Web Site: www.CuMtn.com
VANCOUVER, Oct. 30, 2012 /PRNewswire/ - Copper Mountain Mining Corporation (TSX: CUM) (the "Company" or "Copper Mountain") is pleased to announce that Mr. Jim O'Rourke, Chief Executive Officer, has been inducted into the Canadian Mining Hall of Fame. Candidates for induction into the Canadian Mining Hall of Fame must be individuals who have demonstrated outstanding lifetime achievements to the benefit of the Canadian and/or world mineral industry. Mr. O'Rourke was selected under the category of "Building a Corporation", which relates to his commitment and dedication to the mining industry during his long and successful career. Mr. O'Rourke played a key role in the development of four mines in the province of British Columbia and has been involved with the mining industry for nearly five decades. His long list of noteworthy projects has injected billions of dollars of investment income and capital expenditures into the country, resulting in significant economic and social prosperity for many Canadian citizens.
In his nomination, Mr. O'Rourke was praised for cultivating a strong relationship with Japanese partner, Mitsubishi Materials Corporation. Mr. O'Rourke's association with the Japanese conglomerate began in the late 1980's and was critical to the opening of the Huckleberry Mine in Northern British Columbia and the opening of the Copper Mountain Mine in Southern British Columbia. In addition, Mr. O'Rourke directed development under difficult circumstances. Despite the financial crisis in late 2008, Mr. O'Rourke's relationship with Mitsubishi Materials ensured that project agreements materialized and that the project was built as intended, on budget and on schedule. This reaffirmed the importance of foreign investment from partner Mitsubishi Materials Corporation to the mining industry and the provincial economy.
Mr. Jim O'Rourke, Chief Executive Officer stated: "I am honored to be inducted into the Canadian Mining Hall of Fame, but the award is really a tribute to many people's efforts. Our trustful relationship with Mitsubishi Materials Corporation has confirmed the importance of natural resources to the Canadian economy for investment, job creation, and government revenues to pay for health care, education and social programs. Our sustainable, resource based, export-orientated economy will keep our province and country vital and prosperous for years to come. Being in the mining industry for so many years has been a privilege and an honor"
Mr. O'Rourke has won many other prestigious awards over the years. He is also a 2011 recipient of the Order of BC, the Edgar A. Scholz Medal for excellence in mine development in 2005 and the MABC's 2010 Mining Person of the Year Award. The inductees for the Canadian Mining Hall of Fame have been selected by an independent advisory committee from public nominations. Mr. O'Rourke will receive his award at the annual dinner for inductees held on January 10, 2013. For more information, visit http://www.mininghalloffame.ca/
About Copper Mountain Mining Corporation:
Copper Mountain's flagship asset is the 75% owned Copper Mountain mine located in southern British Columbia near the town of Princeton. The Company has a strategic alliance with Mitsubishi Materials Corporation who own the remaining 25%. The Copper Mountain mine commenced production in the summer of 2011, and has continued to improve its operations during the year; and attained design capacity in the summer of 2012. The 18,000 acre site has a resource of approximately 5 billion pounds of copper and remains open laterally and at depth. The mine has significant exploration potential that will need to be explored over the next few years to fully appreciate the properties full development potential. Additional information is available on the Company's new web page at www.CuMtn.com.
On behalf of the Board of
COPPER MOUNTAIN MINING CORPORATION
Rodney A. Shier, CA.
Chief Financial Officer
Note: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents, filed by the Company on SEDAR at www.sedar.com, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company undertakes no obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statement.
SOURCE Copper Mountain Mining Corporation