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Chaarat Gold Hlgs Ld (CGH)


Friday 24 September, 2021

Chaarat Gold Hlgs Ld

Appointment of Chief Executive Officer

RNS Number : 8797M
Chaarat Gold Holdings Ltd
24 September 2021

24 September 2021


Chaarat Gold Holdings Limited

("Chaarat" or the "Company")


Appointment of Chief Executive Officer


Further to the announcement made on 5 August 2021, Chaarat (AIM:CGH), the AIM-quoted gold mining Company, is pleased to announce the appointment of Mike Fraser to the Chaarat board as Chief Executive Officer with effect from 17 January 2022.

Mike brings over 20 years of extensive experience in the global mining and metals industry.  In April 2018 he was appointed Chief Operating Officer of ASX-listed South32 Limited and prior to that he was President and Chief Operating Officer of its Africa region. During his time at South32 he has been directly responsible for the operations of underground mines, smelters, and project development.  Throughout his career he has held a number of senior roles, including Human Resources President of dual LSE- and ASX-listed BHP Limited and Asset President of Mozal Aluminium in Mozambique.

Martin Andersson, Executive Chairman and Interim Chief Executive Officer of Chaarat, said:  "Mike brings a wealth of mining and metals industry experience, and I am delighted that he is joining Chaarat.  His impressive track record for driving operational performance and culture will mean he is well-equipped to drive our performance going forward.

Mike Fraser, incoming Chief Executive Officer, commented : "I am excited to be joining Chaarat and taking it onto its next stage of development."



Further information relating to the director appointment

Mr Michael (Mike) John Fraser (aged 56) has confirmed that, other than the information disclosed below there are no matters to be disclosed under Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules.

Current directorships/partnerships:

African Metals Proprietary Limited

Aluminium Management Company of Mozambique Proprietary Limited

Fraser Trust

Half Moon Investments

Hillside Aluminium Proprietary Limited

Hotazel Manganese Mines Proprietary Limited

Minerals Council South Africa

Mozal Community Development Trust

Mozal SA

Samancor Manganese Proprietary Limited

South32 Africa Proprietary Limited

South32 Coal Proprietary Limited

South32 SA Holdings Limited

South32 SA Limited

Previous directorships/partnerships held in the last five years:

Richards Bay Coal Terminal Proprietary Limited

Seriti Power Proprietary Limited

South32 Worsley Alumina Pty Ltd

Shareholding in the Company:



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Chaarat Gold Holdings Limited

+44 (0)20 7499 2612

Martin Andersson (Executive Chairman)

[email protected]

Canaccord Genuity Limited (NOMAD and Joint Broker)

+ 44 (0)20 7523 8000

Henry Fitzgerald-O'Connor

James Asensio

finnCap Limited (Joint Broker)

+44 (0)20 7220 0500

Christopher Raggett

Panmure Gordon (UK) Limited (Joint Broker)

+44 (0)20 7886 2500

John Prior

Hugh Rich



About Chaarat

Chaarat is a gold mining company which owns the Kapan operating mine in Armenia as well as Tulkubash and Kyzyltash Gold Projects in the Kyrgyz Republic. The Company has a clear strategy to build a leading emerging markets gold company with an initial focus on the Former Soviet Union through organic growth and selective M&A.

Chaarat is engaged in active community engagement programmes to optimise the value of the Chaarat investment proposition.

Chaarat aims to create value for its shareholders, employees and communities from its high-quality gold and mineral deposits by building relationships based on trust and operating to the best environmental, social and employment standards. Further information is available at .






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