JOHANNESBURG (miningweekly.com) – Lola Trollip has resigned as CEO and director of dual-listed Central Rand Gold (CRG).
She will step down on January 4, 2018, unless the board and Trollip agree on an earlier departure date.
CRG has, in recent months, repeatedly warned shareholders of the difficult financial position it is facing and, on Thursday said it required a cash injection of at least $20-million to remain a listed, operational mining group.
Its directors do not foresee that such a cash injection will be forthcoming in the near future and the company is considering the disposal of its interests in its immediate subsidiary, Central Rand Gold Netherlands Antilles.