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New board member for Atrum Coal

Published by , Editor
World Coal,

Atrum Coal NL has welcomed Craig Burton to the company’s board of directors with effect as of 1 January 2017.

Burton has over 25 years of experience in financing, developing and managing emerging resource projects in Australia, Canada and the UK. He has co-founded numerous resource companies. Seven resource projects co-founded by him have advanced from exploration into production.

Burton invested AUS$2.5 million in Atrum’s recent capital raising and is keen to assist the board with a focus on advancing the Groundhog project. He is currently a Non-Executive Director of Cradle Resources Ltd and Capital Drilling Ltd.

Burton commented: “It’s an exciting time to be involved in Atrum. Groundhog is arguably the best undeveloped high-grade anthracite asset in the world. There has been a little publicised collapse in the global supply of high-grade anthracite, forcing steelmakers to use more metallurgical coal and, in turn, putting pressure on the market. This favourable market dynamic for high-grade anthracite is likely to stay for a considerable period of time, making the development of Groundhog an outstanding opportunity.”

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