Tethyan appoints new CEO

Western Australian-headquartered copper explorer Tethyan Copper Company Ltd has appointed Eduardo Flores as the company's new chief executive officer.

Mr Flores is an Antofagasta executive and his appointment will commence with immediate effect.

UK listed, Chilean-based copper producer Antofagasta had been involved in a protracted takeover bid for Tethyan, with Skafell, the takeover vehicle of Hong Kong asset management group Crosby Capital Partners.

The Tethyan board has always maintained support for the Antofagasta bid.

In making the announcment of the appointment, the new board of Tethyan said it would like to extend its thanks to the outgoing board for its efforts in building Tethyan to its current position.