The West

Flinders names Ramelius boss as new CEO

Prospective iron ore miner Flinders Mines has appointed Ramelius Resources boss Ian Gordon as its new managing director.

Mr Gordon will join Flinders Mines in the second half of June, once his current role as chief executive of the gold miner comes to an end.

He has more than 25 years of experience in the resources sector and has been Ramelius' CEO since 2009.

Flinders chairman Robert Kennedy will revert from an executive to a non-executive role when Mr Gordon takes over.

The company intends to make a development decision by the end of 2015 on plans for an iron ore mine in the central Pilbara.

It has signed a deal with Nick Curtis' Rutila Resources for the use of a planned $2.2 billion port and rail project to service the prospect, and raised $14 million to rejig feasibility studies for an expanded 25 million-tonne-a-year export rate.

Flinders said Mr Gordon's primary focus would be to complete the studies and associated financing discussions for the project so the investment decision could be made.

"The board … has great confidence that he can deliver a positive feasibility for the project within the time frame we have set ourselves," Mr Kennedy said.

Mr Gordon said: "The Flinders project is an asset that has the potential to deliver strong economic returns and in conjunction with the flexibility offered by the company's independent positioning, will allow it to maximise shareholder value as development and financing decisions are completed."

Flinders shares were down 0.2 cents, or 7 per cent, to 2.5 cents at 12.03pm. Ramelius had fallen 0.8 cents, or 7 per cent, to 11.2 cents at 12.05pm.

The West Australian

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