RE: Copper rally6 Dec 2020 11:39
LONDON, ENGLAND; NEWFOUNDLAND & LABRADOR, CANADA / ACCESSWIRE / March 6, 2019
/ Rambler Metals and Mining plc (AIM: RMM) (Rambler or theCompany) is pleased
to announce a change in senior leadership as the Company now focuses on
optimizing the performance of the Ming Mine. The Board of Directors has
appointed Sanjay Swarup to the position of Chief Financial Officer, effective
immediately.
Mr. Swarup holds a Masters of Business Administration from Cranfield School of
Management (Bedforshire, UK) and is a Chartered Accountant from India with
over 25 years experience in accounting and business consulting, with 15 of
those years in the resource industry. Mr. Swarup has worked with a range of
businesses such as BP plc, Mandalay Resources and Lonmin plc. Mr. Tim Slater,
the previous CFO, will assist with the transition of responsibilities to Mr.
Sanjay before he leaves the Company to pursue other interests.
Brad Mills, Chairman of Rambler commented, "I would like to thank Mr. Slater
for his significant contribution to Rambler over the years. I would like to
welcome Mr. Swarup to the position of CFO. The Board is looking forward to
working with the new management of Rambler to achieve its operational and
financial goals over the coming year."
Presently there is no Board position associated with this appointment.
ABOUT RAMBLER METALS AND MINING
Rambler is a mining and development company that in November 2012 brought its
first mine into commercial production. Rambler has a 100 per cent ownership in
the Ming Copper-Gold Mine, a fully operational base and precious metals
processing facility and year round bulk storage and shipping facility; all
located on the Baie Verte peninsula, Newfoundland and Labrador, Canada.
Following the completion of its recent productivity improvement initiative
Rambler's focus is on sustaining mine and mill production at 1,250 metric
tonnes per day. With a return to profitability and positive cash flow, Rambler
will continue advancing Phase III engineering studies with a view to further
increase production to 2,000 mtpd at the Ming Mine.
Along with the Ming Mine, Rambler also owns 100 per cent of the former
producing Little Deer/ Whales Back copper mines and has strategic investment
in the former producing Hammerdown gold mine.
Here's hoping Rambler Metals can be turned around in 2021