30 Jun 2010 08:00
Central Rand Gold Limited ("CRG" or the "Company")
(Incorporated as a company with limited liability under the laws of Guernsey, Company Number 45108)
(Incorporated as an external company with limited liability under the laws of South Africa, registration number 2007/019223/10)
ISIN: GG00B24HM601
Share code on LSE: CRND
Share code on JSE: CRD
Senior Management Update
CRG announces that Don Harper, Head of Mining, has informed the Company of his intention to resign as he intends to return to Perth, Western Australia, for family reasons.
Since Don's appointment in June 2009, CRG has developed a new mining plan and built a new mining and metallurgical team that has successfully proven the economic viability of the Company's first mine. The team, which includes amongst others Australian Contract Mining (Pty) Limited, has greatly improved operating practices and efficiency at CRG. Don leaves behind a capable and experienced team that will implement the operational plan enabling the Company to commence commercial production during 2010.
Once production at CMR West has commenced, the next objective of the Company will be to plan for the development of the adjoining mining licence area of CMR East and, potentially, the western part of the Crown Mines area. To this end, CRG will be seeking a replacement for Don Harper to work on the planning and assessment of CMR East and Crown Mines.
In making the decision to return to Western Australia, Don has decided to accept a position at another gold mining company based in Perth. Don has committed to continue to provide CRG, where required, with technical and operational advice until at least September 2010, to ensure his orderly departure from the Company.
Johan du Toit commented "Don was originally hired out of Western Australia to bring fresh thinking to the Central Rand Project and he has been instrumental over the last year in helping CRG to change its strategy and in the delivery of successful trial mining. With a young family which has remained in Perth for much of Don's tenure at CRG, Don has decided to return to Perth this year. On behalf of the Board of the Company and all staff, I wish him well for the future".
Issued on behalf of: Central Rand Gold Limited
Date: 30 June 2010
For further information, please contact:
Central Rand Gold +27 (0) 11 551 4000
Johan du Toit / Patrick Malaza
Evolution Securities Limited +44 (0) 20 7071 4300
Simon Edwards / Chris Sim / Neil Elliot
Macquarie First South Advisers (Pty) Limited +27 (0) 11 583 2000
Annerie Britz / Melanie de Nysschen / Manisha Ramlakhan
Buchanan Communications +44 (0) 20 7466 5000
Bobby Morse / Katharine Sutton
Jenni Newman Public Relations (Pty) Limited +27 (0) 11 506 7300
Jenni Newman / Megann Outram