An exploration and development c ompany, with keyu activity in the Kyrgyz Republic, has announced further senior changes, as it continues its growth to become a mid-tier producer.
Chaarat Gold Holdings is an AIM listed gold development company with a 7Moz high grade Chaarat Gold Project.
In an announcement this week, the company has revealed it has appointed a new CEO, appointed a new board member, and made further Executive and Board changes.
Artem Volynets, who has more than 20 years experience in mergers and acquisitions, capital markets and senior corporate management roles, will step up from his Board position to become the CEO of Chaarat Gold.
As part of Artem’s appointment, the gold mining team at ACG will also join Chaarat, and all ACG projects in the gold sector will be formally transferred to Chaarat and combined with the Company’s existing M&A pipeline.
“This transfer brings to Chaarat an incremental and tangible set of M&A opportunities, which have been developed by ACG over the past several years, and which Chaarat is now pursuing. It also brings considerable industry expertise; senior relationships in the global mining sector and the CIS region; as well as long-established relationships with investors and finance providers, which are already assisting Chaarat,” the company said in a statement.
Chaarat’s current CEO Robert Benbow moves to the role of Chief Operating Officer. Robert, who has served as CEO since July 2017, is a mining executive with more than 40 years’ experience. He will continue to build and develop Chaarat’s Tulkubash Project and oversee mining operations once in production. The company also intends shortly to appoint Robert to the Board of Chaarat, reflecting the importance of delivering full value from the Company’s assets in the Kyrgyz Republic, and highlighting his ability to support Chaarat’s M&A activities
Artem Volynets said: “The opportunities to consolidate assets in central Asia and the CIS are significant and tangible. I and my team have been engaged for several years in evaluating these opportunities, deepening our relevant relationships and developing propositions that will create value for investors, business partners, communities and national economies across the region. Chaarat has a dynamic leadership, deep operational expertise and significant regional knowledge of its own, and is the ideal platform to realise these opportunities. Our vision is to build a leading emerging markets gold company.”