Monday, 27 September 2010

Noventa hires mining and engineering expert Leslie Heymann as director

Noventa (LON:NVTA) has appointed mining and engineering expert, Leslie Heymann as a new director of the company.

Heymann has acted as a consultant to Noventa for the past year. “With his experience as a professional engineer and a history of improving technical performance, we are confident that Leslie will bring valuable expertise and insight to the board," Noventa chairman Eric Kohn commented.

Noventa highlighted that Heymann's key areas of expertise include mining, plant operation, engineering construction and business development. He has also led the expansion of several mines and has introduced new equipment and methodologies.
The company also noted that Hemann has more than 30 years experience in the industry and he has provided consultancy services to the mining industry since 2001.

Under its new management team, Noventa has turned around the fortunes of its Marropino tantalum mine in Mozambique.

In August, Noventa revealed that Marropino’s redevelopment has made rapid progress since the mine re-started operations in April 2010, after spending just under a year on care-and-maintenance.  Tantalum recovery at Marropino has increased significantly over historic levels.

Furthermore, Marropino was boosted further with a new discovery in the surrounding area.

Should the new discovery prove to be viable for mining, Noventa said that Marropino’s “enhanced economics may reduce or eliminate further need for external financing”.

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