Thursday May 1, 03:55 PM
Consolidated Africa Mining cuts 3 board seats, cites tough markets
LONDON (Thomson Financial) - Consolidated Africa Mining Plc. said it has scaled down the size of its board to four members from seven and said the reduction is in response to tough market conditions.
'The changes have been resolved... for cost control purposes, in light of current difficult credit and capital market conditions,' the company said in a release.
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