Thompson Creek Announces Executive Management Promotion and Key New Hire
NYSE: TC
TSX: TCM, TCM.WT
TSX-V: TRX.WT
DENVER, CO, Oct.
3, 2011 /CNW/ - Thompson Creek Metals Company Inc.
(the
"Company" or "Thompson Creek"), a growing, diversified North American
mining company, today announced that effective September 14, 2011, Wes
Carson, Manager Operations Development for the Companys Mt.
Milligan
copper-gold project, was promoted to Vice President and General
Manager, Mt.
Milligan. The Company also announced that effective
September 26, 2011, Darryl McCoy joined the Company as Vice President,
Supply Chain.
Mr.
Carson brings 11 years of progressive mining leadership experience
to Thompson Creek. Prior to joining the Company in 2010, Mr.
Carson
held various positions within the mining industry, including Director
of Mining for Terrane Metals Corp., as well as roles with Barrick
Tanzania, Placer Dome (Canada), Elk Valley Coal Corporation, and
Cominco Metals Ltd.
Mr.
Carson will report directly to Todd Roth, Vice
President, Operations and Technical Services.
"Mr.
Carson has been instrumental in the development of the operations
plan for the Mt.
Milligan copper-gold project and his promotion is very
much deserved," said Scott Shellhaas, President and Chief Operating
Officer of Thompson Creek.
Mr.
Carson holds a Bachelor of Applied Science in Mining and Mineral
Processing from the University of British Columbia. He is also a
registered Professional Engineer with the Association of Professional
Engineers and Geoscientists of B.C.
and a member of the Canadian
Institute of Mining and Association for Mineral Exploration in B.C.
Darryl McCoy joins Thompson Creek with more than 26 years of progressive
procurement and supply chain management experience. He will oversee
all areas of supply chain logistics, including procurement,
warehousing, materials, transportation, and associated procurement
contracts administration for the Company. Mr.
McCoy will report
directly to Pamela Saxton, Executive Vice President and Chief Financial
Officer.
"We are very pleased to welcome Mr.
McCoy to our management team and
look forward to working with him," said Ms.
Saxton.
Prior to joining the Company, Mr.
McCoy was Senior Director, Global
Supply Chain for Kinross Gold Corporation, Director, Global Supply
Management for MDS Inc., and a consultant with Deloitte Consulting,
working on major supply chain projects for a North American-based
airline company, a major Canadian retail chain, and a national courier
service, among others. Mr.
McCoy served in the Canadian Armed Forces
from 1985 through 1995 as an Army Operations Officer for NATO and the
United Nations.
Mr.
McCoy holds a Master of Business Administration degree from The
University of Western Ontario and a Bachelor of Business Administration
degree with an emphasis in Finance from Bishops University in Quebec.
About Thompson Creek Metals Company Inc.
Thompson Creek Metals Company Inc.
is a growing, diversified North
American mining company. The Company produces molybdenum at its
100%-owned Thompson Creek Mine in Idaho and Langeloth Metallurgical
Facility in Pennsylvania and its 75%-owned Endako Mine in northern
British Columbia. The Company is also in the process of constructing
the Mt.
Milligan copper-gold mine in central British Columbia, which is
expected to commence production in 2013. The Companys development
projects include the Berg copper-molybdenum-silver property and the
Davidson molybdenum property, both located in central British
Columbia. Thompson Creek has approximately 970 employees. Its
principal executive office is in Denver, Colorado and its Canadian
administrative office is in Vancouver, British Columbia. More
information is available at www.thompsoncreekmetals.com.
Cautionary Note to U.S.
Investors
This news release uses the terms "measured," "indicated" and "inferred"
resources. U.S.
investors are advised that, while such terms are
recognized and required by Canadian regulations, the U.S.
Securities
and Exchange Commission does not recognize them. U.S.
investors are
cautioned not to assume that all or any part of measured, indicated or
inferred mineral resources will ever be converted into mineral
reserves. U.S.
investors should refer to Thompson Creeks current
Annual Report on Form 10-K, which is available on EDGAR at www.sec.gov,
and subsequent continuous disclosure documents available at www.sec.gov for further information on mineral reserves and mineral resources,
which is subject to the qualifications and notes set forth therein.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this news release (including information
incorporated by reference) are forward-looking statements" within the
meaning of the United States Private Securities Litigation Reform Act
of 1995, Section 27A of the Securities Act of 1933, Section 21E of the
Securities Exchange Act of 1934 and applicable Canadian securities
legislation. These forward-looking statements generally are identified
by the words "believe," "project," "expect," "anticipate," "estimate,"
"intend," "strategy," "future," "opportunity," "plan," "may," "should,"
"will," "would," "will be," "will continue," "will likely result," and
similar expressions. Our forward looking statements include, without
limitation: estimates of mineral reserves and resources, including
estimated mine life and annual production; uncertainties related to
feasibility studies that provide estimates of expected or anticipated
costs, expenditures and economic returns from a mining project;
statements as to the projected development of the Endako mill
expansion including statements regarding the associated costs and
expected production commencement dates; estimates as to commodity
prices; estimates of future production costs and other expenses for
operations; estimates of future mineral production and sales;
statements with respect to the future financial or operating
performance of Thompson Creek or its subsidiaries and its projects;
statements with respect to the costs and timing of future exploration
projects and the development of new deposits; and statements as to
Thompson Creeks ability to achieve its expected growth strategy.
Where we express an expectation or belief as to future events or
results, such expectation or belief is expressed in good faith and
believed to have a reasonable basis. However, our forward-looking
statements are based on current expectations and assumptions that are
subject to risks and uncertainties which may cause actual results to
differ materially from future results expressed, projected or implied
by those forward-looking statements. Important factors that could
cause actual results and events to differ from those described in such
forward-looking statements can be found in the section entitled Risk
Factors in Thompson Creeks Annual Report on Form 10-K, Quarterly
Reports on Form 10-Q and other documents filed on EDGAR at www.sec.gov and on SEDAR at www.sedar.com. Although we have attempted to identify those factors that could cause
actual results or events to differ from those described in such
forward-looking statements, there may be other factors that cause
results or events to differ from those anticipated, estimated or
intended. Many of these factors are beyond TCMs ability to control or
predict. Given these uncertainties, the reader is cautioned not to
place undue reliance on our forward-looking statements. We undertake
no obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events, or
otherwise.