17 Apr 2013 07:00
ANNOUNCEMENT 17 April 2013
Finance Director Appointed
Coal of Africa Limited (the "Company" or "CoAL") is pleased to advise that Michael Meeser has been appointed as Chief Financial Officer and Executive Director with effect from 1 June 2013.
Michael George Meeser (48) is a qualified Chartered Accountant and has over 20 years' extensive local and international experience in project finance. Michael spent 6 years in London working for Edison Mission Energy Limited, a company that developed, owned and operated independent power projects world-wide and with interests in more than 50 power projects and assets of more than $4 billion. In 1998, Michael joined Investec Bank's Project and Infrastructure Finance business within their Capital Markets' division. He is currently Head of the Project & Infrastructure and Commodity & Resource Finance businesses for Africa and is a member of the divisions' executive committee.
Commenting today David Brown said: "I would like to welcome Michael on board during a challenging and yet exciting period of the Company's development. Michael brings a suite of unique skills that will enable the management to further strengthen the Company's balance sheet as we bring our coking and thermal coal projects to account. As a Board we are keen to ensure that we execute on the key milestones necessary for shareholder value growth."
Save as set out below there is no further information required to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM Rules:
Current Directorships: | Directorships in past 5 years |
Lezmin 2026 CC Micawber 264 (Pty) Limited Moyeng Energy (Pty) Limited Nervada Trading 2 (Pty) Limited Rheboksfontein Wind Power (RF) (Pty) Limited Stand 82 Kyalami Estates CC | Kyalami Estate Homeowners Association (Pty) Limited |
AUTHORISED BY:
David Brown
Chairman
For more information contact:
David Brown | Chairman | Coal of Africa | +27 11 575 4363 |
John Wallington | Chief Executive Officer | Coal of Africa | +27 11 575 4363 |
Sakhile Ndlovu | Investor Relations | Coal of Africa | +27 11 575 6858 |
Tony Bevan | Company Secretary | Endeavour Corporate Services | +61 08 9316 9100 |
Company advisors:
Jos Simson/Emily Fenton | Financial PR (United Kingdom) | Tavistock | +44 20 7920 3150 |
Chris Sim/Neil Elliot | Nominated Adviser | Investec Bank plc | +44 20 7597 5970 |
Charmane Russell/James Duncan | Financial PR (South Africa) | Russell & Associates | +27 11 880 3924 or +27 82 372 5816 |
Investec Bank Limited is the nominated JSE Sponsor
About CoAL:
CoAL is an AIM/ASX/JSE listed coal exploration, development and mining company operating in South Africa. CoAL's key projects include the Vele Colliery (coking and thermal coal), the Greater Soutpansberg Project, including CoAL's Makhado Project (coking coal) and the Mooiplaats and Woestalleen Collieries (both thermal coal).
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