27th Aug 2009 09:45
ANNOUNCEMENT 27 AUGUST 2009
APPOINTMENT OF NON-EXECUTIVE DIRECTOR
Coal of Africa Limited ("CoAL" or "Company"), the AIM/ASX/JSE listed coal mining and development company operating in South Africa (ticker: CZA), is pleased to announce the appointment of Mr Hendrik ("Kobus") Verster as ArcelorMittal's nominee non-executive director, effective immediately. Consequently, Mr Pierre Leonard, has stepped down from the Board as non-executive director.
Mr Verster has 15 year's finance experience within the ArcelorMittal Group. He is currently Executive Director Finance to ArcelorMittal South Africa and a Board member of various unlisted ArcelorMittal Group companies.
Mr Verster is also a Director of the National Business Initiative ("NBI") in South Africa. NBI, a regional partner to the World Business Council for Sustainable Development, is a voluntary group of leading national and multi-national companies which work together towards sustainable growth and development in South Africa through partnerships, practical programmes and policy engagement.
Disclosure of Directorships under schedule 2(g) of the AIM Rules
Kobus Verster is or has been a Director of the following companies during the previous 5 years:
Kalagadi Manganese (Pty) Limited
Macsteel International Holdings BV
Ferrosure (Isle of Man) Insurance Company Limited
National Business Initiative
Other Directorships held within the previous five years:
Mittal Steel Company NV
Mittal Steel South Africa
There are no other matters which are required to be announced with regards to this appointment under paragraph (g) of Schedule 2 of the AIM Rules.
The Board welcomes Mr Verster and looks forward to his contribution.
Mr Verster's Appendix 3X "Director's Initial Interest Notice" and Mr Leonard's Appendix 3Z "Director's Final Interest Notice" will follow.
Yours sincerely
SIMON J FARRELL
Managing Director
For more information contact:
Simon Farrell, Managing Director CZA +61 417 985 383 or +61 8 9322 6776
Peter Bacchus/ Alastair Cochran Morgan Stanley +44(0) 20 7425 8000
Simon Edwards/ Chris Sim Evolution Securities +44(0) 20 7071 4300
Jos Simson/ Leesa Peters Conduit PR +44(0) 20 7429 6603
About CoAL:
Coal of Africa Limited ("CoAL") is primarily focused on the acquisition, exploration and development of thermal and metallurgical coal projects. The Company's key projects, along with its leading metals processing company NiMag Group (Pty) Ltd are in South Africa. The Company was incorporated in Western Australia and listed in 1980. Since 2005, the Company has also listed on both the AIM and JSE markets, allowing further growth in the Company's coal assets.
Related Shares:
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