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Paringa Resources Appoints Egan Antill as Chief Executive Officer and Managing Director

Published: March 8, 2019 |

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Paringa Resources Limited has appointed Egan J. Antill as chief executive officer and managing director.

Egan Antill studied Engineering at the University of Queensland and early in his career worked for Mount Isa Mines Ltd and Caterpillar of Australia Ltd. He then completed an MBA at Yale University and spent the next 20 years in investment banking on Wall Street in New York including managing director, Merrill Lynch & Co., New York, where he raised capital for and provided strategic advice to global Metals and Mining companies, and prior to that with Credit Suisse First Boston, New York in the Mergers & Acquisitions department.

Antill’s background in mining and capital markets will complement the proven operating team that Paringa has established at its Poplar Grove mine. The operating team based at site in Kentucky has in excess of 50 years of coal mining experience in the U.S. With first coal expected in the coming weeks, Antill’s focus will be on delivering the mine ramp-up and unlocking shareholder value. Consistent with this, Antill’s equity performance rights will be linked to coal production milestones.

“We are very pleased to have Egan lead Paringa as chief executive officer,” said Ian Middlemas, Paringa’s chairman.

“Egan’s technical background and extensive knowledge of financial markets and the metals and mining industry will be critical to driving production at the current sites, in identifying other growth opportunities and unlocking shareholder value. Paringa’s business is U.S.-focused and it is appropriate that we have a U.S.-based executive driving its business and strategy,” added Middlemas.

“This is an exciting time for Paringa because we are in the early stages of a high-growth production ramp-up on the low end of the cost curve. At the same time fundamentals for the thermal coal market are strong, few new coal mines are being developed, stockpiles are low and the export markets have been good. Commencement of mining at the Poplar Grove mine is expected in the coming weeks, I am delighted to join Paringa and leverage my experience to build shareholder value,” said Egan Antill.


About Paringa Resources Ltd.
Paringa Resources Limited is an emerging US-based energy provider developing the Buck Creek Mining Complex located in the Illinois Coal Basin. The Buck Creek Mine Complex includes the permitted 2.8 Mtpa Poplar Grove Mine with construction starting mid-2017 and first coal expected during the third quarter of 2018. Once Poplar Grove is constructed, Paringa will begin construction of the permitted 3.8 Mtpa Cypress Mine by early 2019, ultimately becoming the next major Illinois Basin coal producer.

To stop by Paringa Resources’ website, CLICK HERE


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