Canada’s Cline Mining, which has an idled underground coal mine in Colorado, on Aug. 8 provided some management updates ahead of its annual general shareholders’ meeting to be held in Toronto, Ontario, on Aug. 15.
Dale Hendrick and Daniel Veniez have resigned and will not be standing for re-election at the meeting as directors of Cline. Mark Haywood has resigned as Chairman of the Board, and been appointed President and CEO. Also, the Board of Directors has appointed Sandra Rosch as the new board Chairman.
Haywood said: “We express our gratitude to Dale for his many years of service to Cline as its professional geologist residing on the Board. We also thank Dan for his contributions to Cline over the last few months during the initial restructuring phase of the Company, and welcome Sandra as our new Chairman of the Board of Directors as I now move to the CEO role after completing the primary restructuring goals.”
Management is also proposing that Rosch be added to the list of nominee directors to be considered by the shareholders at the meeting. She will be part of Cline’s management slate for election in the upcoming meeting.
Cline is a Canadian mining company focused on the maintenance and development of its 100% owned New Elk coking coal mine located in Colorado. The company also has interests in metallurgical steel making coals in Canada, an iron ore project in Madagascar, and the Cline Lake gold property in northern Ontario, Canada.
