Malaga Announces Changes in Senior Management as it Prepares to Expand Its Mining Activities in Peru

Malaga (TSX:MLG) has announced that it has appointed Pierre Monet as President and Joey Trombino as Vice-President and Chief Financial Officer.

The press release is quoted as saying:

 Before this appointment, Pierre Monet was Vice-President and Chief Financial Officer since 2007, during which time he helped restructure Malaga, spin off Dynacor Gold Mines, negotiate a long-term contract with a major tungsten user and arrange debt and equity financings. M. Monet has close to 15 years of experience in the resources industry, 10 of which were at Iron Ore Company of Canada, a subsidiary of Rio Tinto, and at Alliance Forest Products. He is an experienced finance professional who has managed large acquisition, restructuring and financing projects for public and private companies. Mr. Monet has been a member of the Chartered Institute of Canadian Accountants since 1986.

Jean Martineau, CEO and Chairman of the Board, says:

“These senior management changes are being instituted at a turning point in Malaga’s growth. Our tungsten production capacity now reaches a record level, but there are more improvements to make in terms of production in light of future expansion. Exploration of the property will also become more and more important in the coming year. With the appointments of Pierre Monet and Joey Trombino and my involvement in strategic development axes and special projects such as the start of a second phase of hydropower development at the Pasto Bueno mine, the Company should be in a position to reach another level in its development”

To access the full release, click here.