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Hambledon Mining hires new CEO

Hambledon Mining hires new CEO

 

Kazakh gold miner Hambledon Mining (LON:HMB) has appointed Aidar Assaubayev as its new chief executive.

The company, which owns the Sekisovskoye underground project, said Assaubayev will focus on a comprehensive review of Hambledon’s operations and strategic options “with a view to identifying the best way forward for Hambledon and its shareholders.

The company said Assaubayev brings a wealth of experience in gold mining, as well as significant expertise on the ground in Kazakhstan, having been executive vice chairman of KazakhGold Group and vice president of gold exploration and development company JSC MMC Kazakhaltyn.

Aidar Assaubayev said: “I am very excited with the prospect of working with Hambledon to make it a successful gold mining company and I am dedicated to delivering value for all shareholders.

“Hambledon has great potential for growth and development which I will do my utmost to deliver.”

The company is the subject of an offer by African Resources, which is seeking to acquire up to 60% of Hambledon. The partial offer was declared wholly unconditional on December 7.

The offer was announced on November 2. By the end of November African Resources had received acceptances of its 2p a share offer in respect of 59.88% of the issued share capital of Hambledon.

African Resources, which is registered in the Cayman Islands, was created for the purposes of making the offer for Kazakhstan-focused gold miner.

 

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