Golden China Resources Corporation has made some strategic changes to its executive management team and board of directors subsequent to the company"s recent amalgamation with Michelago Limited.

The adjustments — which support best practices in corporate governance by creating a board that is highly independent, consisting entirely of non-executive directors — follow the company"s recent migration from the Toronto Venture Exchange to the main board of the Toronto Stock Exchange and the Australian Securities Commission. The changes are also designed to guide the company through its next phase of growth.

Frank Potter, who has previously held the positions of executive director of the World Bank and the International Finance Corporation in Washington DC, has been appointed chairman, replacing Douglas Betts who has left due to time constraints with other leadership roles. He continues his relationship with Golden China as a non-executive director.

Greg Starr has been appointed president and chief executive officer (CEO) of Golden China, bringing key mining organization leadership experience to the Golden China executive team through his previous CEO roles with Michelago Limited and Emperor Mines Limited.

Further to a previous decision to reduce the size of Golden China's board following the completion of the Golden China-Michelago transaction, Kenneth Grace has stepped down from his role as a director on the Golden China board as has Robert van Doorn and Greg Starr. 

Golden China Resources Corporation is a significant participant and consolidator in the Chinese precious metal industry and one of the largest producers of gold in China.