China Nonferrous Gold managing director resigns

Mineral exploration and mining company China Nonferrous Gold confirmed the resignation of its managing director David Tang for personal reasons on Monday.

The AIM-traded firm, which is currently mining the Pakrut gold project in the Republic of Tajikistan, saidi the departure followed Tang’s exit from the company’s largest shareholder CNMIM.

“The board of the company would like to thank Mr Tang for his contribution to the development of CNG and the Pakrut gold project as managing director over a number of years and wishes him well for the future,” said chairman Wu Xiang.

“The board is now actively in the process of selecting and appointing a new managing director and we look forward to updating the market in due course.”