London Mining hires former Schroders chairman

 

LONDON – Iron-ore miner London Mining has hired Michael Miles to be its chairman, appointing the former chairman of fund manager Schroders to  its board with immediate effect.

The  miner, which  produces  iron-ore  in  Sierra Leone,  said   it  current chairman, Colin Knight, would step down from the role at the start of 2013, after almost eight years.

“This is the right time for a new chairman to steer the company as it  takes its projects in Sierra Leone and Greenland through to their next phases,” Knight said.

Miles, who has also been chairman of speciality chemicals  company Johnson Matthey, has experience in China, the world’s largest consumer of iron ore, through an early career in Cathay Pacific.

He stepped down as chairman of Schroders in May after nine years.

Parliamentary Debate on UK-listed mining companies

Wednesday’s Westminster Hall debate in the UK Parliament on UK-listed mining companies included several mentions of London Mining Network and our report, UK listed mining companies and the case for stricter regulation.

John McDonnell MP singled out GCM Resources for particular criticism, noting the extreme damage that would be done by its Phulbari opencast mine in Bangladesh were the project to go ahead.

GCM’s AGM is to take place on 20 December in London.

John McDonnell also spoke about Anglo American, BHP Billiton, Vedanta and Xstrata.