TurkPower Corporation Appoints Former Vale SA and BHP Billiton General Manager Adriano Espeschit to its Board of Directors
NEW YORK, Sept. 6, 2012 /PRNewswire/ -- TurkPower Corporation (TRKP) (the "Company") is pleased to announce the appointment of Adriano Espeschit to its Board of Directors. Mr. Espeschit is a 25-year mining veteran who held executive management and operational positions with companies such as Shell Canada Ltd., Vale SA. and BHP Billiton during his impressive career.
TurkPower Chairman Ryan E. Hart commented: "With his vast operational knowledge in the Brazilian as well as international mining industry, Mr. Espeschit is a great asset to TurkPower and will play an instrumental role as an operational executive director in developing and operating TurkPower's world-class zinc project in Brazil."
About Adriano Espeschit
A mining engineer with degrees from Minas Gerais Federal University as well as an MBA in Strategic Business Management from Sao Paulo University, Mr. Espeschit has twenty-five years of experience in the fields of mining, metallurgy and oil & gas. In these industries he held executive and operational management positions with responsibilities ranging from mine planning and production to the beneficiation and haulage of nickel, iron ore, copper, bauxite, oil sands and potassium.
During his successful career in the mining industry, Mr. Espeschit held positions as: General Manager of Mount Keith Nickel Operation at BHP Billiton Ltd. in Australia, Head of Project Development at Oil Sands Growth Department of Shell Canada Ltd. based in Calgary - Alberta, General Manager of Sossego Project at Vale SA in Brazil, Operations Director at Steel do Brasil Participacoes SA., Director of Operations of the Santa Rita project in Brazil at Mirabela Nickel Ltd..
Mr. Espeschit is a member of SME – Society for Mining Metallurgy and Exploration -, a member of CIM – Canadian Institute of Mining, Metallurgy and Petroleum -, and a member of the Technical Committee for the Brazilian Congresses of Open-pit and Underground Mining.
About TurkPower Corporation
TurkPower Corporation (OTCBB: TRKP) is an American junior mining company with a 99.9% ownership in Zinco do Brasil Mineracao, Ltda., and will change its name to Zinco do Brasil, Inc. in the near future. TurkPower has mining interests in Russia as well as a minority interest in the Kuluncak mine, an iron ore mine in Turkey formerly owned by Exxaro. TurkPower is currently in the process of evaluating its options and defining its strategy regarding its asset in Russia and Turkey.
Forward-Looking Statements
Certain statements in this news release are forward-looking statements. Words such as "expects", "intends", "plans", "proposes", "may", "could", "should", "anticipates", "estimates", "likely", "possible", "potential", "believes" and words of similar import may identify forward-looking statements. Such statements are based on management's and the Company's independent mining consultant's current expectations, estimates and projections about the companies' businesses, are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many factors beyond the control of either of the companies, including, but not limited to, the successful completion of the merger; the combined company's ability to raise the required additional capital to develop its mining assets and to identify other acquisition and/or joint venture opportunities in the mining sector, and to establish the technical and managerial infrastructure necessary to take advantage of, and successfully participate in, such opportunities; future economic conditions; demand for manganese and other minerals the company may seek to extract; political stability; and changes in governmental regulations, and financial capabilities of the Company. Additional information on risks and other factors that may affect the business and financial results of TurkPower and the combined company can be found in filings of TurkPower with the U.S. Securities and Exchange Commission. The Company encourages any current or potential shareholder to read all the public filings before making a decision to invest in the shares of any public company.
TurkPower Corporation
100 Park Avenue
New York NY 10017
T: +1 (212) 984-0628
F: +1 (212) 880-6499
SOURCE TurkPower Corporation
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