18th May 2018 10:31
LONDON (Alliance News) - Tri-Star Resources PLC on Friday said investee Strategic & Precious Metals Processing LLC has appointed the head of a Vedanta Resources PLC subsidiary as its new chief executive.
Tri-Star shares were up 28% on Friday morning at 0.0608 pence each.
Steven Din has been appointed as SPMP's new CEO, with Tri-Star holding a 40% stake in the company.
Din, Tri-Star said, is currently CEO of Konkola Copper Mines PLC, which is 79%-owned by London-listed Vedanta. Before that, it added, he has worked in senior leadership roles across African mining operations including with Rio Tinto PLC.
Din will lead SPMP's new antimony-gold plant in Oman which is beginning production.
SPMP Chairman Khalid Al Yamadi said: "We welcome Steven's arrival at this important time in the project as we start production at our state-of-the art facility.
"Steven's wealth of experience and leadership skills will now drive our strategy forward to establish SPMP as a significant global player in the industry."
Related Shares:
Rio TintoVedanta ResourcesTSTR.L