| Wed 30 Jun 2010, 9:00 | | CRD - Central Rand Gold Limited - Senior management update |
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CRD
CRD
CRD - Central Rand Gold Limited - Senior management update
Central Rand Gold Limited
("Central Rand Gold" or "CRG" or the "company")
(Incorporated as a company with limited liability under the laws of Guernsey,
Company Number 45108)
(Incorporated as an external company with limited liability under the laws of
South Africa, registration number 2007/019223/10)
ISIN: GG00B24HM601
Share code on LSE: CRND
Share code on JSE: CRD
SENIOR MANAGEMENT UPDATE
CRG announces that Don Harper, Head of Mining, has informed the company of his
intention to resign as he intends to return to Perth, Western Australia, for
family reasons.
Since Don`s appointment in June 2009, CRG has developed a new mining plan and
built a new mining and metallurgical team that has successfully proven the
economic viability of the company`s first mine. The team, which includes amongst
others Australian Contract Mining (Pty) Limited, has greatly improved operating
practices and efficiency at CRG. Don leaves behind a capable and experienced
team that will implement the operational plan enabling the company to commence
commercial production during 2010.
Once production at CMR West has commenced, the next objective of the company
will be to plan for the development of the adjoining mining licence area of CMR
East and, potentially, the western part of the Crown Mines area. To this end,
CRG will be seeking a replacement for Don Harper to work on the planning and
assessment of CMR East and Crown Mines.
In making the decision to return to Western Australia, Don has decided to accept
a position at another gold mining company based in Perth. Don has committed to
continue to provide CRG, where required, with technical and operational advice
until at least September 2010, to ensure his orderly departure from the company.
Johan du Toit commented "Don was originally hired out of Western Australia to
bring fresh thinking to the Central Rand Project and he has been instrumental
over the last year in helping CRG to change its strategy and in the delivery of
successful trial mining. With a young family which has remained in Perth for
much of Don`s tenure at CRG, Don has decided to return to Perth this year. On
behalf of the Board of the company and all staff, I wish him well for the
future".
30 June 2010
Johannesburg
Sponsor
Macquarie First South Advisers (Pty) Ltd
For further information, please contact:
Central Rand Gold +27 (0) 11 551 4000
Johan du Toit / Patrick Malaza
Evolution Securities Limited +44 (0) 20 7071 4300
Simon Edwards / Chris Sim / Neil Elliot
Macquarie First South Advisers (Pty) Limited +27 (0) 11 583 2000
Annerie Britz /Melanie de Nysschen /
Manisha Ramlakhan
Buchanan Communications +44 (0) 20 7466 5000
Bobby Morse / Katharine Sutton
Jenni Newman Public Relations (Pty) Ltd +27 (0) 11 506 7300
Jenni Newman / Megann Outram
Date: 30/06/2010 09:00:01 Produced by the JSE SENS Department.
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