BOARD APPOINTMENT - FURTHER DISCLOSURE


 

TIDMAVM 
 
RNS Number : 1159Q 
Avocet Mining PLC 
29 July 2010 
 

29 July 2010 
 
                                AVOCET MINING PLC 
 
                     BOARD APPOINTMENT - FURTHER DISCLOSURE 
 
Further to the announcement made yesterday, Avocet Mining PLC ("Avocet" or the 
"Company") is pleased to provide additional information regarding Brett Richards 
following his appointment as Chief Executive Officer with immediate effect. 
 
Brett Allan Richards (age 46) has been working with Avocet in the capacity of 
Interim CEO since 1 June 2010 and previously as Executive Vice President, 
Corporate Affairs since June 2009. Prior to that, he held various senior 
management positions in a variety of mining and metals companies over a 25 year 
career. Most recently Brett was a senior vice-president of Katanga Mining 
Limited from 2005 to 2009, and prior to that was in senior management roles at 
Kinross Gold and Co-Steel Inc., both in Toronto.  Brett is a graduate in 
Mechanical Engineering Technology and has an Executive MBA from the Johnson 
School of Business at Cornell University, New York. 
 
Details of the companies and partnerships of which Mr. Richards has been a 
director or partner in the last five years are set out below: 
 
+------------------------------------+------------------------------------+ 
| Current Directorships and          | Former Directorships and           | 
| Partnerships                       | Partnerships                       | 
|                                    |                                    | 
+------------------------------------+------------------------------------+ 
| None                               | Kamoto Copper Company (DRC)        | 
+------------------------------------+------------------------------------+ 
|                                    | Kamoto Operating Limited (DRC)     | 
+------------------------------------+------------------------------------+ 
 
Brett holds 512,125 ordinary Avocet shares, and on 12 November 2009 was awarded 
250,000 options at an exercise price of 90.75 pence. 
 
There is no further information to disclose in relation to Brett's appointment 
pursuant to Schedule 2, paragraph (g) of the AIM Rules for Companies. 
 
+------------------+---------------------+------------------+------------------------+------------------+---------------+ 
| For further information please contact:                                                                               | 
+-----------------------------------------------------------------------------------------------------------------------+ 
| Avocet           | Buchanan            | Ambrian          | J.P.                   | Arctic           | First         | 
| Mining PLC       | Communications      | Partners         | Morgan                 | Securities       | Securities    | 
|                  |                     | Limited          | Cazenove               |                  |               | 
+------------------+---------------------+------------------+------------------------+------------------+---------------+ 
|                  | Financial           | NOMAD and        | Lead                   | Financial        | Financial     | 
|                  | PR                  | Joint            | Broker                 | Adviser          | Adviser       | 
|                  | Consultants         | Broker           |                        |                  |               | 
+------------------+---------------------+------------------+------------------------+------------------+---------------+ 
| Brett            | Bobby               | Richard          | Michael                | Arne             | Stein         | 
| Richards,        | Morse               | Brown            | Wentworth-StanleyAnish | Wenger           | Hansen        | 
| CEO Mike         | Katharine           | Richard          | Patel                  | Kim              | Eirik         | 
| Norris, FD       | Sutton              | Greenfield       |                        | Galtung          | Lilledahl     | 
| Hans-Arne        |                     |                  |                        | Døsvig           |               | 
| L'orange,        |                     |                  |                        |                  |               | 
| EVP              |                     |                  |                        |                  |               | 
| Business         |                     |                  |                        |                  |               | 
| Development      |                     |                  |                        |                  |               | 
| & Investor       |                     |                  |                        |                  |               | 
| Relations        |                     |                  |                        |                  |               | 
+------------------+---------------------+------------------+------------------------+------------------+---------------+ 
| +44 20 7766 7676 | +44 20 7466 5000    | +44 20 7634 4700 | +44 20 7588 2828       | +47 21013100     | +47 2323 8000 | 
|                  | +44 7802 875227     |                  |                        |                  |               | 
+------------------+---------------------+------------------+------------------------+------------------+---------------+ 
| www.avocet.co.uk | www.buchanan.uk.com | www.ambrian.com  | www.jpmcazenove.com    | www.arcticsec.no | www.first.no  | 
+------------------+---------------------+------------------+------------------------+------------------+---------------+ 
 
Notes to Editors 
 
Avocet Mining PLC ("Avocet" or "the Company") is a gold mining company listed on 
the AIM market of the London Stock Exchange (Ticker: AVM.L) and the Oslo Børs 
(Ticker: AVM.OL). The Company's principal activities are gold mining and 
exploration in Burkina Faso (as 90 per cent owner of the Inata gold mine), 
Malaysia (as 100 per cent owner of the Penjom gold mine, the country's largest 
gold producer) and Indonesia as 80 per cent owner of the North Lanut gold mine 
and Bakan project in North Sulawesi). 
 
The Company recently announced that it had initiated exploration within the 
Inata mining licence area and in the surrounding Bélahouro district with the 
objective of significantly increasing Inata's resource and reserve base as well 
as investigating the highly prospective Souma Trend, located 20 km from the 
Inata mill.  The Company has a number of other advanced exploration projects in 
West Africa and South East Asia. 
 
Background to operations 
 
Inata has a resource of 1.7 million ounces and reserves of 932,000 ounces. 
Inata poured first gold in December 2009 and has now reached a production rate 
in excess of 11,000 ounces per month. Other assets in West Africa include 
exploration licences in Burkina Faso, Guinea and Mali (the most advanced being 
the Tri-K gold exploration project in Guinea with a resource of 666,500 ounces). 
 
Penjom is Malaysia's largest gold mine and was developed by Avocet in an area of 
historic alluvial mining. The mine is located in Pahang State, approximately 120 
km north of the country's capital, Kuala Lumpur. 
 
North Lanut in North Sulawesi, Indonesia, was developed by Avocet from the 
exploration stage and has produced over 270,000 ounces since it was commissioned 
in 2004.  North Lanut is located within a Contract of Work which includes 
exploration and mining rights over approximately 50,000 hectares in an area 
highly prospective for gold.  Avocet holds an 80 per cent interest and an 
Indonesian company, PT Lebong Tandai, owns the remaining 20 per cent. 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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