On June 30th, Minco posted pre-tax losses of €2.7 million in the year to the end of December, over twice that of the previous year. Mycal Lee Prince, 28 of Minco will be held on Monday, September 26, 2011, 1 pm at the Bridge Assembly of God Church in Mustang, burial with honors will follow at the Bradley Cemetery in Bradley, Oklahoma, under the direction of Huber-Reynolds Funeral Home of Minco. It is understood Mr O'Gorman will not seek a place on Minco's board. Services with full military honors for Sgt. On Tuesday, Minco announced the appointments of Bert-Ove Johansson, former managing director of Boliden Tara Mines in Meath, and Peter McParland, managing director of Navan-based Quarrying and Mining Equipment Ltd, as non-executive directors. John Kearney, a 35-year veteran of the mining industry, took over as executive chairman, with Terence McKillen appointed as chief executive. Roger Turner stepped down as chairman and chief executive after four years. Minco management structure has also been overhauled in recent months. Minco has a majority shareholding in Orca, which recently raised $8.8 million Canadian dollars (€5.45 million) for drilling work in Mexico. In Mexico, Minco's interest is held through a separate, Canada-based company called Orca Minerals. It is developing the Pallas Green project with Xstrata, the world's largest zinc producing company. Pallas Green is regarded as one of the best zinc exploration projects in Ireland, and Minco has set aside a budget of €1.4 million for drilling there in 2008. The company has two main prospects - a 23.6 per cent interest in the Pallas Green zinc project in Co Limerick and a significant stake in a zinc, lead and silver mine in Mexico. It is not clear why Mr O'Gorman has paid a premium to acquire such a large stake in Minco.
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