Resignation of Non-Executive Chairman and Director
China Nonferrous Gold Limited
20 April 2015
China Nonferrous Gold Limited
ä¸å›½æœ‰è‰²é»„金有é™å…¬å¸
(“CNG†or the “Companyâ€)
Resignation of Non-Executive Chairman and Director
China Nonferrous Gold Limited ä¸å›½æœ‰è‰²é»„金有é™å…¬å¸ (AIM: CNG), the mineral exploration and development company currently developing the Pakrut gold project (the “Projectâ€) in the Republic of Tajikistan announces the resignation with immediate effect, from the board of the Company of Mr Tao Luo who held the positions of Non-Executive Chairman and Non-Executive Director of the Company.
Mr. Tao Luo’s resignation follows his retirement as President from China Nonferrous Metals Mining (Group) Corp. (CNMC) and Chairman of China Nonferrous Metals Int'l Mining Co., Ltd (CNMIM), CNG’s largest shareholder.
The board of the Company would like to thank Mr Luo, for his contribution to the development of CNG and the Pakrut gold project, and wishes him well in his retirement.
For further information please visit the Company’s website (www.cnfgold.com) or contact:
China Nonferrous Gold Limited
David Tang, Managing Director
Tel: +86 10 8442 6681
Investec Bank Plc
Jeremy Ellis, George Price
Tel: +44 (0)20 7597 5970
Project Summary
The Pakrut gold project, of which CNG has 100 per cent ownership, is situated in Tajikistan approximately 120km northeast of the capital city Dushanbe. Pakrut is located within the Tien Shan gold belt, which extends from Uzbekistan into Tajikistan, Kyrgyzstan and Western China, and which hosts a number of multi-million ounce gold deposits.
About Tajikistan
Tajikistan is a secular republic located in Central Asia. The country is a member of the Commonwealth of Independent States and the Shanghai Cooperation Organisation. Tajikistan hosts numerous operating precious metal mines as well as the largest aluminium smelter in Central Asia. CNG's management team has extensive experience in the mining industry in Tajikistan.