Last checked at 17 Sep 2010 07:10
Hambledon Mining Plc
("Hambledon" or "the Company")
Change of Directorate
16 September 2010
Hambledon is pleased to announce the following board and management changes as it moves to a new phase in its development.
Mr. Timothy John Daffern has been appointed as a director and Chief Executive Officer of the Company. Mr. Daffern has over 22 years experience in the mining sector. He holds a degree in Mining Engineering from the University of New South Wales and an MBA from the Open University. He was Director of Mining and Exploration of Angel Mining plc, with operations based in Greenland, and was previously Technical Director and Principal Engineer of Wardell Armstrong, the mining consultants, for four years from 2005 to 2008. He has extensive underground mining experience gained in Australia and the UK.
Nick Bridgen will step down as Chief Executive Officer of the Company but will remain on the board of the Company as a non-executive director.
The Company extends its warm thanks to Mr Bridgen, who, having founded the Company in 1998 is leaving the CEO role after almost twelve years of service.
On accepting his new role, Mr Daffern commented "I am extremely pleased to take on my new role at Hambledon. The development of the underground mine represents a truly exciting opportunity and Kazakhstan has many other opportunities for ambitious companies to develop. We intend to take advantage of them."
George Eccles, Chairman of Hambledon, said: "I would like to pay tribute to Nick as the founder, guiding light and major shareholder of the Company. Throughout its existence, he has been unswerving in his dedication to seeing the Sekisovskoye project through to fruition. It has not been an easy ride, but open pit and processing operations are now going well and we are on the verge of the main part of the project - the underground mining.
Not only does Tim have excellent credentials, but he is experienced in operating in extreme cold conditions. We are fortunate to have him and the Company is confident that it has the right set of skills and experience required to address the next phase of its development.
I am pleased that Nick has agreed to stay on as a non-executive director, so the board will continue to benefit from his knowledge and experience."
Current and past directorships of Mr Daffern in the last five years are:
Angel Mining plcGreenland Resources Limited
In accordance with the AIM Rules, the Company confirms that there are no additional matters relating to Mr Daffern that would require disclosure under Schedule 2(g).
Enquiries:
Hambledon Mining:
Telephone +44 (0)20 7233 1462Charles Zorab
Fairfax I.S. PLC:
Telephone +44 (0)207 598 5368Nominated Adviser and BrokerEwan Leggat
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