Silver News

Keith Hulley Elected Silver Institute President

Keith Hulley, Chief Executive Officer of Apex Silver Mines Limited, has been elected President of the Silver Institute. He was selected by the Institute's membership this spring to take over from Ross Beaty, Chairman and Chief Executive Officer of Pan American Silver Corporation, when his two-year term expired.   Hulley said he wants to continue the Institute's strategic marketing efforts aimed at increasing silver demand. "We want to build on the Institute's ongoing work in many areas, including efforts to work with the Chinese government and industry officials in order to bring more transparency to the Chinese silver market. We also want to encourage silver-coinage programs throughout the world and increase government and private sector industrial research into silver-based applications," Hulley said. He added: "By focusing on industrial

demand, which is the largest and fastest growing sector of silver demand, we can simultaneously bring more funding into silver-based programs and increase investor awareness of silver."

Hulley has a B.S. in mining engineering from the University of Witwatersrand and an M.S. in mineral economics from Stanford University, and has been a mining executive with more than 40 years of experience in the industry. Prior to his current position, Hulley served in executive positions with Western Mining Corporation Holding Limited, USMX Inc., Atlas Corporation, Kennecott Corporation, BP Minerals, Inc, and Gold Fields Limited.

Silver News - Third Quarter 2003