UK & South Africa – Mwana announces that Oliver Baring has resigned from the Board of the Company with immediate effect. Mr Stuart Morris, who is Chairman of the Audit Committee, has been appointed interim Chairman and will fulfil that role until a new Chairman has been appointed.
Kalaa Mpinga, Chief Executive Officer of Mwana, commented: “During his time as Chairman of Mwana, Oliver has been instrumental in helping Mwana progress its projects in both Zimbabwe and the DRC, and he has made a considerable contribution to the company. On behalf of the rest of the Board, I would like to express our thanks to Oliver for his many years of service with Mwana Africa and wish him well in the future.”
About Mwana Africa
Mwana Africa PLC is a pan-African, multi-commodity mining and development company. Mwana’s principal operations and exploration activities cover gold, nickel, copper and diamonds in Zimbabwe, the DRC and South Africa.
Mwana’s Freda Rebecca gold mine in Zimbabwe, having restarted operations in 2009, produced 65,350 ozs of gold in the 12 months to March 2013.
In February 2013, Mwana announced that the gold mineral resource at its Zani Kodo project in Democratic Republic of Congo had increased to 2.6 million ounces.
In February 2013, Mwana announced it had signed a Joint Venture Agreement with Zhejiang Hailiang Company Limited to jointly explore some of its copper license areas in the Katanga Province of the DRC.
The restart of operations at The Trojan Nickel Mine (owned by Mwana’s Zimbabwe subsidiary Bindura Nickel Corporation (“BNC”)) followed four years during which all of the BNC assets were on care and maintenance. In September 2012, BNC carried out a restructuring and recapitalisation involving US$23m being invested into BNC which has allowed it to restart the Trojan mine. First sale of concentrate to Glencore took place in April 2013.
- 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.
