Coal mining company names new Executive Chairman

Pacific Coal Resources Ltd., a Canadian-based mining company focused on coal, coking coal, asphalt and asphaltite exploration, development and production from prospective producing, development-stage and exploration-stage properties in Colombia, on Sept. 7 said it has appointed Hernan Martinez as a director and executive chairman of the company, effective immediately.

Martinez replaces the company's current co-chairmen, Serafino Iacono and Miguel de la Campa, both of which have tendered their resignation as co-chairmen but will continue their role as directors of the company.

Martinez served as the Colombian Minister of Mines and Energy from July 2006 to August 2010 and has also served as president of International Colombia Resources Corp., president of Atunec S.A., president and chief executive officer of Exxon Mobil Colombia S.A., and Manager of Corporate Planning for Esso Colombiana S.A.

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