BDR 0.00% 6.5¢ beadell resources limited

News: BDR Beadell Resources Announces Board Restructuring and Mining Contract

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    July 16 (Reuters) - Beadell Resources Ltd (BDR) :

    • SIMON JACKSON, CEO AND MANAGING DIRECTOR TO STEP DOWN
    • NICOLE ADSHEAD-BELL APPOINTED CEO AND MANAGING DIRECTOR; BRANT HINZE ASSUMED ROLE OF CHAIRMAN
    • EXECUTED LOM MINING CONTRACT WITH U&M MINERAÇÃO E CONSTRUÇÃO S/A (U&M)
    • CONTRACT EXPECTED TO RESULT IN US$100 MILLION REDUCTION IN LOM MINING COSTS
    • CRAIG READHEAD STEPPED DOWN FROM HIS ROLE AS CHAIRMAN BUT WILL REMAIN A NON-EXECUTIVE DIRECTOR
    • EXIT OF MACA CONTRACT RESULTING IN ABOUT US$1 MILLION PER YEAR IN CONTRACT ADMINISTRATION SAVINGS
 
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