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NEW CHAIR OF COMPANY WILL ATTEND SOUTH CROFTY INFORMATION DAY. July 2008
Rob Ashley has taken over the chairman's role from Christopher Hall who agreed to a provisional three month tenure when the company was first formed. Mr Hall has now stepped down - although he is expected to retain strong links with Western United Mines.
Mr. Ashley is a career bullion banker having spent 18 years with NM Rothschild Group companies as Head of Treasury at Rothschild Australia and later as Global Head of Treasury in London. His financial engineering skills were a key contributor to Rothschild Australia's well recognized leadership in the financing and hedging of Australian gold projects.
He has been directly involved in most aspects of the gold industry from the acquisition and revitalisation of the Golden West and MRO refineries, in Perth and Port Moresby, to the wholesale supply of finished bars into Asian markets. He was Chairman of the London Gold Market Fixing Limited and a member of the Management Committee of the London Bullion Market Association.
With a continuing professional interest in trading and risk management in commodities markets and in the development of financing strategies for metals producers, Mr Ashley is currently a non-executive director and chairman of Galena Asset Management, a subsidiary of global commodity trader Trafigura Beheer, and is a member of their advisory panel. He is also non executive director of Hidefield Gold.
Rob will be joined at the Information Day by WUM Acting Chief Executive Alan Shoesmith, Managing Director of Mine Operations Kevin Williams and Charles Steriker, Director of Crofty Developments Limited. Using up to date maps, video footage and photographs, they and other members of staff will be able to discuss the huge amount of work that is currently going on in the mine and their plans for the future.
Unlike previous years when the mine has hosted a well-attended Open Day which offered a variety of attractions and extremely popular mine tours, the event this year will be limited to providing information. Intensive work underground prevents anything else.
