10th Sep 2010 07:00
10 Sept 2010 African Barrick Gold plc (the "Company" or "ABG") Appointment of Chief Operating Officer
ABG is pleased to announce that Marco Zolezzi is joining as Chief Operating Officer with immediate effect.
Marco joins from Barrick's Australia Pacific Region where he has been the Director of Technical Services for the last 3 years. Prior to that, he held a number of senior project and management roles in the industry, including 6 years with Newcrest Mining where he was General Manager at the Telfer Mine, taking it from the project stage through to full ramp up, as well as 13 years with WMC Resources in a number of operational and technical roles. In total, he has over 30 years of experience in complex open pit and underground operations in Australia and South Africa with a variety of operational, technical and project management roles. In addition to Diplomas in Mining and Mechanical Engineering from Witwatersrand Institute of Technology in South Africa, he holds Bachelor degrees in Applied Science, Mechanical from the New South Wales Institute of Technology as well as in Applied Science, Mining from the Western Australian Institute of Technology.
Commenting on the appointment, Greg Hawkins, CEO, said: "I have worked closely with Marco and I am confident that he brings the skill set and experience to our senior management team to help take our business forward as we look to build on the strong platform we have created at our existing operations. His expertise in both running mines and bringing large scale, complex projects through to full ramp up will be of significant value as we continue to focus on delivering consistent performance at our operating mines. Equally, this will be crucial in driving forward our organic growth projects. I would like to thank our outgoing COO, Dave Anthony, for his many contributions over the last 10 years in Africa. He has been instrumental in developing our business to its current level, and we wish him all the best in his future endeavours."
ENQUIRIES
For further information contact:
African Barrick Gold plc Greg Hawkins, CEO +44 (0)207 129 7152 Andrew Wray, Head of IR & Corp Devt +44 (0)207 129 7155 Finsbury +44 (0)20 7251 3801 Andrew MitchellCharles Chichester
This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of ABG in any jurisdiction.
This announcement includes "forward-looking statements" that express or imply expectations of future events or results. Forward-looking statements are statements that are not historical facts. These statements include, without limitation, financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future production, operations, costs, products and services, and statements regarding future performance. Forward-looking statements are generally identified by the words "plans," "expect," "anticipates," "believes," "intends," "estimates" and other similar expressions.
All forward-looking statements involve a number of risks, uncertainties and other factors, and ABG cannot give assurances that such statements will prove to be correct. Risks, uncertainties and other factors could cause actual events or results to differ from those expressed or implied by the forward-looking statements. Factors that could cause or contribute to differences between the actual results, performance and achievements of ABG include, but are not limited to, general economic and business conditions, industry trends, competition, fluctuations in the spot and forward price of gold or certain other commodity prices, changes in regulation, currency fluctuations (including the US dollar, South African rand and Tanzanian shilling exchange rates), ABG's ability to successfully integrate future acquisitions, to recover its reserves or develop new reserves, including its ability to convert its resources into reserves and its mineral potential into resources or reserves, changes in its business strategy and political and economic uncertainty, as well as risks and hazards associated with the business of mineral exploration, development and mining. Although ABG's management believes that the expectations reflected in such forward-looking statements are reasonable, investors are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of ABG, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, forward-looking information and statements. Investors should not place reliance on forward looking statements in this announcement. Any forward looking statements in this announcement only reflect information available at the time of preparation. Subject to the requirements of, the Disclosure and Transparency Rules and the Listing Rules or applicable law, ABG explicitly disclaims any obligation or undertaking publicly to release the result of any revisions to any forward-looking statements in this announcement that may occur due to any change in ABG's expectations or to reflect events or circumstances after the date of this announcement. Nothing in this announcement should be construed as a profit forecast or estimate.
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