20th Mar 2014 09:20
LONDON (Alliance News) - EMED Mining PLC Thursday said it has appointed Isaac Querub as chief executive officer of the company and vice president of its subsidiary EMED Tartessus, with immediate effect.
The Europe-based minerals development and exploration company also said it has appointed Alberto Lavandeira as chief operating officer of the company and chief executive officer of EMED Tartessus with effect from April 14.
Querub was the managing director of Glencore Spain from 1990 to 2003 while EMED said Lavandeira has over 35 years experience in operating and developing mining projects.
The company said that Rod Halliday, who has been interim CEO of EMED, will now step down from the board and into a temporary advisory role.
EMED also noted that Chief Financial Officer John Leac also will now step down from the board with immediate effect.
The company is currently moving towards development of its Rio Tinto Copper Project, formerly owned by Rio Tinto PLC in Spain, which has ore reserves totalling 606,000 tonnes of contained copper and a large processing facility that has been on care and maintenance since 2001.
EMED Mining shares were up 8.2% to 10.14 pence, putting it in the top ten AIM risers in early trading Thursday.
By Tom McIvor; [email protected]; @TomMcIvor1
Copyright © 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
EMED.L