Newmont executive joins Gindalbie board

Gindalbie Metals has appointed senior Newmont Mining executive Tim Netscher as an independent non-executive director.

Mr Netscher is currently regional senior vice president Asia Pacific for Newmont Mining, the world's second largest gold producer.

Gindalbie's chairman George Jones said Mr Netscher was an excellent candidate to fulfill the role.

Mr Jones said Mr Netscher brings to the position an outstanding depth of experience at the most senior level of the international mining industry and broad-based corporate and operational experience which will be invaluable to the company.

See company statement below:

Gindalbie Metals Limited (ASX: GBG - "Gindalbie") is pleased to announce the appointment of senior international mining executive, Mr Tim Netscher, as an Independent Non-Executive Director, further strengthening its Board by providing additional independence and experience in corporate governance, corporate strategy in the resource sector as well as project development and management.

Mr Netscher is currently Regional Senior Vice President Asia Pacific for Newmont Mining Corporation, the world's second largest gold producer, a position he has held since 2009. In this role, he is responsible for six operating mines in three different countries.

He currently holds one other non-executive Board position as Non-Executive Director of the ASX-listed mining services and manufacturing group Industrea Limited.
Mr Netscher is a highly qualified and experienced international mining executive whose previous experience includes a period as Managing Director of Vale Australia, Senior Vice President and Chief Operating Officer of PT Inco, President, and Chief Operating Officer at QNI Pty Ltd (part of the BHP Billiton group) and Executive Director of Impala Platinum Limited.

He commenced his career in South Africa in 1973 with Impala Platinum, rising to the position of executive director responsible for Refining and Business development activities. He was transferred to Australia in 1997 as Billiton's Project Director, Business Development and Exploration thereafter becoming General Manager, Corporate Development for Billiton's Nickel Division.

Mr Netscher has broad-based experience at senior level in the international mining industry, having successfully operated in several different companies in roles spanning marketing, operations management, project management and business development. He has a proven track record of developing and delivering innovative strategies and is experienced in public company board and governance issues.

He is currently a Director of The Minerals Council of Australia, was previously Executive Director of three different publicly listed companies and holds a number of Professional Memberships. He holds a BSc in Chemical Engineering, Bachelor of Commerce and an MBA.

Gindalbie's Chairman, Mr George Jones, said Mr Netscher was an excellent candidate to fulfill the role of Independent Non-Executive Director, bringing an outstanding depth of experience at the most senior level of the international mining industry and broad-based corporate and operational experience which will be invaluable to the Company.

"We look forward to his contribution as an independent director on the Board, in particular to strengthening the corporate governance functions of the Board and providing an independent view on corporate strategy and project development," Mr Jones said.
"It is vital that Gindalbie has a strong and diverse board with a good balance of executive and independent, non-executive directors as we move forward to build a world-class mining company," he added.