| Wed 8 Apr 2009, 8:00 | | FSE - FSE - Appointment of former Anglo Group Mining executives to the board of |
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FSE
FSE
FSE - FSE - Appointment of former Anglo Group Mining executives to the board of
Firestone energy Limited
FIRESTONE ENERGY LIMITED
(formerly Centralian Minerals Limited)
(Registration number: ABN 058 436 794)
(SA company registration number: 200/023973/10
Share code on the JSE: FSE
Share code on the ASX: FSE
ISIN: AU000000FSE6
("FSE" or "the Company")
APPOINTMENT OF FORMER ANGLO GROUP MINING EXECUTIVES TO THE BOARD OF FIRESTONE
ENERGY LIMITED
Firestone Energy Ltd (ASX: FSE, JSE: FSE) is pleased to announce the appointment
of Messrs John Dreyer and John Wallington, both former Anglo Group Mining
Executives, to its Board as non-executive Directors effective immediately. The
appointment significantly strengthens the Company`s Board in the areas of
corporate strategy, governance and coal mine development and operations
expertise as it moves forward on the Bankable Feasibility Study at its South
African Waterberg coal project.
"We are extremely pleased to have been able to attract Directors of the calibre
of John Dreyer and John Wallington to our Board. Their considerable mining and
corporate experience together with their skills in managing large bulk mining
operations will be invaluable as Firestone Energy continues to develop its South
African projects." said CEO of Firestone Energy, Garth Higgo.
Biographical information follows:
John Dreyer
John Dreyer, a lawyer by profession, has held a number of senior executive
positions through his career including the position of Executive Director of
Anglo Platinum, Business Development, In 2004 Mr. Dreyer retired from Anglo
Platinum and joined Pangea Diamond Fields as a director and shareholder. He was
instrumental in the listing of that company on AIM (LSE). Prior to joining
Anglo, Mr. Dreyer was Chief Executive Officer of Tavistock and Managing Director
of Shell Minerals Africa. He is also a former Director of the Richards Bay Coal
Terminal Company.
John Wallington
John Wallington, a mining engineer by profession, is an experienced high caliber
Mining Executive with a proven track record in delivering results and
transforming global organizations.
Mr. Wallington was previously the Global Chief Executive Officer (CEO) of Anglo
Coal for 6 years; and in a career spanning 27 years, he has held a number of
other senior positions at Anglo.
While CEO of Anglo Coal, Mr. Wallington developed and implemented the Coal
Division strategy, which integrated the vision and direction of the business
unit with profit, safety, operational performance and strategic growth targets.
He was a major player in bringing together the Black Empowerment transaction in
2007 that enabled Anglo Coal to meet its Transformation Targets.
About Firestone Energy (ASX: FSE)
Firestone Energy Limited is a Perth based exploration company listed on the
Australian Stock Exchange (ASX: FSE) and the Johannesburg Stock Exchange
(JSE:FSE).
Firestone is an exploration company that sources and develops viable mineral
projects with particular focus at this time on coal prospects in the Waterberg
Coal Field, South Africa.
The Company has a joint venture with Sekoko Coal over two farms located in the
Waterberg coalfield in the Limpopo Province of South Africa. This coalfield is
becoming increasingly important as coal reserves in the Witbank, Highveld and
Ermelo coalfields of the Mpumalanga Province, which currently supply the
majority of Eskom`s coal power stations, become depleted over the next 20-30
years.
The Company recently signed a further agreement with Sekoko Coal over four other
farms which will add a further 1 billion tonnes of coal to its existing holdings
in the Waterberg coal field. This joint venture is still subject to regulatory
and shareholder approvals.
Directors and Officers
Non Executive Directors:
Lee Boyd
Daryl Henthorn
Amanda Matthee
Malcolm Smartt
Timothy Tebeila
Chief Executive Officer
Garth Higgo
For further information please contact:
Tel: +61 (0)8 9381 2755 Garth Higgo (CEO)
Sponsor
River Group
Pretoria
8 April 2009
Date: 08/04/2009 08:00:03 Produced by the JSE SENS Department.
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