Senior Management Changes

RNS Number : 0264W

Chaarat Gold Holdings Ltd

27 July 2018

 

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Senior Management Changes

27 July 2018

Chaarat (AIM: CGH), the AIM-quoted exploration and development company with assets in the Kyrgyz Republic, is pleased to announce the appointment of Christopher Eger as Chief Financial Officer and Dmitry Yudin as Head of Strategy and Business Development. Chris and Dmitry will join the business by the end of this month.

Christopher has extensive financial, M&A and commercial expertise in the Metals and Mining sector, gained over a 20-year career in investment banking, metals trading and private equity. He was previously the Chief Financial Officer of Nyrstar NV, where he played a major role in developing and implementing the Company's transformation strategy in addition to strengthening the balance sheet. Prior to that, he was M&A Director at Trafigura AG and a member of the investment banking group of Bank of America Merrill Lynch, where he worked with metals and mining companies on debt and equity financing and M&A. He also worked as a Director in the Global Metals and Mining Group at BMO Capital Markets.

Dmitry was previously Managing Partner at ACG Amur Capital Group, an asset management and investment advisory firm specialising in Eurasian energy, metals and mining markets. For a decade prior to co-founding ACG, Dmitry served as a senior M&A and Strategy Executive at some of Russia's largest natural resource and industrial conglomerates including UC RUSAL and En+ Group, with direct involvement in a number of high-profile public and private market transactions. Earlier in his career, he worked in equity research and investment banking at Merrill Lynch, BNP Paribas and HSBC in London, covering Russia and the broader EMEA region. Dmitry will take charge of Chaarat's M&A pipeline execution.

Dorian (Dusty) Nicol, currently a Non-Executive Director at Chaarat, will be moving to an executive position as Technical Director and Head of Exploration with immediate effect. Dusty has over 40 years' experience in the mining sector and has been instrumental in supporting the exploration and construction of the Tulkubash Project and subsequent development of the Chaarat deposit.

Pete Gardner, Chaarat's current CFO, will leave the company, following a transitionary period.

Martin Andersson, Executive Chairman of Chaarat, commented: "We are delighted that Chris and Dmitry have agreed to join Chaarat at this exciting phase in the Group's development.  Both bring a wealth of knowledge regarding the successful growth of public mining businesses and will be a real asset to our management team as we continue towards our goal of becoming a mid-tier gold producer.

"I would like to thank Pete Gardner for his help in a time of transition for the company and wish him all the best in his future endeavours."   

Enquiries

Chaarat Gold Holdings Limited Martin Andersson (Chairman)	[phone]
Artem Volynets (CEO)	[e-mail]
Numis Securities Limited
John Prior, Paul Gillam (NOMAD)	[phone]
James Black (Corporate Broking) Blytheweigh (Financial PR) Tim Blythe Camilla Horsfall	[phone]
Powerscourt
Conal Walsh	[phone]
Matthew Attwood Isabelle Saber	[e-mail]

About Chaarat Gold

Chaarat Gold is an exploration and development company operating in the Kyrgyz Republic with a large, high grade resource - the Chaarat Gold Project. The Company's key objective is to become a low-cost gold producer generating significant production from the development of the Chaarat Gold Project. Chaarat is engaged in an active community engagement programme 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 in the Kyrgyz Republic 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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