American CuMo Mining Corporation (TSXV:MLY,OTCPINK:MLYCF) announced that it has agreed to appoint Mr. He Yu, President and CEO of MCC8 Capital Limited, as Non-Executive Chairman of Idaho CuMo Mining Corporation. Mr. He’s role will be to represent Idaho CuMo Mining in China and to provide project management services for accessing large Chinese financial institutions and private investors for funding, and for strategic off-take sales agreements. Mr. He earned his LL.B and Juris Doctor (JD) equivalent degrees from two of the most prestigious law schools in China respectively and graduated from a Post-JD Program at Harvard University.
Mr. He’s background with MCC8 Capital Limited has been as the Co-Founder and Managing Director in Hong Kong since April 2011 to date. MCC8 Capital (http://www.chinamcc8.com) is the investment banking arm of MCC8 Group Company Limited (MCC8 Group) â a Multi-Billion USD mining and infrastructure development company, managing over one billion USD of capital from a diverse group of Chinese investors, including private equity, mining, real estate, clean technology, structured investment and project finance, and asset management. MCC8 Group is formerly a division of Jinchuan Group (JNMC), the world’s top three nickel, cobalt and copper multinational.
Since January 2008, Mr. He has been a Director of ZTE-Lemna Environmental Protection Co., Ltd., China. ZTE Corporation is a 16 Billion USD company and a global-leader provider of telecommunications equipment and network solutions. With operations in 160 countries, the company is a leader in technology innovation, delivering superior products and business solutions to clients all over the world.
American CuMo President and CEO Shaun Dykes stated:
We are very pleased to have Mr. He join our highly experienced team in Idaho. Mr. He has extensive worldwide experience in construction and project financing and I am confident that he will prove to be an invaluable asset for our Company and for the CuMo Project.
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