– UK, London – Arc Minerals Limited (AIM:ARCM), today announced the appointment of Don Bailey as a director of Arc Minerals effective from 1st June 2018. Mr Bailey, a former head of mining operations for Rio Tinto in Africa, South America and Europe, spent 30 years with Rio Tinto where as Joint Global Head of Mining Operations he was responsible for the development of numerous major international projects including the Escondida mine in Chile, the Moro d’Oro mine in Brazil and the Neves Corvo mine in Portugal. He was also a director of a number of Rio Tinto international companies including Palabora Mining and Rossing Uranium in Africa.
Subsequent to his time with Rio Tinto, Don was a founder member, CEO and Chairman of LionOre Mining International Ltd which developed from a startup into a mid-tier mining company and was ultimately acquired by Norilsk Nickel in June 2007 which generated a significant return to LionOre shareholders.
Don’s primary responsibility will be to lead the development of Zamsort’s commercial scale demonstration plant processing copper and cobalt as well as to help drive the strategy with regard to developing Zamsort into a world class copper/cobalt opportunity.
Nick von Schirnding, Executive Chairman of Arc Minerals commented : “Don Bailey brings a wealth of knowledge and experience to the ARC Board both in the corporate and operational arenas with more than 50 years in the industry. Since late last year I have been working closely with Don and I have been greatly impressed by his drive and energy. I am delighted to strengthen our team with Don’s arrival and look forward to reporting back to shareholders with further progress going forward.”
Don Bailey commented: “I am very pleased to be joining the board of Arc Minerals as they deliver on what is a major transformation of the Company. My starting point when I joined LionOre is in many respects similar to where Arc Minerals stands today and I look forward to working closely with Nick and his team to take the company to the next level.”
Arc Minerals is an AIM listed exploration and mine development company focused on a diversified portfolio of mining projects with interests in Slovakia, Eritrea, the Democratic Republic of the Congo and Zambia.
For more information : http://www.arcminerals.com
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