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IN BRIEF: Tungsten West hires former Zoltav director as new CFO

10th Nov 2023 10:20

Tungsten West PLC - mining company, working to restart production at the Hemerdon tungsten and tin mine in Devon, England - Alistair Stobie will join as new chief financial officer on Monday. Stobie replaces Nigel Widdowson, who resigned in mid-August. He was formerly CFO of Hurricane Energy PLC from 2016 to 2020 and CFO of Octavia Energy, and finance director of Zoltav Resources Inc from 2013 to 2015 and a founding partner at private equity investor Baring Vostok Capital Partners. "His extensive experience in fundraising and debt refinancing will play a pivotal role as we look to continue towards the recommencement of operations at Hemerdon," comments Chair David Cather.

Current stock price: 1.54 pence, down 0.7% on Friday in London

12-month change: down 90%

By Emma Curzon, Alliance News reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.


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