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Arc Minerals Limited - Board Appointment

RNS Number : 1252P
Arc Minerals Limited
05 February 2019

05 February 2019

Arc Minerals Ltd 

('Arc Minerals' or the 'Company')

Board Appointment


Arc Minerals is pleased to announce the appointment of Mr Mumena Mushinge as a non-executive director to its board of directors with immediate effect.  Mr Mushinge is the founder of Zamsort Limited ("Zamsort") and has worked throughout his career in the mining industry in Zambia.  He has been involved in a number of significant projects with local and international mining groups.

 Nick von Schirnding, Executive Chairman of Arc Minerals commented:

"I am pleased to welcome Mumena to the board of Arc Minerals.  Mumena brings a wealth of experience in respect of mining projects and operating in Zambia.  The appointment also balances the composition of the board given our significant exposure to Zambia."

Mumena Mushinge commented:

"I am delighted to be joining the board of Arc Minerals and look forward to working with the board in executing on our exciting strategy."

As at the day of this announcement, Mushinge Mumena holds a beneficial interest in 73,937,495 ordinary shares in Arc Minerals, representing approximately 11.69% of the Company's issued share capital. 

Mushinge Mumena, aged 51, currently holds or has held the following directorships and partnerships in the last five years:

Current Directorships

Past Directorships

Alliance Resource Limited

Banon Limited

Broken Hill Minerals

Cupriferous Resources Ltd

Luapuka Hydro Power Corporation Ltd

Terra Metals Ltd

Zaco Investments LLC

Zaco Investments Ltd

Zamsort Ltd


Other than as provided in this announcement, no other disclosures in relation to Mr Mumena are required under Rule 17 and schedule 2 (g) of the AIM Rules for Companies.


Arc Minerals Ltd

Nick von Schirnding (Chairman)


+44 (0) 20 3874 8664

SP Angel (Nominated Adviser & Broker)

Ewan Leggat / Lindsay Mair / Soltan Tagiev

+44 (0) 20 3470 0470





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Quick facts: Arc Minerals Limited

Price: 1.965

Market: AIM
Market Cap: £23.7 m

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