– UK, London – Anglo Pacific Group PLC (LSE: APF, TSX: APY) is pleased to announce the appointment of David Archer as an independent non-executive director of the Company, effective from October 15, 2014. David will serve on the Company’s nomination committee and as chair of the Company’s remuneration committee.
David has over 34 years’ international resources industry experience in the Americas, Asia, Australia and the Middle East. He currently holds the position of Chief Executive Officer of AIM-listed Savannah Resources PLC, which owns majority stakes in a mineral sands project in Mozambique and a copper project in Oman.
David was previously Managing Director of ASX-listed company Hillgrove Resources Limited, where he was responsible for growing the company into a significant, dividend paying, mineral explorer and copper producer with assets in Australia and Indonesia. He also founded and was Deputy Chairman of Savage Resources Limited, a coal, copper and zinc producer.
The Company also announces that Paul Cooke has resigned as a director of the Company with effect from October 15, 2014, in order to pursue further endeavours. Anglo Pacific wishes Paul every success for the future.
Mike Blyth, Chairman of the Company, comments on the board changes: “Anglo Pacific is delighted to welcome David Archer to the Board. David’s experience in scaling Savage Resources and Hillgrove Resources into significant entities, combined with extensive board experience and an in-depth knowledge of the Australian and African mining sector will prove invaluable to Anglo Pacific as the Company seeks to grow its royalty business via transformative transactions funded by debt and equity. I would also like to thank Paul Cooke for his valuable advice and contribution to the Company.”
David Archer, incoming non-executive director, commented: “I am delighted to have been invited to join the board of Anglo Pacific. The Company is at an exciting point to grow its business model which meets both the demand from the resources industry for innovative financing and at the same time provides an attractive alternative for an investment community eager for enhanced returns from investment in resources.”
About David Archer
David Archerhas over 34 years’ international resources industry experience in the Americas, Asia, Australia and the Middle East. He is the Chief Executive Officer of Savannah Resources PLC, the AIM-listed company which owns majority stakes in a mineral sands project in Mozambique and a copper project in Oman,and was previously the Managing Director of ASX listed company, Hillgrove Resources Limited, growing Hillgrove into a significant, dividend paying, mineral explorer and copper producer with assets in Australia and Indonesia.
Mr Archer was the founder and Deputy Chairman of Savage Resources Limited, a coal, copper and zinc producer, and also the founder and Executive Chairman of PowerTel Limited. Mr Archer is also a barrister (non-practicing) of the Supreme Court of New South Wales.
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