Pasminco Appoints Chief Financial Officer

Pasminco Limited has announced that Mr Tony Barnes has been appointed as Executive General Manager Finance & Services with effect from late April 2001. The appointment concludes a search that began in December last year.

Mr Barnes, 50, brings considerable depth of experience to Pasminco with more than thirty years experience in accounting and finance positions in Australia and overseas. He worked with BHP Ltd in various accounting and finance positions at business unit, corporate and divisional level. He was Group General Manager Finance for the Petroleum Division from 1991 to 1997. He was President of BHP Power until its sale in 1999. Most recently, he has been providing strategic management support as General Manager of Kingstream Steel Limited, working to develop the Kingstream merchant slab steel plant venture in Western Australia.

Pasminco Managing Director and Chief Executive David Stewart said that Mr Barnes would bring a tremendous wealth of financial and resources sector knowledge to the role.

Mr Barnes has a Bachelor of Commerce degree from the University of Melbourne.


For further information contact:
Trevor Shard
Group Manager - Investor Relations
61 3 9288 9186 or 0419 584 515

Peter Griffin
Group Manager - Public Affairs
61 3 9288 0463 or 0419 314 265

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