The Board of Titanium Resources Group Ltd is pleased to announce that it yesterday appointed Jan Castro and Michael Barton as Non-Executive Directors of the Company with immediate effect.
Mr. Castro is the Managing Director of Pala Investments AG, the exclusive advisor to Pala Investments Holdings Limited, a US$ 1.0 billion investment company focused on the mining and natural resources sector. As a long-term partner, Pala leverages its extensive mining and natural resources sector experience to provide strategic advice and innovative financing solutions.
Prior to founding Pala in July 2006, Mr. Castro was Senior Vice President of Investments and Corporate Affairs for Mechel OAO, where his primary responsibilities covered mergers and acquisitions, non-core asset disposals and investor and public relations. Mechel is a NYSE-listed company and one of Russia’s largest integrated mining and steel companies, focused on coal, iron ore, nickel and steel products, Mr. Castro was responsible for Mechel’s IPO in 2004.
Mr. Castro currently serves on the Boards of Anatolia Minerals Development Ltd, Avoca Resources Limited, Churchill Mining PLC and several private companies.
Mr. Castro received his J.D. and B.A. from Columbia University.
Mr. Barton is a finance professional who has worked in the natural resources sector for the duration of his career. He is currently Vice President at Pala Investments AG, the exclusive advisor to Pala Investments Holdings Limited, and prior to that was Vice President at Hatch Corporate Finance, a company specializing in providing corporate finance advisory services to the metals and mining industry. Mr. Barton currently serves on the boards of Dumas Contracting Ltd., Norcast Wear Solutions Limited and New Birmingham Inc.
Mr. Barton is a qualified chartered accountant and a member of the Securities and Investment Institute.
Wayne Malouf, Executive Chairman, said: “On behalf of my fellow directors I am delighted to welcome Jan Castro and Mike Barton to the Board of TRG. Their significant experience in the natural resources sector strengthens the Company, and we look forward to working with them to realize the full potential of TRG’s world-class asset.”