Chaarat Gold Holdings Ltd Management Changes (1190E)
26 Fevereiro 2020 - 4:00AM
UK Regulatory
TIDMCGH
RNS Number : 1190E
Chaarat Gold Holdings Ltd
26 February 2020
26 February 2020
Chaarat Gold Holdings Limited
("Chaarat" or the "Company")
Chaarat reinforces the management team
Chaarat (AIM: CGH), the AIM-quoted gold mining company with
assets in the Kyrgyz Republic and Armenia, is pleased to announce
the appointment of Vladimir Shvetsov as Senior Vice President for
Geology and Exploration and the earlier appointment of Vyacheslav
Pilipenko as Vice President for Government Relations and
Security.
Mr Shvetsov will take over from Dorian L. (Dusty) Nicol as
Senior Vice President for Geology and Exploration effective
immediately. Mr Nicol will continue to work closely with the
Company's Board and Mr Shvetsov in an advisory capacity but will be
retiring from his full-time executive role.
Mr Shvetsov has over 40 years of mining industry experience and
has been involved in every level of mineral exploration in the gold
mining business. He started his career in the 1970s as a geologist
in Pre-Arctic Ural, following which he headed up the geological
departments of a number of major gold mining companies globally, in
Russia, and in the CIS. During his career Mr Shvetsov has led the
exploration, design and implementation of numerous early and
advanced-stage gold exploration projects, as well as prospected
mine evaluations through M&A, geological audits and consulting
on all aspects of geology and exploration.
Between 2014 and 2018 Mr Shvetsov served as Head of the Geology
Department of GV Gold and prior to this, he spent 6 years
(2007-2013) at Nord Gold N.V. as Director of Geology. At both
companies he transformed the businesses by creating integrated
Geological Departments.
In 2006, Mr Shvetsov initiated the creation of a gold business
for Severstal as Director of Geology. He was also responsible for
analytics and evaluation for M&A, geological exploration, and
geological supervision and data support for mining operations.
Between 1992 and 2002 Mr Shvetsov spent 9 years in West Africa,
managing exploration for gold and diamond mining companies,
including Nora Exploration Inc. and Fairstart Exploration Inc. In
addition, Mr Shvetsov led the discovery and expansion of several
gold deposits, including: the East Subriso and West Subriso Gold
Deposits in Ghana, the Gross Gold Deposit in South Yakutia , the
Buly Gold Deposit in Burkina-Faso, the Uryach Gold Deposit in the
north of the Irkutsk region, Zun-Holba-2 (deep levels of the
Zun-Holba Gold Deposit in Buryatia) and several new ore bodies in
the Irokinda Gold Deposit in north Buryatia.
Mr Shvetsov will bring with him a team of highly seasoned
professionals who, together, will strengthen the mining and geology
department at Chaarat.
Mr Pilipenko has 15 years of experience working for major
Russian and world leading companies, including aluminum producer UC
Rusal and state-owned energy company InterRAO, as well as serving
for 7 years for the Presidential Administration of the Russian
Federation.
Mr Pilipenko successfully managed a number of government
relations projects for Russian and international companies,
including development of government relations strategies,
maintaining effective interaction with state authorities and
political organizations and representing interests of companies in
Central Asia.
As part of our continued focus on improving its corporate
governance, Frances Robinson joined Chaarat as company secretary in
January this year. Mrs Robinson is a qualified lawyer in England
and Wales and has more than 15 years' experience as a FTSE company
secretary.
Artem Volynets, Chief Executive Officer, commented:
"I am very excited to welcome new members to our management
team, all of them are a great addition to our Company. Chaarat will
benefit from Vladimir's many years of experience, ranging from the
roots of geological exploration up to advanced stages of project
development. Vyacheslav's experience and skills in collaboration
with major stakeholders will also be invaluable to both operations
in Armenia and Kyrgyzstan. The appointment of Frances with her
extensive listed-company experience is another step towards
improving Chaarat's governance.
As we continue to strengthen our team, these appointments are
instrumental in continuing our strategy and efforts to become a
major emerging markets gold company with an initial focus on
Central Asia and the Former Soviet Union.
"I would also like to take this opportunity to thank Dusty for
his many contributions to the transformation of Chaarat into a new
company and look forward to our continued collaboration".
Enquiries
Chaarat Gold Holdings Limited
Artem Volynets (CEO) +44 (0)20 7499 2612
info@chaarat.com
Numis Securities Limited
John Prior, Paul Gillam (NOMAD) +44 (0) 20 7260 1000
James Black (Corporate Broking)
SP Angel + 44 (0) 20 3470 0470
Ewan Leggat (Joint Broker)
Tavistock
Charles Vivian +44 (0)20 7920 3150
Gareth Tredway chaarat@tavistock.co.uk
Barney Hayward
About Chaarat
Chaarat is a gold mining company which owns the Kapan operating
mine in Armenia as well as Tulkubash and Kyzyltash Gold Projects in
the Kyrgyz Republic. The Company has a clear strategy to build a
leading emerging markets gold company with an initial focus on
Central Asia and the FSU through organic growth and selective
M&A.
Chaarat is engaged in active community engagement programmes to
optimise the value of the Chaarat investment proposition.
Chaarat aims to create value for its shareholders, employees and
communities from its high-quality gold and mineral deposits by
building relationships based on trust and operating to the best
environmental, social and employment standards. Further information
is available at www.chaarat.com .
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contact rns@lseg.com or visit www.rns.com.
END
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