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ZincOx Resources names new finance director

Published: 08:07 11 Jul 2016 BST

A mining truck
The group makes zinc concentrate from waste material

Resource sector finance specialist Donald McAlister has been named as ZincOx Resources plc'c (LON:ZOX) new finance director with immediate effect.

The 57-year-old has over two decades' experience in all financial aspects of the resource industry, including metal hedging, tax planning and economic modelling, the zinc recycler said.

His CV includes Mwana Africa PLC, Ridge Mining PLC, formerly Cluff Mining PLC, Reunion Mining PLC, Enterprise Oil PLC and Cluff Oil Holdings PLC.

He has also been involved in the economic evaluation of gold and base metal mines and the arranging of project finance for feasibility studies and mine developments.

ZincOx's chairman, Dr Rod Beddows said: "I am delighted that Donald has agreed to join the Board and I look forward to working with him, as do all of my colleagues. Donald comes with excellent skills and experience ideally suited to ZincOx."

Last month the group raised £300,000 through a placing at a big premium to the market price.

The money is enough to tide it over for a year it said while it looks for a new opportunity for its furnace dust technology after it handed back its Korean plant to its partner in April.

Read more on the latest from this company HERE.

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