By RACHNA LAL
Vatukoula Gold Mine has announced that Colin Orr-Ewing has tendered his resignation as chairman and will be stepping down from the board immediate effect.
The board has appointed Yingbin Ian He, an existing director of the company, as non-executive chairman, with immediate effect.
Mr Orr-Ewing announced his intention to resign on February 1, 2013 following the appointment of a suitable replacement. He has served as chairman since August 24, 2004.
Mr Orr-Ewing said “It has been a privilege to serve as chairman during such a momentous and exciting time for the company.
“The business has transformed from a diamond exploration company in 2004 to owning and operating one of the highest grade gold mines in the world.
“The company remains focused on financing and developing the Vatukoula Gold Mine to achieve its long-term sustainable production targets.
“I believe that Yingbin Ian He is the right choice to oversee this growth.”
Orr-Ewing’s contribution
Vatukoula Gold Mines chief executive, David Paxton, said: Mr Orr-Ewing had contributed enormously to the growth of the company during the past nine years.
He said he in particular was intrinsic to the acquisition and funding of the Vatukoula Gold Mine.