Directorate Change
July 12 2006 - 2:01AM
UK Regulatory
RNS Number:0509G
Avocet Mining PLC
12 July 2006
12 July 2006
Avocet Mining PLC
Changes to Board of Directors and Management
The Board of Avocet Mining PLC ("Avocet" or "the Company"), the Central and
South East Asian gold production and exploration company, today announces the
following changes to its senior management team.
After more than six years of turning Avocet successfully into a significant gold
producer, John Catchpole has decided to resign as Chief Executive and from the
board for personal reasons. John has agreed to remain as an external consultant
to the Company.
The Board subsequently is very pleased to appoint Jonathan Henry as Chief
Executive Officer with immediate effect. Jonathan joined Avocet in 1994 and has
been the Company's Finance Director since October 2002. Since then Jonathan has
been closely involved in the operations and strategic direction of the Company.
Prior to becoming Finance Director he held various senior positions at Avocet.
Jonathan will continue to cover the duties of Finance Director for an interim
period until a replacement is appointed. A search is currently underway to fill
this position.
The Board is also pleased to announce that Eric Vesel, currently the Company's
Regional Director for South East Asia, will become Chief Operating Officer with
immediate effect. A mining engineer with management and technical experience in
mining and process plant operations, Eric has been in expatriate roles for over
20 years; having worked in Namibia, Australia, Papua New Guinea, Indonesia and
Malaysia. He joined Avocet in 1997 as Mining Manager and was promoted to General
Manager at Penjom and Country Manager in Malaysia in 2001. In late 2004, he
expanded his responsibilities as Regional Director, South East Asia. In his new
role Eric will be based out of Malaysia.
The Board is also pleased to announce the appointment of Michael Donoghue as a
non-executive director with immediate effect. Michael John Donoghue, aged 57, is
a mining engineer with over 30 years experience in base and precious metal
mining operations and new mine development in Africa, Australia, South East Asia
and Europe. He is currently the executive chairman of Ormonde Mining, involved
in mining evaluation work in Spain. Previously he held the position of General
Manager-Operations of Delta Gold, Sydney, Australia, where he participated in
the development of that company from a junior into a mid-tier gold producer,
prior to its eventual take-over. Michael's considerable technical and corporate
experience will serve to bring additional perspective and balance to Avocet's
Board as the Company moves forward into the next phase of its development.
In the past 5 years, Michael Donoghue holds or has held the following positions
where he was acting in the capacity of a director:
Current Directorships Previous Directorships
Ormonde Mining Plc None
Magyar Mining Plc
There is no other information that is required to be disclosed pursuant to
Schedule 2 paragraph (g) of the AIM Rules.
________________________________________________________________________________
For further information please contact:
Avocet Mining PLC Buchanan Communications
Jonathan Henry Bobby Morse, Director
(Chief Executive and interim Finance Director) Ben Willey, Associate Director
020 7907 9000 020 7466 5000
www.avocet.co.uk www.buchanan.uk.com
Evolution Securities Limited
Rob Collins - 020 7071 4311
Grant Thornton (UK) LLP
Philip Secrett - 0870 991 2578
Notes to Editors
Avocet is a mining company listed on the AIM market of the London Stock
Exchange. The Company's principal activities are gold mining and exploration in
Malaysia (as 100% owner of the Penjom mine, the country's largest gold
producer), Tajikistan (as 75% owner and operator of ZGC, Tajikistan's principal
gold mine), and Indonesia (as 80% owner of the North Lanut gold mine in North
Sulawesi). The Company has a number of advanced mining and exploration projects
in Asia and owns 26% of Dynasty Gold Corporation, a Canadian listed exploration
company active in Western China.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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