First Tin PLC Board Changes (6878T)
16 Noviembre 2023 - 2:02AM
UK Regulatory
TIDM1SN
RNS Number : 6878T
First Tin PLC
16 November 2023
16 November 2023
First Tin Plc
("First Tin" or "the Company")
Board Changes
First Tin PLC, a tin development company with advanced, low
capex projects in Germany and Australia, is pleased to announce the
appointment of Bill Scotting to the Board of Directors as CEO,
succeeding Thomas Buenger who is leaving the Company to pursue a
new business opportunity.
Bill's appointment takes effect from 1 January 2024 and a
handover is currently underway to ensure a smooth and orderly
transition and a thorough handover of responsibilities. Moreover,
Thomas has agreed to make himself available following his official
departure date to assist Bill and the First Tin team in the
successful ongoing commercialisation of its two core assets.
Bill Scotting is an internationally experienced CEO and Director
who has over 35 years' experience in leading global companies with
extensive knowledge of the metals and mining industry. Previously,
Bill was CEO and Executive Director of Nyrstar, a leading producer
of zinc, as well as CEO of the mining division of ArcelorMittal, a
leading steel and mining company. Additionally, Bill held the roles
of Head of Strategy and Head of Performance Enhancement at
ArcelorMittal, and Head of Corporate Development at Aurubis, a
leading global provider of non-ferrous metals and one of the
largest copper recyclers worldwide. He started his career as a
metallurgist with BHP in Australia and has also been a consultant
at McKinsey & Company and CRU International. He was also a
member of the World Economic Forum Global Advisory Council for
Mining & Metals.
First Tin Chairman Charlie Cannon-Brookes said: "I am delighted
to welcome Bill to the First Tin management team. He has a proven
track record in the metals and mining sector and the Board is
confident that he will bring expertise and energy to the role.
"We have an exciting future ahead and I am confident that under
Bill's leadership, First Tin is best placed to continue making
strong operational progress at both our Taronga and Tellerhäuser
assets, with the objective of becoming a material tin supplier in
conflict-free, low political risk jurisdictions.
"On behalf of the Board, I would like to sincerely thank Thomas
and acknowledge his significant contribution to First Tin since
IPO. The handover of the CEO role has been executed in a
professional and well orchestrated manner and we wish him all the
best in the future."
The Company confirms that there is no information required to be
disclosed pursuant to paragraph 9.6.13 of the UK Listing Rules.
Enquiries:
First Tin Via SEC Newgate below
Ross Ainger - Non-Executive
Director / Company Secretary
Arlington Group Asset Management
Limited (Financial Advisor
and Joint Broker)
Simon Catt 020 7389 5016
WH Ireland Limited (Joint
Broker)
Harry Ansell 020 7220 1670
SEC Newgate (Financial Communications)
Elisabeth Cowell / Molly FirstTin@secnewgate.co.uk
Gretton
Notes to Editors
First Tin is an ethical, reliable, and sustainable tin
production company led by a team of renowned tin specialists. The
Company is focused on becoming a tin supplier in conflict-free, low
political risk jurisdictions through the rapid development of high
value, low capex tin assets in Germany and Australia.
Tin is a critical metal, vital in any plan to decarbonise and
electrify the world, yet Europe has very little supply. Rising
demand, together with shortages, is expected to lead tin to
experience sustained deficit markets for the foreseeable future.
Its assets have been de-risked significantly, with extensive work
undertaken to date.
First Tin's goal is to use best-in-class environmental standards
to bring two tin mines into production in three years, providing
provenance of supply to support the current global clean energy and
technological revolutions.
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END
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