- Written by ASIA Miner News
Inter-Citic Minerals has appointed Zijin Mining Group's vice chairman Lan Fusheng to its Board of Directors.
As well as being vice chairman of China's largest gold producer, Lan Fusheng is also chairman of the Zijin Consortium and previously served as executive deputy general manager of Zijin.
Inter-Citic's president and CEO James Moore says, "Inter-Citic welcomes Mr Lan to our board and we look forward to his valuable contributions as our Dachang Gold Project progresses towards permitting and feasibility.
"Having the assistance of China's largest gold producer behind Inter-Citic is a tremendous benefit as we continue to move forward. We are particularly pleased that Zijin has nominated such a senior and experienced member of their company to our board."
Lan Fusheng graduated from Fuzhou University with a Bachelor's Degree in Geology in 1984 and obtained a Master's Degree in Business Administration from La Trobe University, Australia, in 2000. He joined Zijin Mining Group in 1994 and was appointed as an executive director and a deputy general manager in August 2000.
He has extensive experience in managing investment businesses and in mining project evaluation. He is also Chairman of the Board in a Xiamen-based investment development company.
On April 15, 2010, Inter-Citic announced an agreement to a strategic investment by Zijin Mining. Under the agreement Zijin purchased about 19.2% of the outstanding shares of Inter-Citic.