LONDON, UK, Jan. 18 /CNW/ - The Board of African Aura Mining Inc
("African Aura" or the "Company") is pleased to announce the senior
management appointment of Peter Taylor as Chief Operating Officer with
Luis da Silva, Chief Executive of African Aura, commented:
"Peter joined the Company thirteen months ago and has presided and
contributed to the Company's largest value creation period. With his
team, he has been instrumental in the delivery of several key
milestones for the Company and in this key position will continue to
drive the initiatives on the ground as we look ahead to a defining
period with the impending split of gold and iron ore."
Peter Wilson Taylor has held senior management roles in mining, heavy
civil engineering and aviation with blue chip organisations including
De Beers, Balfour Beatty International and British Midland Airways. He
has global experience gained in Africa, Asia and Europe. Peter has a
MBA from the Cranfield School of Management and is a graduate Mining
Engineer from Camborne School of Mines.
About African Aura Mining Inc.
African Aura is an established exploration and development company
listed on the TSX-V (AUR) and London's AIM (AAAM). The Company operates
two divisions, namely: iron ore and gold:
The iron ore division includes its 38.5% interest in the Putu iron ore
project in Liberia, which is moving through pre-feasibility managed by
joint venture partner Severstal Resources (the mining division of
Moscow listed OAO Severstal). In September 2010 Putu was granted a 25
year renewable Mineral Development Agreement by the Government of
Liberia. The division also includes a 100% interest in the Nkout iron
ore project and surrounding iron targets in Cameroon which is subject
to a resource definition drilling programme.
The gold division includes the New Liberty gold deposit in western
Liberia which has a resource of 1.51 million ounces of gold grading
3.78 g/t (comprising 5,599,000 tonnes grading 4.17 g/t in the indicated
category and 7,040,000 tonnes grading 3.40 g/t in the inferred
category) which is being advanced through a bankable feasibility study,
and the proximal Ndablama, Weaju, Silver Hills and Gondoja gold
projects all within the Company's Bea Mountain 25 year renewable
Mineral Development Agreement.
In addition the Company has a 22% interest in AIM-listed diamond
producer Stellar Diamonds Plc (AIM: STEL, www.stellar-diamonds.com).
The Company has a highly motivated and experienced team with a track
record of discovering mines and taking projects through development and
into production. As a pioneer, African Aura has attracted some
excellent strategic partners and shareholders, always with the
objective of preserving or enhancing shareholder value.
This press release includes certain forward-looking statements. All
statements, other than statements of historical fact, included herein,
including without limitation, statements regarding the future plans and
objectives of African Aura, are forward-looking statements that involve
various known and unknown risks and uncertainties as well as other
factors. Such forward-looking statements are subject to a number of
risks and uncertainties that may cause actual results or events to
differ materially from current expectations, including delays in
obtaining or failure to obtain required regulatory approvals. There can
be no assurance that such statements will prove to be accurate and
actual results and future events could differ materially from those
anticipated in such statements. Any forward-looking statements speak
only as of the date hereof and, except as may be required by applicable
law, African Aura disclaim any obligation to update or modify such
forward-looking statements, either as a result of new information,
future events or for any other reason.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accept responsibility for the adequacy or accuracy of this release.
SOURCE African Aura Mining Inc.
For further information:
on the Company you are invited to visit its website at www.african-aura.com or SEDAR's website at www.sedar.com, or contact one of the following:
|African Aura Mining Inc. |
Luis da Silva, President & CEO
|Tel: +44 (0) 20 7257 2930|
|Evolution Securities Limited |
Rob Collins / Tim Redfern
|Tel: +44 (0) 20 7071 4300|
|Pelham Bell Pottinger |
Charles Vivian / James MacFarlane
|Tel: +44 (0) 20 7861 3232|