5 Nov 2009 12:17
5 November 2009
International Ferro Metals Limited
("IFL" or the "Company")
Director not seeking re-election
Mr Ian Watson has advised the board of IFL that he will not be seeking re-election at the forth coming Annual General Meeting ("Meeting") of the company on 12 November 2009. Accordingly Mr Watson will retire as a director at the conclusion of the Meeting and the resolution for his re-election will not be put to the Meeting.
The board of IFL would like to take this opportunity to thank Mr Watson for his time as a director which has seen the company grow into an integrated chromite mine and ferrochrome processing operation and wish him all the best for his future endeavours.
The board of IFL has begun the search process for an independent non executive director who will satisfy the criteria for independence as set out in the Combined Code on Corporate Governance
For further information please contact:
International Ferro Metals Limited
David Kovarsky, Managing DirectorMob: +27 82 650 1192
www.ifml.com
Brunswick Group
Patrick Handley / Carole Cable
Tel: +44 (0) 20 7404 5959
Numis Securities Limited
John Harrison / Stuart Skinner
Tel: +44 (0) 20 7260 1000
Notes to editors:
IFL produces ferrochrome, the essential ingredient in stainless steel, from its integrated chromite mine and ferrochrome processing operations in South Africa.