LONDON EMED Mining Plc founder and chief executive officer Harry Anagnostaras-Adams has resigned effective immediately, the company said Sept. 19.
The announcement comes as the Nicosia, Cyprus-based company nears approval for the restart of operations at its flagship copper project in Andalucía, southern Spain.
Rod Halliday, chief executive officer of subsidiary EMED Tartessus, has been appointed interim chief executive, and Jose Sierra, a nonexecutive director of EMED Mining, was appointed chairman of Tartessus.
Anagnostaras-Adams will remain a significant shareholder and option holder of EMED Mining, and also will remain chairman of affiliate Kefi Minerals Plc, the company said.
EMEDs shares fell 5.7 percent following the announcement.
A version of this article was first published by AMM sister publication Metal Bulletin.