Kingsrose managing director resigns

By Romel S. Gurky

ASX-listed Kingsrose Mining Limited announced Tuesday that Scott Huffadine has resigned as Managing Director, giving the company a three-month notice period during which time Kingsrose will start the search for a new managing director.

?Scott played a key role in securing the final permits for Talang Santo (mine) in South Sumatra, paving the way for the start of production in July last year,? Kingsrose Chairman John Morris said in a statement.

?The company has recently started conventional Shrink and Gallery stoping on the 4 Level at Talang Santo, where the ongoing management of water and the increasing broken ore stocks provide a platform for rising production over coming months,? he added

?Scott?s achievements have put Kingsrose in a far stronger position and we can now look forward to rising production, lower costs and growing cashflow.?

Editing by Reiner Simanjuntak