Altitude Resources (TSX VENTURE:ALI) has named coal industry veteran Gene Wusaty as President and CEO, effective Nov. 1.
Wusaty currently holds the position of Chairman of the Board of Altitude, a Canada-based coal mine development company, and was one of the founders of the company.
Wusaty is a mining engineer with over 35 years’ experience in a variety of technical, management and executive positions. Most recently he was Managing Director and CEO of Coalspur Mines Ltd., which is developing a large thermal coal project in Alberta, Canada. Wusaty’s background also includes COO at SouthGobi Energy Resources, President of Ivanhoe Coal, and COO at Grande Cache Coal. He has also worked in various management positions at Elk Valley Coal, Fording Coal and Quintette Coal.
The board of Altitude commented: “Gene’s experience in transitioning companies from the exploration stage through to development and operations is an ideal fit for Altitude. The Board is confident that under Gene’s leadership Altitude is well positioned to move its exploration projects forward over the next several years.”
The board thanked Andrew Wusaty who was one of the founders of Altitude and has been President and CEO since its inception in 2010. He led the company through the listing on the TSX and obtaining two coal mining development projects – Palisades and Elan. He will remain as a director and will act in a consulting position with the company.
Altitude is a new Canadian coking coal exploration and development company focused on a portfolio of coking coal properties in west-central Alberta. Altitude’s most advanced property, the Palisades Coal Project, is located about 12 kilometers from CN rail, which has the capacity to provide transport of coal to deep-water ports on the west coast of Canada to service growing demand from Pacific Rim markets.