Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

African Consolidated Resources says Hutton to succeed Cranswick as CEO

African Consolidated Resources has said Craig Hutton is taking over as chief executive from Andrew Cranswick, who is stepping down immediately to pursue other business interests. Hutton has 25 years' experience in the mining sector having worked for Anglo American, Placer Dome and Harmony Gold.
African Consolidated Resources says Hutton to succeed Cranswick as CEO

African Consolidated Resources (LON:AFCR) has said Craig Hutton is taking over as chief executive from Andrew Cranswick, who is stepping down immediately to pursue other business interests.

Hutton has 25 years' experience in the mining sector having worked for Anglo American (LON:AAL), Placer Dome and Harmony Gold (NYSE:HMY).   

He worked as a consultant for ACR last year and was “instrumental” in the declaration of the major resource upgrade to 3.2mln-ounce Pickstone-Peerless Gold Project in Zimbabwe, the company said.

Chairman Roy Tucker added: "I would like to take this opportunity to thank Andrew for his enormous input into the development of ACR since its inception and listing in 2006. 

“He has been hugely influential in the growth of ACR's portfolio, and the identification of highly valuable assets such as the Pickstone-Peerless Gold Project, the Gadzema Gold Project and the Kasempa Copper Project.  

“On behalf of the board, I would like to wish Andrew well in his future endeavours, and look forward to continuing a close relationship as we move ACR into its next phase of growth.”

Hutton has been granted 6mln options with an exercise price of 5 pence valid until the end of 2015. The current share price is 3.25pence.

Non-executive director Julian Emery has also resigned from the board.


Ian_55ae0ddd437b7.jpg
Why Invest In Vast Resources PLC? Read More Here

Register here to be notified of future VAST Company articles
View full VAST profile

Vast Resources PLC Timeline

Related Articles

gold_nuggets,_sized_583d9f4ab5ccf.png
November 29 2016
Latin American Minerals Inc reported a rise in third-quarter assets and reaffirmed that its focus in 2016 is on implementing the processing capacity at the Paso Yobai gold project
Gold pour
April 28 2016
The gold miner's renaissance continues with two game-changing deals, while it said it is in advanced discussions with its lenders about new terms for its lending facilities
shutterstock_175864295.jpg
October 03 2016
CanAlaska Uranium optionee Cameco Corp.'s exploration team has completed two primary drill holes and two off-cut holes along the trend of the C10 conductor package on the West McArthur project in the Athabasca basin, Saskatchewan, the company said Monday

© Proactive Investors 2016

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.