2nd Jan 2007 07:01
Cluff Gold PLC02 January 2007 2 January 2007 Cluff Gold plc (the "Company") Board Appointment Further to the announcement on 9 October 2006, the Company would like to providefurther information on the appointment of Charles Patrick Lutyens (57) as ChiefFinance Officer, effective from 1st January 2007. Mr Lutyens was formerly Managing Director of Rio Tinto India and Head of ProjectFinance for the Rio Tinto group. He has extensive knowledge of project financeand business development in emerging economies and has worked in naturalresources for over 20 years. He has in depth experience of working inpartnership with investors, banks, governments, multi-lateral and donorinstitutions and has negotiated a significant number of financings, jointventures, acquisitions and investment agreements with host governments. MrLutyens also advises a group of governmental donor agencies, including the UK'sDepartment for International Development (DFID) on issues affecting privatesector investment in developing country infrastructure. Mr Lutyens' knowledge of the gold sector includes his heading up the ProjectFinance at Rio Tinto where he led the financing negotiations for the US$1billion Lihir gold project in Papua New Guinea. Prior to working at Rio Tinto,Mr Lutyens worked at Unilever where he was Corporate Planning Analyst for UnitedAfrica Company. Mr Lutyens holds an M.B.A. from INSEAD in France and a B.A (Hons) in SocialAnthropology from Cambridge University. J.G. Cluff, Chairman of Cluff Gold, commented, "I am delighted to welcomeCharles to the Board of Cluff Gold. His high level experience at Rio Tintospeaks for itself and will be a major asset to the company. He joins us at a keystage in our development as we move from exploration towards production and hisknowledge and credentials will be invaluable in helping us progress all ourprojects in West Africa." Mr Lutyens was previously a director of the following companies: Rio Tinto Orissa Mining LimitedACC Rio Tinto Exploration LimitedRio Tinto India LimitedRio Tinto Minera SA On his appointment to the Board of the Company, Mr Lutyens will be granted200,000 options over ordinary shares of 1p each in the Company. There is no further information to be disclosed under Schedule Two (g) of theAIM Rules. For further information, please contact: Cluff Gold plcJ.G. Cluff / Douglas ChikohoraChairman / Technical DirectorTel: +44 (0)20 7340 9790 WH Ireland LimitedDavid YoungmanTel: +44 (0)161 832 2174 Parkgreen CommunicationsCathy Malins / Annabel LeatherTel: +44 (0)20 7851 7480 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Amara Mining