Less Ads, More Data, More Tools Register for FREE

Directorate Change

23 Apr 2013 07:00

RNS Number : 9424C
Coal of Africa Limited
23 April 2013
 



ANNOUNCEMENT 23 April 2013

 

Board Changes

 

Coal of Africa Limited ("the Company" or "CoAL") advises that John Wallington, Chief Executive Officer ("CEO") will not be renewing his contract with the Company by mutual agreement with his executive role ending on 31 May 2013.

 

Mr Wallington's three-year contract with CoAL commenced on 31 May 2010 and he has been instrumental in enabling the Company to overcome the varied regulatory challenges since the beginning of his tenure. In addition to his role as the Chairman of CoAL, David Brown will become the interim CEO for a maximum period of six months whilst the appointment of a permanent successor will be progressed.

 

Commenting today David Brown said: "On behalf of the Board, I would like to thank John for his commitment and contribution in what has been a difficult and challenging period for the Company and wish him well for the future. John has effectively established sound relations with the relevant government departments and civil society, and a resilient management team that is equipped to take CoAL from an exploration to a mining company."

 

Professor Alfred Nevhutanda, currently the Executive Director Corporate Affairs, has also by mutual agreement tendered his resignation from the Board with effect from 30 April 2013. Professor Nevhutanda joined the Board on 2 February 2009.

 

"On behalf of the Board, I would like to thank Professor Nevhutanda for his continued dedication in establishing the Company's stakeholder structures in the areas we operate, particularly in the Limpopo province where the key coking projects which include Makhado are located" commented David Brown. "These changes will enable the Company to continue to remain focussed on the key organisational processes to enable CoAL to migrate to a world class producer of coking and thermal coal."

 

AUTHORISED BY:

David Brown

Chairman

 

 

 

For more information contact:

David Brown

Chairman

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).

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
BOABLGDSXGDBGXD

Related Shares

Back to RNS

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.