Asa Resources Regulatory News (ASA)

27 Feb 2007 07:04

Mwana Africa PLC27 February 2007 Board Changes Johannesburg & London, 27 February 2007 - Mwana Africa plc ("the Company" or"Mwana") announces today the retirement of Tim Wadeson as Non-Executive Directorof the Company. The Board would like to thank Tim for his contribution to the Company,particularly in the formation of Mwana Africa. The Board of Mwana also announces it has appointed John Anderson and EtienneDenis to the Board as Non-Executive Directors, with immediate effect. John Anderson is a Director of J O Hambro Investment Management Ltd where hemanages investment portfolios for a predominantly international client base.Prior to joining J O Hambro in 1988, he was a Director of J Henry SchroderWagg where he was instrumental in establishing Schroder Securities Ltd and wasformerly both Finance and International Partner at Panmure Gordon & Co. He hasbeen involved in natural resources and emerging markets for 40 years and is aqualified Chartered Accountant and a graduate of Edinburgh University. Etienne Denis holds a PhD in Science from the University of Louvain (UCL). Afterworking at the University and with Gecamines in the Democratic Republic ofCongo, he joined Umicore (former Union Miniere) in 1974 where he held a numberof management positions, including Managing Director of Union Zinc, UmicoreEngineering and Sibeka until 2003. He retired from his executive positions andbecame a Board member of Umicore until mid 2005 when he moved to the Board ofCumerio. Etienne was a Director of Adastra Minerals Inc. until 2006 when it waspurchased by First Quantum Minerals. Commenting on the announcement, Kalaa Mpinga, Chief Executive Officer of MwanaAfrica, said: "On behalf of the Board, I would like to thank Tim Wadeson for the importantrole he has played in building Mwana. His advice and direction over the yearshas been greatly appreciated and we wish him all the very best in retirement. "We are delighted to welcome John and Etienne to the Mwana Africa Board. John'sknowledge of investment issues and his wide experience in Africa, together withEtienne's contacts and knowledge in the DRC mining industry will be invaluableas we continue to develop and grow the Company." Enquiries: Kalaa Mpinga, CEO or Oliver Baring, ChairmanMwana Africa plc Tel. +44 207 654 5588 Tom Randell or Maria SuleymanovaMerlin Tel. +44 207 653 6620 The following information is provided in accordance paragraph 2(g) of Schedule 2of the AIM Rules: 1) John Alexander Anderson (66) - has held within past the 5 years the following directorships: J O Hambro Investment Management (US) Ltd African Gold Plc - currently holds directorships at: J O Hambro Investment Management Ltd JOHIM (Holdings) Ltd J O Hambro Asset Management Limited Kongoni Menorca Limited (nominee company) Blairmore Limited (publicly traded investment trust) Latin American Extra Yield Fund (Advisory Board) (publicly traded investment trust) JOHIM Cayman (II) - alternative director JOHIM Cayman (III) - alternative director Tai Chi Fund Ltd - alternative director (publicly traded investment trust) JOHIM IDF LLC- alternative director - John Anderson holds 250,000 shares in Mwana Africa plc 2) Etienne F. L. Denis (64) - has held within the past 5 years the following directorships: Umicore S.A. Umicore Engineering S.A. Umicore Marketing Services S.A. Adastra Minerals Inc. (formally America Mineral Fields Inc.) Sogem S.A. Sopave Syndiabel S.A. Traxys S.A. Element Six Abrasives S.A. - currently holds directorships at: Sibeka S.A. Cumerio S.A. Sapiensa S.P.R.L. Maison de la Radio Flagey S.A. - Mr. Denis resigned from his position as director of Contimine S.A., a Belgian company on December 31, 1998. Contimine S.A. was subsequently declared bankrupt on October 27, 1999. There are no further disclosures required pursuant to paragraph 2(g) of Schedule2 to the AIM Rules. This information is provided by RNS The company news service from the London Stock Exchange