Marengo Mining has appointed a new chief operating officer to progress the possibility of developing its flagship Yandera copper-molybdenum-gold project. Paul Korpi will add strength to the executive management team pushing forward with the development of the project in central Papua New Guinea.  1

He has more than 35 years’ experience in the mining industry, working in surface and underground operations in the United States, Canada, Indonesia and Central Asia. Paul Korpi’s most recently held position was general manager and country director for IAMGold’s Rosebel mine in Suriname.

Marengo’s managing director Les Emery says, “The board could not be more pleased to have attracted someone of Paul’s experience, skills and capabilities to Marengo. We look forward to him driving the development and operational aspects required to move Yandera into production as rapidly as possible, for the benefit of the company, community and stakeholders in PNG, Australia and North America, should a development decision be made following receipt of the pending feasibility study.”

Paul Korpi says the Yandera project is a significant asset with tremendous potential. “I am excited to be part of this growth story, to lead the team of professionals at the Yandera site and here in Perth, and to be part of the team that is focused on building a successful international mining company.”

Paul Korpi also led the Kazakhmys development team for two different porphyry copper-molybdenum-gold mining projects in Kazakhstan - one of which, Boschekul, has since commenced construction. A key element of this project’s development was successfully securing a US$2 billion loan facility with the Chinese Development Bank Corporation.

www.marengomining.com

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