Wrap Text
Board Changes
Coal of Africa Limited
Incorporated and registered in Australia)
(Registration number ABN 008 905 388)
ISIN AU000000CZA6
JSE/ASX/AIM share code: CZA
("CoAL or the "Company" or the "Group")
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
Suite 8,7 The Esplanade, Mt Pleasant, Perth WA 6153, Australia, Tel: +61 8 9316 9100, Fax: +61 8 9315 5475, Email: perth@coalofafrica.com
ZA: 2nd Floor, Gabba Building, The Campus, 57 Sloane Street, Bryanston, Johannesburg, South Africa 2021, Tel: +27 11 575 4363, Fax: +27 11 576 7484, Email: adminza@coalofafrica.co.za
Company Registration: ACN 008 905388
David H. Brown - Chairman, John N. Wallington - Chief executive officer, Professor N. A. Nevhutanda - Corporate affairs director
Non-executive directors: Peter G. Cordin, Khomotso B. Mosehla , Dave J. K. Murray, Bernard R. Pryor, Rudolph H. Torlage
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).
Date: 23/04/2013 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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