16th Jan 2019 17:38
LONDON (Alliance News) - Antofagasta PLC on Wednesday said Non-Executive Director William Hayes will not stand for re-election at the company's next annual general meeting.
The meeting will be held on May 22, after which point Hayes will step down as director and as a member of the mining firm's sustainability & stakeholder management committee.
Hayes will remain as director and chairman of Antofagasta's joint venture with Barrick Gold Corp and will continue to receive fees for this, but will not receive remuneration for his director role at Antofagasta past May.
Shares in Antofagasta closed down 0.4% at 823.20 pence on Wednesday.
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