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Jake Klein, Executive Chairman of Evolution Mining
March 29th, 2012
This Sydney based gold company was only formed on the 2nd of November 2011 from the merger of Conquest Mining Limited and Catalpa Resources Limited, and the acquisition from Newcrest Mining Limited of its interests in the Cracow and Mt Rawdon mines. Newcrest is the largest shareholder with 33% and Evolution is already capped at $1.1 billion, putting it in the top five of Australian based gold companies.
Evolution has five operations: Edna May in WA and Pajingo, Mt Carlton, Cracow and Rawdon in Queensland. The company has ambitious plans to expand production to between 410 – 465,000 ounces gold equivalent over the next two years from the current 300,000 ounce level. Evolution Mining will be an interesting story to follow in 2012.
About Jake Klein -
- Formerly President and CEO of Sino Gold Mining Limited
- Previously employed at Macquarie Bank and PricewaterhouseCoopers
- Non executive director of Lynas Corporation Limited and OceanaGold Corporation
- Previous President of the NSW Branch of the Australia China Business Council, served on the NSW Asia Business Council
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