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EMED Mining Public (EMED)

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Thursday 19 September, 2013

EMED Mining Public

Resignation of CEO

RNS Number : 3897O
EMED Mining Public Limited
19 September 2013
 



19 September 2013

EMED Mining Public Limited

("EMED Mining" or the "Company")

EMED Mining Announces Resignation of CEO Harry Anagnostaras-Adams,

Rod Halliday Appointed Interim CEO

The Board of Directors of EMED Mining Public Limited (TSX:EMD, AIM:EMED) today announces that Company founder, Harry Anagnostaras-Adams has tendered his resignation as Managing Director and CEO of EMED Mining and will resign from the Board of Directors, effective immediately. The Board would like to thank Mr. Anagnostaras-Adams for his dedication, leadership and contribution to the Company during his tenure as CEO.  Mr. Rod Halliday, current CEO of EMED Mining subsidiary, EMED Tartessus, has been appointed interim CEO and Board member of EMED Mining while the Board conducts a search for a new CEO.  Mr. Jose Sierra, non-executive director of EMED Mining, has been appointed as the Chairman of EMED Tartessus.  Mr. Anagnostaras-Adams will remain a significant shareholder and option holder of EMED Mining and will remain Chairman of EMED Mining's affiliate, Kefi Minerals to focus on that company's development.

Mr. Anagnostaras-Adams tendered his resignation after the Company has made strong progress with the permitting process.  Mr. Anagnostaras-Adams has led EMED Mining to a strong position with regard to project planning, financing and team building.  The Board would like to express its continued confidence in the Rio Tinto Copper Project and the EMED Mining team and will appoint an appropriate new CEO to lead EMED Mining through the production stage of the project.

Mr. Anagnostaras-Adams said "As the Company moves into a phase of development and production, I have taken the decision to step down to allow the appointment of a new CEO with a skill set more appropriate to the future role.  I would like to thank shareholders for their continued support and look forward to the Company's transition into a major low cost European copper producer. 

EMED Mining is well placed as it approaches the production stage and I have full confidence in the ongoing team to take the project forward.  It has been a privilege to have worked with EMED and the entire Company's team, and to have the project advanced to its current state."

Mr. Ronnie Beevor, Chairman said "We would like to thank Harry for bringing EMED to this point in its journey to producer.  We wish him well in his endeavors with Kefi Minerals and look forward to EMED's continued progress and success"

        Enquiries

EMED Mining

Ronnie Beevor

+61 409326184

RFC Ambrian

Stuart Laing

+61 8 9480 2500

Fox-Davies Capital

Simon Leathers

+44 07976 686 985 

Bishopsgate Communications

Nick Rome

+44 207 562 3350

Proconsul Capital

Andreas Curkovic

+1 416 577 9927

                 

For further information on the Company's activities, visit www.emed-mining.com

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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