– UK, London – Cradle Arc (AIM:CRA), the African focused base and precious metals exploration and production company, today announced the appointments of Roy Pitchford and Michael Golding as Non-Executive Chairman and Non-Executive Director respectively, with immediate effect.
Accordingly, Toby Howell has stepped down from the Board of the Company with immediate effect in order to pursue his other business interests. The Company would like to thank Mr Howell for his contribution towards its development and wishes him well for his future endeavors.
About Roy Pitchford
Mr Pitchford has in excess of 25 years’ senior management and executive experience in Southern Africa in the mining industry. During his career in the resource development arena he has held the position of Chief Executive Officer or Managing Director for Vast Resources Plc, Central African Gold PLC, African Minerals Limited, Cluff Resources Zimbabwe Limited, Delta Gold Zimbabwe (Pvt) Limited, African Platinum plc and Zimbabwe Platinum Mines Ltd. He is a Zimbabwean citizen who was educated in Bulawayo, where he subsequently qualified as a Chartered Accountant. He is a past President of The Chamber of Mines of Zimbabwe.
About Michael Golding
Mr Golding has over 20 years’ of corporate and project finance experience during which time he has advised on in excess of 50 transactions in the mining industry. He was previously the South African head of Corporate Finance for Billiton Plc, following which he acted as a director at HSBC Investment Services Africa Limited, Actis Plc and Imara Holdings Ltd. He currently serves as Non-Executive Chairman to CCP 12J Fund Limited and has run a boutique corporate and project advisory business for over 10 years. He is a member of the South African Institute of Chartered Accountants and holds the degree of Master of Business Leadership from the University of South Africa.
About Cradle Arc
AIM-quoted Cradle Arc plc is the 60 per cent. owner of the Mowana copper mine in Botswana, a fully operational open pit mine and processing facility located in the north-east of the country, approximately 120km northwest of Francistown.
The Company recently released a maiden open pit ore reserve estimate of 31.8Mt at 1.17% Cu for 370,800 tonnes contained copper metal, based on a Dense Media Separation mine plan.
For more information :
- 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.
