– UK – Berkeley Mineral Resources Plc, which is primarily engaged in processing mining tailings at Kabwe, Zambia through its wholly-owned subsidiary Enviro Processing Ltd (“EPL”), is pleased to announce that, following the departure of Mr Masoud Alikhani who resigned from the Board on 17 October 2014 for health reasons, Mr Alex Borrelli has been appointed as Chairman of the Board.
Alex Borrelli, FCA, aged 58, qualified as a chartered accountant with Deloitte, Haskins & Sells, London in 1982. He then moved into investment banking, with Shore Capital, Granville and CCF Laurence Prust, and has acted on a wide variety of corporate transactions in a senior role for over 20 years, including flotations, takeovers, mergers and acquisitions for private and quoted companies (on the Official List, AIM, and PLUS, now ISDX). Alex was, until recently, chairman of Ablon Group Limited, a real estate group with a portfolio valuation of ca EUR400 million in Central Europe (formerly listed on the Main Market, standard segment, of the London Stock Exchange prior to being the subject of a successful cash offer in 2013). He is a non-executive director of a number of listed and unquoted companies including Metal Tiger plc and Prego International Limited.
As Chairman of the Company, Mr Alex Borrelli said: “I would like to acknowledge the considerable achievement of Masoud Alikhani, my predecessor as Chairman of BMR. Under his stewardship, BMR acquired the impressive resources of lead and zinc at the Kabwe mine and has secured the necessary licences and environmental approvals to allow processing to commence.
“I now look forward to working with Mark Wainwright who has taken the role as Acting Chief Executive Officer and who provides continuity from his years as a non-executive director.”
Acting CEO Mark Wainwright commented: “We welcome Alex as the Company’s new Chairman. The technical specifications of the washplant tailings processing plant at Kabwe are currently being finalised by our consultants and the Board is intent in proceeding to production as soon as possible.”
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.
