| Wed 8 Sep 2010, 7:05 | | CZA - Coal of Africa Limited - Appointment of David Murray as senior non- |
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CZA
CZA
CZA - Coal of Africa Limited - Appointment of David Murray as senior non-
executive director
Coal of Africa Limited
(previously, "GVM Metals Limited")
(Incorporated and registered in Australia)
(Registration number ABN 008 905 388)
JSE Share code: CZA
ASX Share code: CZA
ISIN AU000000CZA6
("CoAL" or "the Company")
APPOINTMENT OF DAVID MURRAY AS SENIOR NON-EXECUTIVE DIRECTOR
Coal of Africa Limited is pleased to announce that it has appointed Mr David
Murray as Senior Independent Non-Executive Director of the Company, effective
immediately.
Mr Murray has held a number of senior positions in the global coal industry,
including Managing Director of Ingwe Coal Corporation (formerly Trans-Natal Coal
Corporation Limited), Chief Executive of BHP Billiton Mitsubishi Alliance and
President of Energy Coal Sector Group at BHP Billiton Limited ("BHP Billiton"),
a position he held until December 2009.
CoAL`s Executive Deputy Chairman, Mr Simon Farrell, today commented: "We are
delighted that Dave Murray has agreed to join the Board as Senior Independent
Non-Executive Director. He brings vast experience in the coal industry. The
Board is extremely fortunate to now have the experience and counsel of former
CEOs of the coal businesses of BHP Billiton, Anglo American and Rio Tinto
(Australia). Post the development of the Makhado project, the skills they can
collectively contribute to the Company will help us to continue the rapid growth
path enjoyed over the past few years."
BACKGROUND
Mr Murray worked for Ingwe Coal Corporation from 1978 until 1999. He progressed
through various operational, project and managerial positions until he was
appointed Managing Director in 1993. In 1999, Mr Murray was appointed Chief
Executive of Billiton Coal Plc and in 2001 he moved to Australia, after being
appointed CEO of BHP Billiton Mitsubishi Alliance, a position that he held until
2004.
In early 2005, Mr Murray moved to Melbourne to the global headquarters of BHP
Billiton when he accepted the position as President of Metallurgical Coal. With
the decision made in early 2007 to merge its Energy Coal and Metallurgical Coal
businesses, Mr Murray became the President of the Coal Customer Sector Group.
After the decision in 2008 by BHP Billiton to separate the two coal businesses,
Mr Murray accepted the role as President of the Energy Coal Sector Group, a
position he held until he left BHP Billiton in December 2009.
Mr Murray holds a Bachelor of Science Degree (Civil Engineering) from the
University of KwaZulu-Natal and a Post Graduate Diploma in Mining Engineering
from the University of Pretoria. He has also completed the Advanced Executive
Program from the University of South Africa.
As part of his package, and subject to shareholder approval, Mr Murray (or his
nominee/s) will be entitled to receive 2,500,000 unlisted options for no
consideration, each option having an exercise price equal to the volume weighted
average price of the Company`s shares 10 trading days prior to the issue date
and an expiry date 5 years from the date of issue, 1,000,000 of which will vest
12 months after the date of issue, 750,000 of which will vest 24 months after
the date of issue and the remaining 750,000 vesting 36 months from the date of
issue.
AIM RULES DISCLOSURE UNDER SCHEDULE 2(G) OF THE AIM RULES
There is no other information that is required to be disclosed with regards to
the above mentioned appointment pursuant to Schedule 2 paragraph (g) of the AIM
Rules, save as set out below:
Full Name: Mr David John Keir Murray
Age: 55 years
Current Directorships Past Directorships within last 5
years
None Queensland Resource Council
Coal Industry Advisory Board
Australian Coal Association
An Appendix 3X "Director`s Initial Interest Notice" will follow.
Authorised by:
JOHN WALLINGTON
Chief Executive Officer
8 September 2010
JSE Sponsor
Macquarie First South Advisers (Pty) Limited
Contacts:
CoAL Tel: +27 (0) 11 575 4363
John Wallington
Blair Sergeant
Evolution Securities Tel: +44 (0) 20 7071 4300
Simon Edwards
Chris Sim
Conduit PR Tel: +44 (0) 20 7429 6603
Jos Simson
Leesa Peters
Macquarie First South Advisers Tel: +27 (0) 11 583 2000
Melanie de Nysschen
Annerie Britz
www.coalofafrica.com
About CoAL
CoAL is an AIM/ASX/JSE listed coal mining and development company operating in
South Africa. CoAL`s key projects include the Woestalleen Colliery, the
Mooiplaats thermal coal mine, the Vele coking coal project and the Makhado
coking coal project.
The Mooiplaats coal mine commenced production in 2008 and is currently ramping
up to produce 2 million tonnes per annum ("Mtpa"). CoAL`s Makhado coking coal
project is expected to start production in 2012 and timing for Vele to reach
production is still to be confirmed. These operations are targeted to
collectively produce an initial 2 Mtpa ramping up to a combined annual output of
10 Mtpa of coking coal.
In 2010, CoAL completed the ZAR467m acquisition of NuCoal Mining (Pty) Limited
("NuCoal"), a thermal coal producer with assets in South Africa in close
proximity to CoAL`s Mooiplaats mine. NuCoal owns the Woestalleen Colliery, which
has a number of off-take contracts in place and processes approximately 2.5Mtpa
of saleable coal for domestic and export markets. NuCoal also owns two
beneficiation plants, one fully operational mine producing approximately 300kt
per month of ROM coal and has recently commenced production at a second mine.
CoAL currently has 1 Mtpa export capacity at the Matola Terminal in Maputo,
Mozambique, increasing to 3 Mtpa on completion of the next phase of expansion at
the terminal. CoAL also has the option to participate in further expansion at
the Matola Terminal, which is expected to increase the capacity at the terminal
by an additional 10 Mtpa
Date: 08/09/2010 07:05:02 Produced by the JSE SENS Department.
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