Nelson resigns from Copper 360 board
Northern Cape-focused copper miner Copper 360 has informed its shareholders that Jan Nelson has resigned from the company's board of directors with effect from September 9.
Chairperson Rupert Smith expressed his gratitude and appreciation on behalf of the board for Nelson's "energy, service and efforts, both in the founding of the company and thereafter in providing it with leadership".
Copper 360 last week announced plans to undertake a rights offer of R1.15-billion, as part of the company's efforts to restructure by raising sufficient funding for short- and medium-term growth, reducing the debt burden to improve profitability and mining several orebodies that have achievable growth potential.
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