Replacement: Appointment of Advisory Board (9630Z)
January 24 2011 - 6:34AM
UK Regulatory
TIDMLRL
RNS Number : 9630Z
Leyshon Resources Limited
24 January 2011
24 January 2011
The following announcement replaces the announcement released
this morning at 8.34 am under RNS number 9453Z. No material changes
have been made.
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 HX who 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. Professor Zhang has been working with the
Company as an advisor for the past five years.
-- Mr Ye TZ who was Director- General and Deputy Chief Geologist
with the Ministry of Land and Resources. He had also held the
position of Director - General of the China National Geological
Bureau (which is now a Vice-Ministry level government
authority).
-- Professor Qian DD who 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.
-- Mr Huang ZK who 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.
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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