Pan Asia secures a Noble man

THE senior vice-president of Noble International, Tim Gazzard, has been made a non-executive director of Pan Asia Corporation.

Staff Reporter

His appointment follows the announcement in March that Noble had taken a 5.3% equity stake in Pan Asia and been appointed strategic adviser on its TCM thermal coal project in South Kalimantan, Indonesia.

Gazzard is also head of Noble Group's Indonesia Energy coal business. He has more than 15 years of experience in commodities across all aspects of the supply chain.

Gazzard previously worked with Barclays Capital in their Mining & Metals Investment Banking team in London. Prior to that, he was a mining engineer with Thiess (and later STRACON) in Australia, Indonesia and Peru.

“We welcome Tim to the team. His expertise will be of huge value to the company as we move closer to development of our flagship project,” Pan Asia chairman Domenic Martino said.

Pan Asia has completed a positive base case feasibility study on the southern half of the TCM project, but is currently planning the upgrade of the feasibility study following the upgrade of the JORC resource.

Pan Asia is seeking to secure all pre-production approvals for the underground project by the end of 2013 so that mine development can start. It said it was in discussions with a number of parties to secure funding for development works.

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