Appointment of Non-executive Director (5551L)
August 02 2011 - 3:17AM
UK Regulatory
TIDMHMB
RNS Number : 5551L
Hambledon Mining PLC
02 August 2011
Hambledon Mining plc
("Hambledon" or "Company")
Appointment of Non-executive Director
The Board of Hambledon is pleased to announce the appointment of
Dr Jeffrey O'Leary, aged 66, as a non-executive director with
immediate effect.
Dr O'Leary has a BSc in mining geology and a PhD in
geostatistics from the Royal School of Mines. He is a Fellow of the
Institute of Materials, Minerals and Mining and a chartered
engineer. Dr O'Leary has worked on many projects and mining
operations world-wide, including with RTZ plc, where he was chief
mine geologist and geostatistician, and joint author of that
company's mine valuation software, before joining the HSBC Group in
1984. While working at HSBC, Dr O'Leary was involved in a wide
variety of debt, equity and mergers and acquisitions transactions,
including the first debt/equity swap in the mining industry, which
was used to finance the start-up of operations at the Los Pelambres
Mine in Chile.
Dr O'leary was until his retirement in 2005 a director of the
Mining & Metals team at HSBC. He was until 2009 a non-executive
director of Moto Goldmines Ltd and is a non-executive director of
European Goldfields Ltd. Dr O'Leary has also held a number of
executive and non-executive positions on mining companies in North
America, South America, Europe and Africa and was the senior
lecturer in geostatistics at the Royal School of Mines, Imperial
College London. Dr O'Leary has more recently has been involved with
the development of two large iron ore projects in South America and
the development of new gold and base metal projects in Europe.
With Dr O'Leary on board, Chris Thomas has indicated that he
will retire as a director with immediate effect. Chris, in addition
to his current responsibilities as Chairman of BBDO in Asia has
also been promoted to Chairman of BBDO in the Middle East and
Africa and Chairman of Proximity Worldwide. His additional
responsibilities make it impossible to dedicate the time needed to
Hambledon's growing business.
Chris Thomas said:
"I am proud of all that Hambledon has achieved - and have
enjoyed working with Nick Bridgen, George Eccles and Baurzhan
Yerkeyev. I am convinced of the company's potential and look
forward to it flourishing with Jeff on the board and the new
leadership of Tim Daffern".
George Eccles, Chairman of Hambledon commented:
"We are delighted that Jeff has joined the board as we move
towards the next phase of our operations at Sekisovskoye. He brings
with him a wealth of experience in all mining matters and his
background will be invaluable not only in our current operations
but also in assessing any future projects in which Hambledon may
get involved. Additionally he is an experienced non-executive
director who can be relied upon to contribute to the board at the
highest level.
"At the same time we are extremely sorry to be saying good-bye
to Chris who was one of the founder directors of the Company and
whose enthusiasm and commercial expertise have been an invaluable
support to Hambledon for many years. He leaves with our very best
wishes and thanks."
For further information please contact:
Hambledon Mining plc
Charles Zorab Telephone: +44 (0) 207 233 1462
Fairfax I.S. PLC (Nomad and broker)
Ewan Leggat / Katy Birkin Telephone: +44 (0) 207 598 5368
Tavistock Communications
Ed Portman / Jos Simson Telephone: +44 (0) 207 920 3150
Additional information in respect of Dr O'Leary:
The directorships or partnerships held by Dr O'Leary currently
or during the five years preceding the date of his appointment to
the Board of Hambledon are as follows:
Current directorships / partnerships Past directorships / partnerships
------------------------------------- ----------------------------------
European Goldfields Ltd Moto Goldmines Ltd
------------------------------------- ----------------------------------
Platinum Mining Corporation
of India Plc
------------------------------------- ----------------------------------
There are no further disclosures required to be made pursuant to
the AIM Rules for Companies in respect of Dr O'Leary.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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