CEO Changes

Hochschild Mining PLC 08 January 2008 Hochschild Mining plc (the 'Group') appoints Mr Miguel Aramburu as Chief Executive Officer and Mr Ignacio Bustamante as Chief Operating Officer The Board of Directors of Hochschild Mining plc yesterday approved the appointment of Mr Miguel Aramburu as Chief Executive Officer (CEO) of the Group. Mr Aramburu, who previously served as Chief Operating Officer, takes up his new post today, January 8, 2008. Prior to this appointment, the CEO responsibilities were exercised by Mr Eduardo Hochschild, Executive Chairman. Mr Ignacio Bustamante, formerly General Manager of Peru, succeeds Mr Aramburu as Chief Operating Officer. In his capacity as CEO, Mr Aramburu assumes responsibility for the day-to-day operations of the Group. As Executive Chairman, Eduardo Hochschild remains responsible for developing the Group's vision and long-term corporate strategy as well as leading the Board. Mr Aramburu joined the Hochschild Mining Group in 1995, when he was appointed General Manager of Compania Minera Pativilca, a previous subsidiary of the Group. He was appointed Chief Financial Officer of the Hochschild Mining Group in 2002 and General Manager of the Mining Division in 2005. Most recently, Mr Aramburu served as Chief Operating Officer of the Group. Mr. Aramburu graduated from the Pontificia Universidad Catolica del Peru in 1987 in Industrial Engineering and holds an MBA from Stanford University. Mr Bustamante joined the Hochschild Mining Group in 1992. Prior to his current position, he worked for Zemex Corporation, a subsidiary of Cementos Pacasmayo based in Atlanta, Georgia, serving first as Chief Financial Officer and Vice President of Business Development and later as its President. Mr Bustamante holds a BSc in Business and a BSc in Accounting from Universidad del Pacifico in Peru and an MBA from Stanford University. Eduardo Hochschild, Executive Chairman of Hochschild Mining plc, commented 'I am pleased to announce the appointments of Miguel Aramburu as Chief Executive Officer and Ignacio Bustamante as Chief Operating Officer of Hochschild Mining plc. These appointments represent a new stage in Hochschild's evolution as a London listed company committed to good corporate governance. The new organisational structure enables us to manage more effectively our business on a day-to-day basis in the context of our long-term strategy of creating value for our shareholders.' Enquiries: Hochschild Mining plc Wray Barber +44 (0)20 7152 6014 Head of Investor Relations Finsbury Robin Walker +44 (0)20 7251 3801 Public Relations About Hochschild Mining plc Hochschild Mining plc (HOCM.L for Reuters / HOC LN for Bloomberg) is a leading precious metals company listed on the London Stock Exchange with a primary focus on the exploration, mining, processing and sale of silver and gold. Hochschild currently operates five underground epithermal vein mines, four located in southern Peru and one in southern Argentina and one open pit mine in northern Mexico. Hochschild also has one early stage development project in Mexico and fifteen long-term prospects throughout Latin America. Hochschild has over forty years experience in the mining of precious metal epithermal vein deposits. For further information please visit www.hochschildmining.com - ends This information is provided by RNS The company news service from the London Stock Exchange
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