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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Archipelago Res | LSE:AR. | London | Ordinary Share | GB0033551721 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 57.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:5586I Archipelago Resources PLC 15 February 2005 ANNOUNCEMENT APPOINTMENT of GERARD (GED) EDWARDS to oversee CONSTRUCTION of the GOLD PROCESSING PLANT at TOKA TINDUNG Archipelago Resources plc is pleased to announce the appointment of Mr Gerard (Ged) Edwards as Construction Manager of the Company's Toka Tindung Gold Project in Sulawesi, Indonesia. Ged is a civil engineer with extensive Asian experience and was previously Project Manager for McConnell Dowell at the Chatree Gold Project in Thailand and the Sepon Project in Laos. Most recently Mr Edwards successfully supervised the dismantling of the El Tambo gold processing plant in Chile for Archipelago. This job involving the deconstruction and transportation of some 2,000 tonnes of plant and machinery was completed without injury to personnel or loss/damage of equipment, at high altitude and in challenging weather conditions. When cleaned and packed this equipment will be relocated to Toka Tindung. The recruitment of Ged to Archipelago's growing team of skilled technical and management personnel is another significant step by the Company towards its objective of commencing development at Toka Tindung in coming months. Due diligence studies being undertaken for prospective project financiers of the Company's Toka Tindung Gold Project, are near completion. The project has a resource of 1.75M oz of gold equivalent of which at least 0.9M oz will initially be mineable by open pit. Production is targeted at 160,000 oz per annum for an initial 6 year mine life commencing in mid 2006. Archipelago is a mining company listed on the AIM market of the London Stock Exchange. The Company's principal activities are gold mining and exploration in Indonesia (as 85% owner of the Toka Tindung Gold Project in Sulawesi), Vietnam (as majority party in the Cam Thuy/Ba Thuoc joint venture with Vimico a Vietnamese Government mining company) and the Philippines (as 100% option holders over the Corplex tenements). Further Info: Colin Loosemore, Managing Director, Archipelago Resources Plc. Tel: 00-618-9364-8301 Ron Marshman/John Greenhalgh, City of London PR Limited. Tel: 020-7628-5518 www.mining-investor.com/arch This information is provided by RNS The company news service from the London Stock Exchange END MSCGUUUCPUPAGUC
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