Shoesmith named CEO of Celeste

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Alan Shoesmith, chief executive officer of South Crofty owner Western United Mines (WUM), has been appointed CEO and president of Canada-based Celeste Copper Corporation.

Alan Shoesmith

It further cements the relationship between Celeste and WUM, after the former announced last year that it was entering into an earn-in agreement to acquire a 60% interest in WUM’s parent company, Cornish Minerals Ltd.

Shoesmith, who will continue in his role as CEO of WUM, said: “I’m very excited about working with the Celeste management team and focusing on the significant opportunity that South Crofty, with its valuable polymetallic mineral resources, represents.

“Because of its substantial potential, the South Crofty project has become Celeste’s main focus and my new role will mean that I am in a very good position to drive progress forward.”

Celeste chairman, Farhad Abasov, added: “We are pleased to have Alan join Celeste as he is an experienced senior executive and he has guided the company’s key asset, the South Crofty project, since the mine was acquired in 2001.

“I know Alan is committed to bringing this important project back into production and helping the Celeste team realise the value that our exciting projects represent for our shareholders. I look forward to working with him.”