Chief executive of Cornish mining company to step down

The chief executive of Cornish Metals is to step down.

The AIM listed mining exploration company has confirmed the news on the stock market.

Richard Williams will leave the business at the end of March.

He will also step down from the company’s board but will remain available to Cornish Metals on a consulting basis.

Ken Armstrong, non-executive director, will take over as interim chief executive of the company while it searches for a new chief executive.

Board chair Patrick Anderson will become executive chair of Cornish Metals during the transition process.

Cornish Metals is looking to revive tin mining at its South Crofty Mine in Cornwall.

South Crofty was closed in 1998, following more than 400 years of continuous production, and was acquired by Cornish Metals in 2016.

Mr Anderson said: “On behalf of the board of directors I want to thank Richard for the many achievements he made and obstacles overcome to bring the company and the South Crofty Tin Project to where it is today.

“Richard was instrumental in acquiring the project from administration in 2016, the company’s dual listing on AIM in 2021 and securing the company’s cornerstone investment from Vision Blue Resources in 2022. We wish him all the best in his future endeavours.”