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Caledonia Mining names mining specialist as new independent director

Published: 03:36 26 Jul 2016 EDT

blanket_mine
Caledonia's Blanket mine is in Zimbabwe

Former mining analyst and chief executive of Africa gold play Amara Mining John McGloin has been named a new independent director at Caledonia Mining Corporation Plc (LON:CMC) .

McGloin was executive chairman and chief executive at Amara between 2012 and 2016, a group focused on the Yaoure gold project in Cote d'Ivoire in West Africa.

In April this year, Amara merged with Australian Perseus Mining Limited.

McGloin then joined the board of Perseus as a non-executive director, a role which he intends to combine with his role at Caledonia.

Caledonia chairman Leigh Wilson said: "John's technical background as a geologist and his practical experience in managing a gold exploration and development company adds further strength and a broader perspective to Caledonia's board. 

"John's experience will help to ensure that the robust mine development plan, which is currently under way at the Blanket Mine in Zimbabwe, will be successfully implemented.

"Blanket is approximately 20 months into a four year development programme, as a result of which we expect Blanket to increase production to approximately 80,000 ounces of gold per annum and re-inforce its position as a low-cost operator with excellent long-term exploration and development potential."

Caledonia also said that Maurice Mason has been appointed vice president of investor relations and corporate development.

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