6th May 2005 16:05
Minco PLC06 May 2005 Minco plc ("Minco" or "the Company") Minco Appoints new Chief Financial Officer LONDON: 9th May 2005 -Minco plc the AIM listed (MIO) precious metals developerin Mexico, today announces that it has appointed Mr Danesh Varma as ChiefFinancial Officer, reporting to the Board, with immediate effect. Mr Varma brings to the position significant experience having held similar postswith The Paguarian Corporation Limited and Candian Zinc Corporation of Canada.In addition Mr Varma has been active in the junior mining sector both in Londonand Toronto having worked with American Resource Corporation , NorthgateExploration Limited and Westfield Minerals Limited. Mr Varma also brings to thecompany a wide experience in other corporate finance and financial managementissues having been President and Managing Director of Dundee Bancorp, DundeeInvestment Management and Research Ltd and Dundee Mutual funds in addition toholding the post of director and Vice President f the Dundee Bank. Matthew Dorman, CEO, speaking today said: "The addition of Danesh to our team isa significant step forward as we move towards silver production in Mexico. Theappointment of a dedicated finance officer and the strengthening of ouroperations team in Mexico is a clear indication of the Company's developmentover the last year and a half. The Company also announces that Richard Thornton has taken over the function ofCompany Secretary from Jim Finn. In order to meet the needs of its growing Mexican operations the Company alsoannounces that it has appointed Mr Keith Koppert as General Manager and DrAnthony Gallon as Chief Geologist. Mr Koppert is a mining engineer with 40 yearsexperience, having worked previously in South America with Rea Gold and has alsoheld management positions with Ashanti Goldfields and Bougainville Mining Ltd.Dr Gallon a highly experienced Exploration Geologist with 30 years experienceboth in South America with Minmet and with considerable expertise in geothermalprecious metals deposits; both will be working primarily with Minco' geologicalteam and drilling contractors on the Minera Sisa concessions. In addition to the Minera Sisa concessions which are advancing well, drillingdue to start in the immediate future, Minco continues to advance its otherprojects in Mexico, the Laguna Zacatecana silver tailings project bankable studyis well underway and scheduled for completion in the 3rd quarter of this yearand in production in 2006. The company has also begun a 9000 metre diamonddrilling programme with its partner Noranda Inc on the Pallas Green zinc licencein Ireland. For further informationMatthew Dorman, CEO. Tel: +34 687 494550 [email protected] Roger Turner, Chairman. Tel +44 (0) 1273 495500 [email protected] Richard Thornton, Director Tel.+44 (0) 20 7947 3238 [email protected] Laurence Read, Conduit PR Tel +44(0)2079369095 [email protected]/ (0)7979955923 Ewan Leggat; Seymour Pierce Limited+44 (0) 20 7107 8000 [email protected] MINCO is a precious metals development and exploration company listed on the AIM market in London. Ticker symbol (MIO), www.minco.ie This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Minco PLC