Altyn appoints Neil Herbert as executive deputy chairman

Altyn announced the appointment of Neil Herbert as executive deputy chairman on Wednesday, effective immediately.

The London-listed company said Herbert has worked in the resource sector since joining Antofagasta in the 1990s, during which time it was transformed into a major copper producer.

He was subsequently appointed as a senior executive at Brancote Holdings, Patagonia Gold, Galahad Gold, International Molybdenum, UraMin, and also Polo Resources where he was both chairman and managing director.

Herbert is currently chairman of Helium One and Siderian Capital Resources, and is also a non-executive director of Concepta, IronRidge Resources, Kemin Resources, Waratah Resources and, since February 2016, Altyn itself.

Prior to joining the resource sector he worked for PwC, and he is a fellow of the Association of Chartered Certified Accountants.

“Neil has been working closely with Altyn since his appointment as a non-executive director in February 2016,” said CEO Aidar Assaubayev.

“With our mine expansion on plan and on budget we are delighted that he is now joining us in an executive capacity, where his wealth of experience in both mining and finance strengthens our management team.”

Herbert said the company working to transform the Sekisovskoye gold mine, which produced 20,890oz in 2015, into a 100,000oz producer in 2019.

“We are also working on the adjacent Karasuyskoe ore fields, which will provide Altyn with open pit expansion potential beyond 2019.

“These projects will transform Altyn into a significant gold producer.”

The company also announced the appointment of VSA Capital as its corporate broker at the same time.