Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND AND LABRADOR–(Marketwire – Oct. 13, 2011) – Rambler Metals and Mining plc (TSX VENTURE:RAB)(AIM:RMM) (‘Rambler’ or the ‘Company’) would like to announce that Non-Executive Directors Brian Dalton and John Baker provided notification that effective 13 October 2011 they will be resigning from the Rambler Board of Directors.
This resignation is subsequent to the transfer of Altius’ share position in Rambler earlier this year. See Rambler press release dated January 10, 2011.
Harry Dobson, Chairman of the Rambler Board, commented;
“On behalf of the senior management and the Board I would like to thank Brian and John for their efforts over the past 5 years and wish them every success in future endeavours. Their guidance and expertise in the minerals sector, particularly in Newfoundland and Labrador, has played an indispensable role in advancing the Ming Mine through the various stages of exploration and into production for the fourth quarter of 2011.
As Rambler continues to transition into a mid-tier mining company it will continue to look to strengthen the Board with members of international pedigree and with quality networks, capable of assisting with the next phase of growth.”
Forward Looking Statement:
Some of the statements contained herein may be forward-looking statement, which involve known and unknown risks and uncertainties. Without limitation, statements regarding future plans and objectives of the Company are forward looking statements that involve various degrees of risk. It is important to note that the Company’s actual results could differ materially from those in such forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
