Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

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.


View full ALTN profile View Profile

Altyn Timeline

December 24 2012
December 17 2012

Related Articles

Gold on paperwork
April 16 2018
Dr Rodney Boucher leads on-ground exploration activities as the company pushes on in Victoria.
June 07 2018
"We acknowledge the continuing disconnect between our share price and the value of our assets when assessed in terms of the in-situ value of our resource and reserve ounces."
May 23 2018
Chaarat's bold bid for the Kumtor mine is the first of many potential deals

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors 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.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use