Appointment of Advisory Board (9453Z)
January 24 2011 - 3:34AM
UK Regulatory
TIDMLRL
RNS Number : 9453Z
Leyshon Resources Limited
24 January 2011
24 January 2011
Leyshon Resources Limited
Appointment of Advisory Board
Leyshon Resources Limited (AIM/ASX:LRL) (Company) advises that
it has created and appointed four members to a Beijing based
Advisory Board.
The purpose of the Advisory Board is to provide guidance in
relation to the Company's investments in China. The Advisory Board
members will provide specific advice in relation to investments
within China, provide introductions to relevant government bodies
and where appropriate represent the Company at various levels of
government.
The appointees are all senior officials who have held positions
in the Ministry of Lands and Resources. The Advisory Board members
are supportive of the Company's investment plans.
The Ministry of Lands and Resources is responsible for all
exploration and mining activities and is one of the Chinese
Government's most senior Ministries ranking alongside the National
Development and Reform Commission and the Ministry of Commerce in
terms of seniority.
The appointees are:
-- Professor Zhang Hongxi - held senior positions with the China
Gold Army and the Ministry of Land and Resources and was Head of
China National Precious Metals Resources Administration Office
before retirement in 1993. Professor Zhang has been working with
the Company as an advisor for the past x years.
-- Mr Ye Tianzhu - from 1992 to 1998 was Director-General with
the Ministry of Land and Resources. At the same time he held the
position of the Deputy Chief Geologist of Ministry of Land and
Resources. From 1999 to 2001 he held the position of
Director-General of the China National Geological Bureau (which is
now a Vice-Ministry level government authority).
-- Professor Qian Daduo - held the positions of Vice
Director-General of the Department of Exploration and Mining
Administration of the Ministry of Land and Resources and the
Secretary-General of the Geology Division of the China National
Standards Committee before retirement in 1997.
-- Mr Huang Zongke held the positions of Chief Geologist and
then the Vice Director-General of China Geology Bureau. Also served
as the committee member of the Science and Technology Committee of
the Ministry of Land and Resources before retirement in 1999.
Managing Director Paul Atherley commented "We welcome these
highly respected senior officials to Leyshon's Advisory Board and
look forward to their guidance as we progress our investment plans
in China."
For further information contact:
Leyshon Resources Limited
Paul Atherley - Managing Director
Tel: +86 137 1800 1914
patherley@leyshonresources.com
Seymour Pierce Limited
Jonathan Wright/John Cowie (Nominated adviser)
Richard Redmayne/Leti McManus (Corporate broking)
Tel: +44 (0)207 107 8000
http://www.leyshonresources.com
Background
Leyshon was on the ground in 2003 when China opened its mining
sector to foreign investment. It has been fully engaged in China
since then and has its main operating office located in
Beijing.
China's latest Five Year Plan emphasizes Inclusive Growth which
entails the planned urbanization of a large number of Western
China's rural population into second and third tier cities. This
will result in significant increases in power consumption and
infrastructure spending.
The Company is planning to invest in high quality coal assets in
Xinjiang and South West Mongolia which will sell into the
escalating demand for thermal and metallurgical coal across China
over the next ten years.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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