A mining firm which is looking to revive production of the rare metal tungsten and tin in Devon has announced the appointments of three non-executive directors.
Guy Edwards, Adrian Bougourd, and Kevin Ross, will join Tungsten West as non-executive directors with immediate effect.
The AIM-listed company last month announced its intention to make a further 25% reduction in staff costs as it looks to secure between £5m and £6.95m. Tungsten West is redeveloping the Hemerdon mine site near Plymouth, estimated to be the second-largest global reserve of tungsten, which is used in the production of light bulb filaments and cutting tools.
In the firm's previous announcement on August 16 bosses put forward their intentions to appoint the three non-executive directors.
Read more: Disruption hits Aston Manor despite turnover rise
Mr Edwards, who is a fellow of the Institute of Quarrying, has experience within the aggregates industry, previously holding chief executive positions at Aggregate Industries 海角视频 and Aggregate Industries USA, which had a combined turnover in excess of £1bn. Additionally, he was managing director of Midland Quarry Products and has 25 years of senior management experience with Hanson PLC.
Mr Edwards is currently integration director of AIM-listed SigmaRoc PLC and co-founder of sustainability startup company XEROC Ltd.
While Mr Bougourd is part of the developed markets team at Lansdowne Partners. He has previously worked as a European equity, credit and event driven analyst at Perry Capital. Mr Bougourd is an experienced senior financial analyst who has spent 20 years analysing and advising companies in the industrial and cyclical space across the globe.
Most Read
Bosses at Tungsten West said Mr Bougourd's experience in capital markets, including in-sourcing and analysing public and private European investment opportunities across industries and the capital structure, "will be of significant value to the board".
Mr Ross is a European engineer with an honours degree in Mining Engineering from the Royal School of Mines. Across the last 24 years, he has held numerous chief operations officer roles for operating and development companies in Greece, Australia and Canada. He is currently the chief operating officer of Montage Gold Corp, which is developing a large-scale gold project in Cote d'Ivoire.
David Cather, chairman, commented: "We are pleased to welcome Guy, Adrian and Kevin to the Board. Their wide range of expertise across the aggregates and mining industries, capital markets, financing, and company and project development will add further value, guidance and support to the Tungsten West team as it continues to progress Hemerdon towards production. The Company remains focused on working towards the final permit approvals for the Project."
Like this story? Why not sign up to get the latest South West business news straight to your inbox.