Pan Andean has announced the appointment of Mr Mauricio Gonzalez and Mr Jim Finn to the board. Mr Gonzalez has served as energy minister, in Bolivia, as well as president of the National Bolivian Oil Company, while Mr Finn is secretary of Pan Andean and director of Minco and Cooley Distillery.

Mr David Bramhill has stepped down from the Pan Andean board "to concentrate on his mineral ventures", the company said. "For eleven years he soldiered with me, without compensation, as we sought to develop our Bolivian acreage," said chairman, Dr John Teeling.