Avocet Mining PLC Prospectus December 2011

c105718pu020 Proof 5: 7.12.11_13:36 B/L Revision:
Avocet Mining has also undertaken a number of initiatives in 2010 and 2011 with regards to
employment and promoting business opportunities for the surrounding communities. These initiatives
have resulted in an increased level of openness and transparency between the Company and the
communities and increased the level of understanding between them. Avocet Mining and its
contractors are the main source of permanent direct employment in the Inata area, and wherever
possible, Inata aims to source its purchases from local businesses, which is expected to create further,
indirect employment as supporting enterprises develop to service the operation and its employees.
Avocet Mining has encouraged its contractors to follow the same principles.
Several water supply boreholes have been drilled in local villages and installed with hand pumps or
other suitable sustainable water supply systems. Other initiatives include the establishment of recycling
committees, community medical visits by Avocet Mining’s doctor, promotion and implementation of
reforestation projects with the government forestry department and projects aimed at increasing crop
yields.
During 2011, healthcare and education were the key focus of the foundation’s initiatives, and
contributions were made towards the building of a health and social promotion centre and the
rehabilitation of a local school. An ambulance was also donated to a local health centre.
15. Management and employees
With over 25 years of experience in gold exploration, as well as having operated four gold mines, of
which three were constructed by the Company itself, Avocet Mining’s management team has a track
record of converting opportunities into producing assets. With an established corporate team based in
London, the Company has also built up management teams in Burkina Faso and in Guinea who
have many years of experience working in exploration and in mining in West Africa.
(a) Management
Avocet Mining is managed by the Board of Directors consisting of five Non-Executive Directors and
two Executive Directors (see paragraph 1 of Part II ‘‘Directors, Senior Managers, and Corporate
Governance’’ for further information). The Board is responsible for approving Company policy and
strategy.
Day to day management of Avocet Mining is conducted by the executive management through the
Executive Committee which comprises Brett Richards, Mike Norris, Peter Flindell and Richard Gray.
The SMB management team at Inata is headed up by Colin Belshaw as General Manager, Richard
Proulx as Finance Manager, Richard Gray as Executive Vice President, Operations, West Africa while
Rob Seed is the General Manager, West Africa Exploration.
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