Los Andes Copper Ltd. (TSXV:LA) (“Los Andes”, or the “Company”) is pleased to announce the appointment of Mr Ricardo Palma C. as Vice President of Development for the Company as well as Executive President for Compañia Minera Vizcachitas Holding, Los Andes’s operating subsidiary in Chile.
Mr Palma is a Mining Engineer with over 40 years experience. Prior to Los Andes, he was General Manager (Division CEO) of Codelco’s Andina Division, which is located in the same region as Vizcachitas. Before joining Andina, Mr Palma was the Country Manager in Chile for Yamana Gold, and worked on Barrick Gold’s Pascua-Lama and Veladero projects. He also worked on Cia Minera Dona Ines de Collahuasi, the joint venture controlled by Glencore and Anglo American, where he was tasked with completing construction, commissioning and running of the original project.
Antony Amberg, President and CEO of Los Andes, commented:
“We are pleased to welcome Ricardo to Los Andes as its Vice President of Development and Executive President of Compañia Minera Vizcachitas Holding.
“Mr Palma brings significant expertise to the Company as Los Andes transitions to the development phase of its Vizcachitas project. He has extensive relevant experience and has worked on many of the largest copper projects in the world, and in South America. His knowledge and track record in design, construction and operation of copper and gold projects, considerably strengthens the management team on the ground.
“We look forward to working with him as we take the Vizcachitas project forward.”
For more information please contact:
Antony J. Amberg, President & CEO
Tel: +56 2 2954-0450
Aurora Davidson, CFO
E-Mail: [email protected] or visit our website at: www.losandescopper.com
Certain of the information and statements contained herein that are not historical facts, constitute “forward-looking information” within the meaning of the Securities Act (British Columbia), Securities Act (Ontario) and the Securities Act (Alberta) (“Forward-Looking Information”). Forward-Looking Information is often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend”; statements that an event or result is “due” on or “may”, “will”, “should”, “could”, or might” occur or be achieved; and, other similar expressions. More specifically, Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such Forward-Looking Information; including, without limitation, the achievement and maintenance of planned production rates, the evolving legal and political policies of Chile, the volatility in the Chilean economy, military unrest or terrorist actions, metal and energy price fluctuations, favourable governmental relations, the availability of financing for activities when required and on acceptable terms, the estimation of mineral resources and reserves, current and future environmental and regulatory requirements, the availability and timely receipt of permits, approvals and licenses, industrial or environmental accidents, equipment breakdowns, availability of and competition for future acquisition opportunities, availability and cost of insurance, labour disputes, land claims, the inherent uncertainty of production and cost estimates, currency fluctuations, expectations and beliefs of management and other risks and uncertainties, including those described in Management’s Discussion and Analysis in the Company’s financial statements. Such Forward-Looking Information is based upon the Company’s assumptions regarding global and Chilean economic, political and market conditions and the price of metals and energy, and the Company’s production. Among the factors that have a direct bearing on the Company’s future results of operations and financial conditions are changes in project parameters as plans continue to be refined, a change in government policies, competition, currency fluctuations and restrictions and technological changes, among other things. Should one or more of any of the aforementioned risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from any conclusions, forecasts or projections described in the Forward-Looking Information. Accordingly, readers are advised not to place undue reliance on Forward-Looking Information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise Forward-Looking Information, whether as a result of new information, future events or otherwise.
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