Intl Mining & Infrast Corp PLC Directorate Change (6789E)
11 Fevereiro 2015 - 2:23PM
UK Regulatory
TIDMIMIC
RNS Number : 6789E
Intl Mining & Infrast Corp PLC
11 February 2015
11 February 2015
INTERNATIONAL MINING & INFRASTRUCTURE CORPORATION PLC
("IMIC" or the "Company")
Directorate Change
International Mining & Infrastructure Corporation plc (AIM:
IMIC), the company focused on unlocking the value of African iron
ore, announces that Dr Babacar Ndiaye, a Non-Executive Director of
the Company, has stepped down from the Board with immediate
effect.
Dr Ndiaye has decided to step down to pursue business
commitments in his home country, Senegal. During more than three
years at IMIC, the Company benefited greatly from Dr Ndiaye's
financial and diplomatic expertise and from his wealth of
experience in the African natural resources and banking
sectors.
Ethelbert Cooper, IMIC's Chairman, commented: "On behalf of the
Board, I would like to take this opportunity to extend my sincere
thanks to Babacar for his support and for his valuable contribution
to IMIC while serving as a Non-Executive Director. As I commence my
Chairmanship of the Company, I wish him every success for the
future with his other business activities."
For further information, please contact:
International Mining and Infrastructure www.imicplc.com
Corporation plc
Ethelbert Cooper, Chairman
Haresh Kanabar, Chief Financial +44 (0) 20 7290
Officer 3340
Strand Hanson Limited - Financial www.strandhanson.co.uk
& Nominated Adviser +44 (0) 20 7409
James Spinney / Ritchie Balmer 3494
/ James Bellman
Pareto Securities Limited - Sole www.paretosec.com
Broker +44 (0) 20 7786
Guy Wilkes / Will Slack 4370
Buchanan www.buchanan.uk.com
Mark Court / Sophie Cowles +44 (0) 20 7466
5000
About IMIC
About IMIC
IMIC's strategy is, in conjunction with its partner AIOG, to
develop fundable solutions to infrastructure provision for iron ore
resources in West and Central Africa. In support IMIC will seek to
acquire interests in junior iron ore miners which would benefit
from a specific infrastructure solution. IMIC made its first
investment with the Dec 2013 acquisition of Afferro Mining Inc,
taking ownership of four iron ore deposits in Cameroon, the most
advanced asset being Nkout. IMIC plans to continue to develop its
assets, including accelerating the feasibility studies of the
smaller Ntem deposit, which is located only 80km from Kribi deep
water port.
IMIC's focus will initially be on iron ore opportunities in West
and Central Africa. The demand for iron ore is currently being
driven by China which consumes approximately 70 per cent. of the
world's current annual production. As the urbanization of China
continues demand for iron ore is expected to remain at significant
levels through to 2030. The iron ore projects currently identified
in West and Central Africa have the potential to produce at least
400 million tonnes of iron ore each year. This would establish
Africa as a global player, alongside Australia and Brazil, in the
iron ore industry.
In order to help deliver its infrastructure solutions, IMIC and
AIOG have established strategic partnerships with various Chinese
state owned companies. These companies are involved in railway and
port construction, power, iron ore beneficiation and iron ore
marketing. These relationships are intended to give IMIC and AIOG
the ability to work with relevant governments and financial
institutions to deliver infrastructure solutions and to guarantee
the onward sale of iron ore in China.
IMIC shares are traded on the London Stock Exchange's AIM market
under the ticker symbol IMIC.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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