13th Jun 2007 09:52
GVM Metals Ltd13 June 2007 GVM METALS LIMITED ("GVM" or the "Company") DIRECTOR APPOINTMENTS GVM Metals Ltd (GVM), a company with a primary listing on the Australian StockExchange and secondary listings on London's Alternative Investment Market andthe Johannesburg Stock Exchange, today announced that it had appointedNonkqubela Mazwai as an executive director and deputy managing director andNchakha Moloi as a non-executive director with immediate effect. Nonkqubela has considerable experience in the mining and related industrieshaving been a director of the following South African organisations: • Lafarge Mining and Industries • Central Energy Fund (Pty) Ltd • Strategic Fuel Fund • South African Mining Development Association (SAMDA) • CIDA Empowerment Trust - Chairperson Additionally, Nonkqubela has provided advisory services to blue chip companiessuch as Richards Bay Coal Terminal, Anglo American and De Beers as well asparastatals including Spoornet and Eskom. Nonkqubela has worked with the SouthAfrican government's Department of Minerals and Energy on implementing mininglegislation and the mining charter promoting the participation by previouslydisadvantaged South Africans in the mining industry. Nonkqubela was chief executive officer of Motjoli Resources (Pty) Ltd (Motjoli),a South African diversified mining company that is a significant shareholder inGVM. Motjoli entered into a transaction with GVM that has resulted in Motjolireversing it's 51% interest in the Holfontein coal project and its interest inthe Baobab coal joint venture for shares in GVM. Simon Farrell, GVM's Managing Director said that Nonkqubela's appointment bringsbusiness expertise that will strengthen the company's ties to all South Africanstakeholders. He added that the company's asset base and future is centred inSouth Africa and, as such it was important to have Nonkqubela's insight andexperience to help guide the strategic direction of GVM into the future. Helooked forward to a long and fruitful relationship between GVM and Nonkqubela. Nchakha has over 15 years experience in the mining industry. He is currently theexecutive chairman of Motjoli Resources, former director general - Department ofMinerals and Energy, and director of the Minerals Development Board. Nchakha'sappointment brings invaluable experience to the GVM board. A further announcement containing the full disclosures required under Schedule2, Para (g) of the AIM Rules will be made shortly. For more information contact:Simon Farrell, Managing Director GVM +61 417 985 383 or +61 8 9322 6776Leesa Peters / Jos Simson Conduit PR +44(0) 20 7429 6606Olly Cairns / Romil Patel Blue Oar Securities Plc +44(0) 20 7448 4400 www.gvm.com.au This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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