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Aus Tin Mining (ASX:ANW) - Resigning CEO, Peter Williams - The Market Herald
Resigning CEO, Peter Williams
Source: Hot Copper
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  • Peter Williams has resigned as CEO of Aus Tin Mining (ANW), effective immediately
  • Peter has over 25 years experience in the resources sector both in Australia and overseas having worked with Mount Isa Mines and Norseman
  • He has also worked in the finance sector with the likes of Bankwest, ANZ and NAB
  • Aus Tin says it continues to focus on improving shareholder value by simplifying its portfolio, strengthening its balance sheet, and diversifying its commodities
  • The company is looking to buy the Ashford Coking Coal Project and the Mackenzie Coal Project
  • Further, Aus Tin has kept its Taronga Tin Project and the Mt Cobalt project on hand
  • Aus Tin is steady on the market and shares have been trading for 0.1 cents since November 2

Peter Williams has resigned as CEO of Aus Tin Mining (ANW), effective immediately.

Peter has over 25 years experience in the resources sector both in Australia and overseas.

He began his career at Mount Isa Mines and then took on operational and management roles at Mt Lyel and Norseman.

Following this, he worked in the finance sector with the likes of Bankwest and ANZ, and equity markets with Carmichael Capital Markets.

Most recently, Peter was Managing Director of the Institutional Banking sector at National Australia Bank (NAB).

Aus Tin is now in the process of searching for a replacement and will seek a suitable mining executive to progress its strategy and projects.

In the meantime, Aus Tin says it will focus on improving shareholder value bysimplifying its portfolio, strengthening its balance sheet, diversifying its commodities, and leveraging its existing assets.

As a result, the company will continue pursuing the divestment of the Granville Tin Mine in Tasmania.

Aus Tin is currently in the process of acquiring the Ashford Coking Coal Project in NSW and the Mackenzie Coal Project in Queensland.

Further, the company has kept its Taronga Tin Project in NSW and the Mt Cobalt project in Queensland, keeping its exposure to the tin, silver and copper markets.

Announcements will continue to be made as developments arise.

Aus Tin is steady on the market and shares have been trading for 0.1 cents since November 2.

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