Last checked at 26 Mar 2012 07:00
For immediate release: Monday 26 March 2012
Strategic Minerals Plc
("Strategic Minerals" or the "Company")
Appointment of Non-Executive Director
The Board of Strategic Minerals Plc (AIM:SML), the magnetite focused iron ore producer and exploration company, is delighted to announce that George Cardona has been appointed as a Non-Executive Director of the Company, with immediate effect.
Mr Cardona has extensive experience in strategic advice, finance and general management having served as a board member for a range of finance and natural resources companies.
An Oxford University graduate and formerly a Special Adviser to the British Treasury, Mr Cardona spent the first half of his career in banking and politics before spending 15 years with HSBC performing several managerial roles around the world. In 2000 he left HSBC and formed Cardona Lloyd & Co, a corporate finance advisory and asset management company, which he ran for 7 years. From 2006 he became a Director and eventually Chairman of Linea Limited, a privately owned company with interests in companies such as OJSC EuroChem Mineral and Chemical Company, OJSC Siberian Coal Energy Company and K+S AG, Germany (a DAX-30 listed mining company). He has been a director of a number of other listed companies both in the UK and around the world, including Renewable Energy Generation Limited and Martin Currie Pacific Trust plc.
Chairman of Strategic Minerals, Steven Sanders, commented:
"We are delighted to have Mr. Cardona join our board. He is a highly esteemed and respected individual whose wealth of experience in both the financial sector and natural resources sector will add great value to our board as well as our company's vision."
George Spyridon Cardona (aged 60) is or has been a director of the following companies in the last 5 years:
Current Directorships:
OJSC Siberian Coal Energy Company
Linetrust PTC Limited
Linea Limited
Valise Limited
OJSC EuroChem Mineral and Chemical Company
Hamilton Jets Limited
Hamilton Art Limited
K+S AG
Donalink Limited
EuroChem A.M.
Erglis Limited
Harewood House Limited
Valton Limited
SUEK plc
Siberian Energy Investments Limited
Directorships within the last 5 years:
Cardona Lloyd & Co Limited
Cardona Lloyd (Guernsey) Limited
Cardona Lloyd Hedge Portfolio Limited
Martin Currie Pacific Trust plc
Renewable Energy Generation Limited
MDM Bank
Linebrook Limited
MDM Holding AG
Linesey Limited
Cardona Lloyd Europe LLP
Antilles Limited
Greencorp SA
Diversified Macro Solutions plc
Visioninc Limited
Mr Cardona holds 4,084,030 ordinary shares in the Company.
For further information:
Company | |
Strategic Minerals plc | |
Matthew Bonthrone/Alex Borrelli | +44(0) 20 7887 1912 / +44(0) 7730 402 783 |
Nominated Adviser/Joint Broker | |
Allenby Capital Limited | |
Jeremy Porter / James Reeve | +44 (0) 20 3328 5656 |
Joint Broker | |
Daniel Stewart & Company Plc | |
Sean Lunn / David Hart | +44 (0) 20 7776 6550 |
Public Relations | |
GTH Communications Limited | |
Toby Hall / Suzanne Johnson Walsh | +44 (0) 20 3103 3903 |
About Strategic Minerals
Strategic Minerals plc (AIM: SML) is developing a portfolio of projects that provide near term production along with those that potentially offer longer term capital gains. Strategic Minerals currently holds iron ore stockpile assets in North America and exploration properties in Australia. In March 2012, the Company signed a significant off-take agreement with Glencore AG for its Cobre Project in North America.
www.strategicminerals.net