Perth, Jan 7, 2009 AEST (ABN Newswire) - Galaxy Resources Limited (ASX:GXY) is pleased to announce that Mr Anand Sheth has been appointed General Manager Marketing & Business Development for the Company.
For the past 10 years, Mr Sheth has been the Lithium and Tantalum Marketing Manager at Talison Minerals Pty Ltd (ex-Sons of Gwalia Limited).
At Galaxy, Mr Sheth will be responsible for developing the markets and applications of lithiumtantalum mineral products for the Company. He will also be responsible for establishing the long term strategic partnerships and off take agreements required as an emerging lithium producer.
Managing Director, Iggy Tan said that Mr Sheth is highly experienced in the international marketing and global sales of lithium and tantalite mineral products.
"We are delighted to have someone with Anand's expertise in the lithium and tantalite markets join Galaxy's Management Team," said Mr Tan.
"Anand brings to the role valuable business development and management experience and a strong ability to identify and focus on target markets and segments.
"During his time at Sons of Gwalia, he played an integral role in developing the lithium business, growing sales by 150% within 5 years.
"We continue to build a strong and experienced management team in preparation for Galaxy's emergence as a significant lithium producer," he said.
About Galaxy Resources Limited
Galaxy Resources Limited (ASX:GXY) (OTCMKTS:GALXF) is an international S&P / ASX 200 Index company with lithium production facilities, hard rock mines and brine assets in Australia, Canada and Argentina. It wholly owns and operates the Mt Cattlin mine in Ravensthorpe Western Australia, which is currently producing spodumene and tantalum concentrate, and the James Bay lithium pegmatite project in Quebec, Canada.
Galaxy is advancing plans to develop the Sal de Vida lithium and potash brine project in Argentina situated in the lithium triangle (where Chile, Argentina and Bolivia meet), which is currently the source of 60% of global lithium production. Sal de Vida has excellent potential as a low cost brine-based lithium carbonate production facility.
Lithium compounds are used in the manufacture of ceramics, glass, and consumer electronics and are an essential cathode material for long life lithium-ion batteries used in hybrid and electric vehicles, as well as mass energy storage systems. Galaxy is bullish about the global lithium demand outlook and is aiming to become a major producer of lithium products.
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