Arc Minerals Limited (LON:ARCM)

Arc Minerals Limited (LON:ARCM)

Share Price
4.68 p
-0.025 (-0.53 %)
Market Cap
£33.12 m
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Arc Minerals Limited

ARC Minerals, (formerly Ortac Resources) is engaged in the identification, evaluation, acquisition and development of natural resource projects, located primarily in Africa


Market: AIM:ARCM
52-week High/Low: 5.77p / 2.06p
Sector: Mining
Market Cap: £33.12 m
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Big Picture – A Deep Dive Examination of Arc Minerals Limited

Arc Minerals Limited Snapshot

Corporate Strategy

The strategic vision of Arc Minerals is to build a leading African focused copper and gold exploration company leveraging the three core fundamentals it has put in place for delivering on this vision:

  • High quality project pipeline;
  • Highly qualified and experienced team with a proven team track record of finding resources and building mines; and
  • Supportive institutional and retail shareholder base.

London & British Virgin Islands.

Board of Directors

Nick von Schirnding - Director and Executive Chairman

Nick von Schirnding has over 25 years' experience in the mining sector across a number of geographies. Nick was CEO of Asia Resource Minerals plc, a FTSE listed mining company. Prior to this Nick was a senior executive with Anglo American plc and De Beers. Mr von Schirnding is also chairman of Fodere, a private minerals processing business with a plant at Highveld steel and a non-executive director of Jangada Mines.

Don Bailey - Non-Executive Director

Don Bailey, a former head of mining operations for Rio Tinto in Africa, South America and Europe, spent 30 years with Rio Tinto where as Joint Global Head of Mining Operations he was responsible for the development of numerous major international projects including the Escondida mine in Chile, the Moro d'Oro mine in Brazil and the Neves Corvo mine in Portugal.  He was also a director of a number of Rio Tinto international companies including Palabora Mining and Rossing Uranium in Africa.

Subsequent to his time with Rio Tinto, Don was a founder member, CEO and Chairman of LionOre Mining International Ltd ("LionOre") which developed from a start-up into a mid-tier mining company and was ultimately acquired by Norilsk Nickel in June 2007 which generated a significant return to LionOre shareholders.

Brian McMaster - Non-Executive Director

Brian McMaster has almost 20 years’ experience in the area of corporate reconstruction and turnaround and performance improvement and 20 years in the mining and exploration industry. Brian’s recent experience includes founding Harvest Minerals and Jangada Mines, AIM listed companies with Potash and PGM projects in Brazil respectively, as well as numerous reorganisations and the recapitalisation and listing of 12 Australian companies.

Brian’s career to date includes significant working periods in the United States, South America, Asia, India and UK. Brian was a founding director in venture capital and advisory firm, Garrison Capital Pty Ltd, and is also currently a director of a number of ASX and AIM listed companies.

Jonathan De Thierry - Non-Executive Director

Jonathan de Thierry is an English graduate geologist with 25 years’ experience in mining and investment banking in Africa & Europe. He is a founder of Casa Mining and has raised significant capital for exploration and development of major DRC mineral projects.

Mumena Mushinge - Non-Executive Director

Mr Mumena Mushinge is well known Zambian based entrepreneur with a long-standing history in the mining and minerals industry. Mr Mushinge is a director of a number of privately-owned Zambian based mining and power generation businesses. Mr Mushinge founded Zamsort Limited in 2005 and has been instrumental in developing the Kalaba prospect.

Rémy Welschinger - Non-Executive Director

Remy Welschinger is the founder and managing director of Limehouse Capital, an investment holding company specialising in natural resources projects. Up until 2018, he was head of commodities sales in Europe for Deutsche Bank. Prior to that, Mr Welschinger was an Executive Director in the Fixed Income and Commodities division of Morgan Stanley in London. Mr Welschinger graduated from Cass Business School, London, with a MSc in Investment management.


Capital Structure
Shares Outstanding 708,551,551
Warrants & Options 191,637,112
Fully Diluted 900,188,663
Major shareholders
Mumena Mushinge 8.10%
Karl-Erik von Bahr 4.00%
Nick von Schirnding 2.41%

Last updated 10 July 2019


Arc Minerals Ltd
2nd Floor
180 Piccadilly
London W1J 9HF
United Kingdom

Arc Minerals Ltd
Craigmuir Chambers
Road Town
British Virgin Islands
VG 1110

Corporate Advisers

Nominated Advisor & Broker
SP Angel Corporate Finance LLP
Prince Frederick House
35-39 Maddox Street
London W1S 2PP
United Kingdom

Solicitors (English Law)
Kerman & Co LLP
200 Strand
London WC2R 1DJ
United Kingdom

Legal Counsel (British Virgin Islands)
Craigmuir Chambers
PO Box 71
Road Town
Tortula VG1 110
British Virgin Islands

Legal Counsel (Slovakia)
Majernik & Mihalikova
Cukrova 14
811 08 Bratislava
Slovak Republic

JUDr. Lubomir Ivan
Dukelskych hrdinov 22
960 01 Zvolen
Slovak Republic

Reporting Accountants (UK)
PKF Littlejohn
1 Westferry Circus
Canary Wharf
London E14 4HD
United Kingdom

Reporting Accountants (Slovakia)
L’udovit Petras
Moyzesova 38
040 01 Košice

Computershare Investor Services (Jersey) Ltd.
PO Box 329
Queensway House
Hilgrove Street
St Helier
Jersey JE4 9XY

Financial PR Adviser
Celicourt Communications
Adam House
7-10 Adam Street
The Strand
London WC2N 6AA
United Kingdom

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