Former New Zealand Prime Minister Dame Jenny Shipley has become a non-executive director of Trans-Tasman Resources (TTR). Former Tata Steel and Bluescope managing director Kirby Adams has also taken up a position on the board of the iron sands explorer, after an election following the company’s annual general meeting.

TTR chairman Bill Bisset says, “We are delighted that two people with such impressive international experience and careers have joined our board. Dame Jenny’s established political credentials and Kirby Adams’ extensive experience at the top of the international steel industry will bring substantial value to our board.

“As well as her political strengths, Dame Jenny has strong, established commercial skills. These, joined with the impressive steel industry credentials from Kirby Adams, are expected to make significant contributions to the board’s discussions about the future development of the business. We are fortunate that, of the many opportunities available to both of them, Dame Jenny and Kirby Adams have agreed to join TTR.”

Dame Jenny Shipley was New Zealand’s prime minister from 1997-1999 and chair of the Asia Pacific Economic Co-Operation (APEC) forum in 1999. She is a director of China Construction Bank, the world’s second largest bank, and is chair of Genesis Energy, New Zealand’s largest electricity and gas retailer. She is also chair of Mainzeal Construction, Momentum Consulting, Senior Money International and the Financial Services Council New Zealand. Dame Jenny is vice president of The Club of Madrid, a group of former presidents and prime ministers who share their expertise to promote democracy worldwide.

Kirby Adams is an experienced international chief executive and director with a proven ability to create substantial shareholder value in large, complex, multi-national businesses. He was the former managing director and chief executive officer of Tata Steel Europe, one of the 10 largest global steel companies. He was also founding managing director and chief executive officer of Bluescope Steel.

TTR’s chief executive officer Paul Berend thanks retiring board member David Grant for his major contribution to the development of the business.

TTR is a privately-owned New Zealand company, established in 2007 to explore, assess and develop the potential of the rich offshore iron ore deposits off the west coast of the North Island.

Prospecting work to date suggests there is a vast world-class mineral resource which could supply Asian markets with a reliable supply of low-cost iron ore. TTR has a JORC-compliant recoverable mineral resource of 4.638 billion tonnes @ 6.23% iron.

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