanded reserves by 20 fold in three years through acquisition and exploration discovery at a nominal cost of less than $US4.00 per incremental ounce.

o    Directed turnaround at failing surface gold mine, achieving cash operating costs of $US50/oz, a cost reduction of 600%. Established project as an industry showplace of efficient small mine operation.

o    Managed site activities leading to the discovery and initial commercialization of the Post Deposit and the Goldstrike Mine, bootstrapping production from about 25,000 oz/year to more than 90,000 oz/yr with less than $US500,000 invested. Aggressively maintained zero accident rate operating record with no MSHA citations.

o    Acquired and revitalized inactive heap-leach gold mine at a total cost of less than $US5 million. Operated mine at an elevation of 9,000 feet and temperature extremes of -45˚ F, producing 45,000 ounces in the first year of production. Paid back capital investment and acquisition cost in six months.

In three years gold production grew from less than 25,000 oz/year to more than 125,000 oz/year. Principal operation sold in 1986, with gross IRR attributed to the Company exceeding 250% at divestiture. More than $US150M contributed to parent 1985 through 1989.


EARLY CAREER POSITIONS


NORANDA MINING INCORPORATED 1980 – 1982
Senior Project Engineer – Ontario Mine. Responsible for shaft design and sinking, underground level devel-opment, ventilation of mine with high radon levels, ground support design, and reserve expansion.

EARTH RESOURCES COMPANY     1976 – 1980
Project Engineer. Completed a detailed feasibility study and engineering design for limestone development project. Directed copper mine reclamation activities. Staked claims.
Chief Mine Engineer – DeLamar Silver Mine. Principal mining engineer at newly constructed surface mine. Established engineering policies and procedures, hired staff, completed short and long range mine plans, and implemented operating controls. Owner’s representative for tailings dam design and construction.

DRAVO CORPORATION 1974 – 1976
Mining Engineer. Completed bankable feasibility studies for coal, industrial minerals, and precious metal projects. Conducted field research and co-authored Bureau of Mines report on mechanization for underground thin vein mining. Managed coal reserve definition and geotechnical assessment program.


EDUCATION

    
University of Idaho, College of Mines

B. S. Geology 1972
Special emphasis in Mathematics

M. S. Mining Engineering 1974    
Minor in Geology    

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