SCOTGOLD Resources, the company aiming to mine for gold in Argyll, has appointed its biggest shareholder as its chairman.
Scots-born Nat le Roux, who has been a non-executive director since October, holds more than 40 per cent of the company, having supported a rights issue in November. He replaces interim chairman Phillip Jackson.
Mr le Roux, who has spent most of his career in financial markets, was chief executive of IG Group plc between 2002 and 2006. Now semi-retired, he is an independent director of the London Metal Exchange.
Managing director Richard Gray said: "It is a significant benefit to the company that such an ardent supporter should take on the role of chairman, and we welcome his experience and insight in taking Cononish into production at the earliest opportunity. The board would also like to record its thanks to Phillip Jackson who has served as interim chairman since 15 December 2014."
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article