Business
Relocates Head Office to Jakarta, Indonesia
Relocates Head Office to Jakarta, Indonesia.
About this update from Asiamet Resources Limited
[{"type":"text","content":"\n \nRNS Number : 5580A Asiamet Resources Limited 22 January 2020 \n\n \n22 January 2020\n \n \nAsiamet Relocates Head Office and Corporate Function to Jakarta, Indonesia \n \nAsiamet wishes to advise that following on from a review of its operations and the development path for the Company going forward, it intends to relocate its corporate head office function from Melbourne, Australia to Jakarta, Indonesia commencing immediately.\nWhile there are a number of drivers for the relocation, the Asiamet Board considers that a significant increase in corporate and project activities relating to ongoing funding and development of the Company's asset portfolio, in particular the nearer term BKM Copper Project, is best served by moving the Corporate head office to Jakarta.\nAs part of this transition, CEO and Deputy Chairman Mr Peter Bird will depart the Company effective Friday 31 January 2020.\nChief Financial Officer, Mr James Deo will continue to work with Executive Chairman Tony Manini to transition the corporate functions to Jakarta over the next 2-3 months and a recruitment agency will be appointed to assist the Company with a search process to fill senior operational management roles in Jakarta. James will continue in his current role until the Jakarta operational team is fully established and the transition of all corporate functions and activities is complete.\nThe Asiamet in-country team remains highly focussed on advancing the extensive processes required to secure the permits for further drilling and BKM project construction, and these activities will continue uninterrupted reporting directly to the Executive Chairman. Intensive ongoing financing activities are being led by the Executive Chairman, supported by the CFO and Board.\nExecutive Chairman Mr Tony Manini said \"the Company is now in a strong position as a result of the delivery of the BKM Feasibility Study and the establishment of management systems and processes that have been put in place by the Melbourne team to set the Company up for its next stage of development. These are never easy decisions but it is the Board's firm view that post completion of the BKM studies phase, the major activities relating to permitting, funding and project development are best managed from a Jakarta headquarters. On behalf of the Board I would like ...