17 Dec 2013 07:00
17 December 2013
Kemin Resources Plc("Kemin" or the "Company")
Director Appointment
Kemin Resources plc (AIM: KEM), the tungsten and molybdenum exploration and development company with substantial interests in Kazakhstan, announces the appointment of Neil Herbert to the board as an independent Non-Executive Director with immediate effect.
Neil is a Fellow of the Association of Chartered Certified Accountants and has over 20 years of experience in finance. He has been involved in the management of mining and exploration companies for over 15 years and, until October 2013, was Co-Chairman and Managing Director of AIM quoted Polo Resources Limited (AIM: POL), a natural resources and mine development investment company. Prior to this, he was Financial Director for UraMin Inc., an African focussed uranium exploration company, from 2005-2007 during which period he worked to float the company on AIM and the Toronto Stock Exchange in 2006, raise c.US$400 million in equity financing and negotiate the sale of the group to Areva for US$2.5 billion.
Neil has also held board positions at several other resource companies where he has been involved in managing numerous acquisitions, disposals, stock market listings and fundraisings. Neil holds a Joint Honours Degree in Economics and Economic History from the University of Leicester.
Ashar Qureshi, Non-Executive Director, commented:
"We are delighted to welcome Neil as a Non-Executive Director of the Company; his wealth of experience of working with natural resource companies and the public equity markets will be of significant benefit to the Company as it looks to continue its development."
Neil Herbert, newly appointed Non-Executive Director, commented:
"I am very pleased to join the Board of Kemin at this important stage in its development of its tungsten-molybdenum project and look forward to working with the Board and management as we progress to complete the definitive feasibility study and beyond."
Neil Herbert, aged 47, is currently a Director of, or during the past five years has been a Director of, the following companies:
Current Directorships: Agroamerica Limited Exmin Consulting Limited Eshmond Films Limited GCM Resources plc GZ Laboratories Holdings Limited Nimini Holdings Limited Premier African Minerals Limited UrAmerica Limited | Past Directorships: Andina Gold Corp Andulela Investment Holdings Limited Enk plc Ferrum Resources Limited Haro Mercantile Inc Ironstone Resources Ltd Minfer Holdings Limited MUC Resources Limited Peabody-Polo Resources BV Polo Australasia Limited Polo Arrieros Limited Polo Bangladesh Limited Polo Coal Limited Polo Copper Corporation Limited Polo Cuprita Limited Polo Direction Limited Polo Indocoal Holdings Ltd Polo Indogold Holdings Ltd Polo Iron Limited Polo NV Polo Resources Cooperatief U.A. Polo Resources Limited Signet Petroleum Limited Sunrise Resources plc Vatukoula Gold Mines plc Vitorian Properties Limited World Coal Works Corporation ZimDiv Holdings Limited |
There is no further information to be disclosed under Rule 17 or Paragraph (g)of Schedule 2 of the AIM Rules for Companies.
Enquiries:
Kemin Resources PlcBogdan Poustovoi | +44 (0) 207 932 2455 |
Strand Hanson (Nomad and Joint Broker)Andrew EmmottRitchie Balmer | +44 (0) 207 409 3494
|
Peat & Co. (Joint Broker)John Beaumont, COO and Head of Research
| +44 (0) 203 540 1720+44 (0) 203 540 1723 |
Blythe Weigh Communications (Financial PR)Tim BlytheHalimah HussainCamilla Horsfall | +44 (0) 207 138 3204 +44 (0) 7816 924626 +44 (0) 7725 978141 +44 (0) 7817 841793 |