Orvana Minerals's Profile

Welcome To The Orvana Minerals HUB On AGORACOM Operations: Copper-gold-silver-mine in Bolivia, Gold/copper mine/Mill in Spain and its developing copper project in Michigan

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Orvana Minerals Corp. is a mining company with an active gold mine, the Don Mario, in eastern Bolivia. The company is aggressively seeking other mining opportunities throughout the Americas. The Company’s long-term goal is to become a low cost, multi-mine producer in South America.

The Don Mario property had estimated proven and probable reserves of 1.5 million tonnes grading 8.74 grams of gold per treated tonne in the Lower Mineralized Zone. Through fiscal 2007, 86,381 ounces of gold were produced. The discovery of the proximal Las Tojas deposit has extended Don Mario’s mine life by nearly another year. Exploration throughout the surrounding claims continues. Furthermore, the Company is finalizing a feasibility study related to the open-pit mining of the polymetallic Upper Mineralized Zone at Don Mario.

Orvana’s head office is in Toronto, Ontario and the Company’s stock has been listed since 1992 on the Toronto Stock Exchange under the trading symbol ORV. On this website, the terms “Orvana Minerals”, “Orvana” and “the Company” refer collectively to Orvana Minerals Corp. and its subsidiaries.

Business Strategy
The Company’s long-term goal is to be a low cost, long-life, multi-mine gold and base-metal producer in the Americas.

Orvana’s business plan is to use its cash resources and mining expertise to achieve additional growth and geographic diversification throughout the Americas. Management aims to achieve these goals through acquisition of producing mines as well as advanced-stage properties that could potentially be brought into production within three to five years. Management also considers exploration projects as an additional way to achieve geographic diversification.

In addition to the near-completed feasibility study relating to the UMZ project, the Company is also undertaking exploration activities consisting of ground geophysics, trenching and drilling on other targets located in the ten concessions contiguous to the concession on which the Don Mario Mine is located. Gold was discovered in the Las Tojas prospect, located less than one (1) kilometer from the Don Mario infrastructure. In fiscal 2008, the Company focused its exploration efforts in the Oscar concession. The La Aventura exploration program is on hold pending receipt of a required permit since part of La Aventura concession falls within an area known as “Area Natural de Manejo Integrado San Matias”, a Controlled Area of Environmental Management.

Orvana does not currently hedge its gold production.

Sustainable Development

The Company strives to be a model steward of the environment and an exemplary corporate citizen. The Company is committed to developing and operating its projects in full compliance with recognized international and local environmental standards. The Company aims to minimize impacts to the air, land, water, and wildlife where it currently operates and where it will eventually operate. Furthermore, the Company has a proactive philosophy regarding relations with the communities and foments constructive dialogue with stakeholders as well as supports local programs that enhance the quality of life.

Social & Environmental Policies

The Company is committed to the social development and well-being of the communities in which it operates. To this end, the Company continues to support financially and otherwise local community endeavours associated with that objective.

Last changed at 26-Jun-2013 02:15AM by SMF069

Management & Directors

Carlos Mirabal

President and Chief Executive Officer

Carlos Mirabal of Santa Cruz, Bolivia
Mr. Mirabal has been President and Chief Executive Officer and a director of the Company since October 2006. Prior to joining Orvana, Mr. Mirabal was Vice President of Operations of Sinchi Wayra S.A., (formerly Compania Minera del Sur S.A. (“Comsur”)), a Bolivian mining company. Comsur provided various services to a subsidiary of Orvana from January 2002 to September 2005, during which time Mr. Mirabal was Vice President of Operations of Comsur and also Chief Operating Officer of Orvana.
C. Kent Jespersen

Chairman of the Board

Mr. Jespersen has director experience on many boards of directors in the energy and technology sectors. He is currently Chairman of CCR Technologies Ltd. and serves on the boards of Alta Corporation, Axia NetMedia Corporation and Matrikon Inc. He is also past Chairman of North American Oil Sands Corporation, Geac Inc., C.D. Howe Institute and Institute of the Americas. He has been Chairman of the Board of the Company since December 2007.
J. Christopher Mitchell

Director

J. Christopher Mitchell, P. Eng. of Vancouver, British Columbia
Mr. Mitchell is Chief Financial Officer of Geobiotics LLC, based in Denver, Colorado. Mr. Mitchell was Executive Vice President and Chief Financial Officer of the Company from September 1996 to September 2000. He has been a Director of the Company since January 2004.
Peter Bradshaw

Director

Peter Bradshaw of Vancouver, British Columbia
Dr. Bradshaw has been Director, President and Chief Executive Officer of First Point Minerals Corp. since June 1996. Prior to starting First Point Minerals, Dr. Bradshaw was Vice President of Orvana Minerals from August 1986 to August 1995 and Exploration Manager for Australasia for Placer Dome from 1979 to 1986. He has been a Director of the Company since May 2006.
Robert Mitchell

Director

Robert Mitchell of Toronto, Ontario
Mr. Mitchell is a retired partner from Ernst & Young LLP, rejoined as a Director of the Company in April 2007 and is Chairman of the Audit Committee. Mr. Mitchell was a Director of the Company from December 2003 to June 2006. He is also a director and member of the audit committee of another public company.
Enrique Herrera Soria

Director

Enrique Herrera Soria of Lima, Peru
Mr. Herrera is General Manager of Aluz C&O Peru, a company aiming to develop small hydroelectric plants in South America. Mr. Herrera has been a member of the boards of directors of various Latin American companies in the banking, insurance and energy sectors during the last ten years. He has been a Director of the Company and a member of the Corporate Governance, Nominating and Compensation Committee since April 2007.
Robert Logan

Director

Robert Logan of Arizona, USA
Mr. Logan runs a private investment company and sits on both public and private company boards. Previously, Mr. Logan spent 20 years in investment banking based in New York, Toronto and London. His banking experience focused on funding and risk managing significant growth initiatives for many natural resource companies and projects. Mr. Logan is a member of the National Assoc. of Corporate Directors and holds an ICD.D designation from the Institute of Corporate Directors. He has been a Director of the Company since December 2007.
Malcolm King

Vice President and Chief Financial Officer

Malcolm King of Toronto, Ontario
Mr. King has been Vice President and Chief Financial Officer of the Company since February 2006, and was a Director of the Company from May 2006 to December 2007. Mr King was Vice President and Controller of the Company from June 2005 to February 2006. Prior to joining Orvana, Mr. King was Chief Financial Officer and a Director of IQ-Ludorum plc, and Vice President, Finance and Vice President & Corporate Comptroller of the Telemedia group.
Bill Williams

Vice President, Corporate Development

Bill Williams of Phoenix, Arizona
Dr. Williams has been Vice President, Corporate Development of the Company since March 2008. He received his Ph.D. in Economic Geology from the University of Arizona after spending 8 years in the oil & gas industry with Tenneco Oil Company. Since then he has held various positions in minerals exploration and project development throughout the Americas with Western Mining, Northern Orion, Phelps Dodge and Freeport-McMoRan. Prior to joining Orvana, he was Vice President, Americas for Freeport-McMoRan Exploration Corporation.