Tango Mining Ltd is a Canadian company that primarily operates in southern Africa with four thermal coal, metallurgical and processing plant and engineering contracts that process 6.5 million tpa.
Marco Möller has resigned as President, CEO and Director of Tango Mining. He has agreed to give up 11 000 000 common shares of Tango include in connection with the African Star Acquisition to treasury for cancellation.
A special committee formed of Tango Board members, such as Antonio Ponte, Marc T. Bamber and Terry L. Tucker, P.Geo, intend to search for a new permanent CEO and work with management in reorganisation efforts, including but not limited to the company’s South African mining and bulk sampling operations, financial reporting and fund raising efforts. Terry L. Tucker has assumed the duties of CEO of the company in the interim.
Kevin Gallagher manages the operation of the four thermal coal, metallurgical and processing plant and engineering contracts. He will manage and oversee the bulk sampling programme at the Oena Project with the support of the Kwena Group team.
More recently, Ian Mann and Marc Bamber have resigned as directors of Tango Mining.
The company has expressed gratitude to both Mann and Bamber for their work at the company. Tango thanks both Mann and Bamber for their contributions to the company during their tenure as directors and has wished them both well in the future.
Edited from press release by Harleigh Hobbs
Read the article online at: https://www.worldcoal.com/mining/06102015/resignations-at-tango-mining-2963/