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CZA
CZA
CZA - Coal of Africa Limited - Board appointments
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`)
BOARD APPOINTMENTS
CoAL the AIM/ASX Limited /JSE Limited listed coal mining and development
company operating in South Africa (ticker: CZA), is pleased to announce that
it has appointed Messrs Khomotso Mosehla, Mikki Xayiya and Rudolph Torlage as
Non-Executive Directors of the Company, effective immediately.
Messrs Xayiya and Mosehla have been appointed as nominee Non-Executive
Directors of the Company`s Broad-Based Black Economic Empowerment ("BBBEE")
partner Firefly Investments 163 (Proprietary) Limited ("Firefly"). The
appointments follow the Company`s announcement on 11 December 2009 whereby
CoAL confirmed it had executed formal agreements with Firefly ("BBBEE
Agreements") as part of CoAL`s efforts to ensure compliance with South
African legislative requirements for black empowered groups to hold at least
a 26% participation in mining companies by 2014, and to pave the way for the
Company`s long term future in South Africa. Pursuant to the BBBEE Agreements,
Firefly had the right to nominate two persons for appointment to the CoAL
Board.
Further, following the recent resignation of Mr Hendrik ("Kobus") Verster as
ArcelorMittal South Africa`s nominee, Mr Torlage has been appointed in his
stead as ArcelorMittal`s nominee Non-Executive Director on the Board.
Mr Khomotso Brian Mosehla
BCompt (Hons), CTA, CA (SA)
After serving articles at KPMG, Mr Mosehla worked for five years at African
Merchant Bank Limited, where he gained a broad range of experience, including
MBO, LBO and capital restructuring/raising transactions.
In 2003, he established Mvelaphanda Corporate Finance, for the development of
Mvelaphanda`s mining and non-mining interests. Mr Mosehla served as a
director on the boards of several companies, including Mvelaphanda Resources
Limited, and he is currently the Chief Executive Officer of Mosomo Investment
Holdings (Pty) Ltd.
Mr Mikki Sivuyile Xayiya
BA (Unisa), Cert of Defence Management (Wits), Emerging Market Leadership
Programme (University of Pennsylvania)
Mr Xayiya has served in various capacities in the African National Congress
since 1977. In 1995, he was appointed as a Policy Advisor - Office of the
Premier, Gauteng Provincial Government. He left public office and joined
Mawenzi Asset Managers as Managing Director. In 1998 he co-founded
Mvelaphanda Holdings. Mr Xayiya was appointed as Executive Chairman of
Mvelaphanda Holdings with effect from 9 June 2009.
Mr Rudolph Torlage
BCompt (Hons), CTA, CA (SA)
Mr Torlage is a Chartered Accountant and has over twenty years experience
with ArcelorMittal South Africa. He is currently Executive Director Finance
and a Board member of various unlisted ArcelorMittal Group companies.
Disclosure of Directorships 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 appointments pursuant to Schedule 2 paragraph (g) of
the AIM Rules, save as set out below:
Full Name: Khomotso Brian Mosehla
Age: 38 years
Current Directorships Past Directorships within last
5 years
Mosomo Investment Holdings DCD Dorbyl (Pty) Ltd
(Pty) Ltd Life Healthcare (Pty) Ltd
D`Aria Vineyards (Pty) Ltd Swissport (Pty) Ltd
Malundi Investments (Pty) Ltd Fundiswa Investments (Pty) Ltd
Mandumo Investments (Pty) Ltd Mvela Capital (Pty) Ltd
Bojanala Bus (Pty) Ltd
CHC Helicopters South Africa
(Pty) Ltd
Mvelaphanda Debt (Pty) Ltd
Mvelaphanda Equity (Pty) Ltd
Mvelaphanda Platinum (Pty) Ltd
Unitrans Express Deliveries
(Pty) Ltd
Unitrans Fuel and Chemical
(Pty) Ltd
Mvelaphanda Exploration (Pty)
Ltd
Ndowana Explorations (Pty) Ltd
Mvelaphanda Resources Ltd
Platinum Mile Resources (Pty)
Ltd
Full Name: Mikki Sivuyile Macmillan Xayiya
Age: 49 years
Current Directorships Past Directorships within last
5 years
Avusa Ltd ABSA Asset Management (Pty)
Bizvest 6 (Pty) Ltd Ltd
Cedar Falls Properties 122 Acinad Productions (Pty) Ltd
(Pty) Ltd Afrilex Freight Services (Pty)
Dunrose Investments 30 (Pty) Ltd
Ltd Bechini Investments 65 (Pty)
Foudale Investments (Pty) Ltd Ltd
Galegant Investments 73 (Pty) Bhambatha Management Solutions
Ltd (Pty) Ltd
Great Force Investments 204 Desta Power Matla Holdings
(Pty) Ltd (Pty) Ltd
Hillcrest Toyota (Pty) Ltd Desta Pwer Matla (Pty) Ltd
Kismet Investments 57 (Pty) Dikela Investment Holdings
Ltd (Pty) Ltd
Marble Gold 86 (Pty) Ltd Emerald Sky Trading 339 (Pty)
Mvelaphanda Holdings (Pty) Ltd
Ltd Energy Advancement Research
Mvelaphanda Group Ltd Trust (Pty) Ltd
Mvelaphanda Resources Ltd r Etis Mvelaphanda Engineering
Mvelephanda Exploration (Pty) (Pty) Ltd
Ltd GEM Diamonds Mining
Mvelaphanda Administration Corporation (Pty) Ltd
Services (Pty) Ltd Global Village Netword
Mvelaphanda Property Technology (Pty) Ltd
Development Holding Company Guild Hall No 22 Investment
(Pty) Ltd Holding Company (Pty) Ltd
Mvelaphanda Treasury and Integra Systems (Pty) Ltd
Financial Services (Pty) Ltd Karan Beef (Pty) Ltd
Northam Platinum Ltd KBH Consolidated Services
Ophyr Energy PLC (Pty) Ltd
Platinum Mile Resources (Pty) Life Healthcare Group Ltd
Ltd Life Healthcare Group Holdings
SMG Auto (Cape Town) (Pty) Ltd
Ltd Life Impilo (Pty) Ltd
SMG Auto (Durban) (Pty) Ltd Linkcorp Rail and Logistics
SMG Auto (PMB) (Pty) Ltd (Pty) Ltd
Spirito Trade 82 (Pty) Ltd Main Street 207 (Pty) Ltd
Stonehurst Development (Pty) Main Street 208 (Pty) Ltd
Ltd Malundi Investments Holdings
Tyger Falls Development (Pty) (Pty) Ltd
Ltd Maslex (Pty) Ltd
Ukwanda Investments (Pty) Ltd Mawenzi Asset Manager (Pty)
Zano Investments (Pty) Ltd Ltd
Mawethu Holdings (Pty) Ltd
Mvelamasefield (Pty) Ltd
Mvelaphanda Capital (Pty) Ltd
Mvelaphanda Diamonds (Pty) Ltd
Mvelaphanda Energy (Pty) Ltd
Mvelaphanda Financial Asset 01
(Pty) Ltd
Mvelaphanda Financial Services
(Pty) Ltd
Mvelaphanda Gold (Pty) Ltd
Mvelaphanda Logistics (Pty)
Ltd
Mvelaphanda Private Equity
(Pty) Ltd
Mvelaphanda Property
Investments (Pty) Ltd
Mvelaphanda Strategic
Investments (Pty) Ltd
Ndowana Exploration (Pty) Ltd
Ndowana Explaration Two (Pty)
Ltd
Otterbea International (Pty)
Ltd
Pan Africa Airline Investments
(Pty) Ltd
Pan Africa Airways (Pty) Ltd
Retsogile Investments (Pty)
Ltd
Sanlam Developing Markets
(Pty) Ltd
Somerset Boulevard Development
(Pty) Ltd
Stawelklip Estates (Pty) Ltd
Teta Investments (Pty) Ltd
Umholi Investments (Pty) Ltd
Zarara Energy (Pty) Ltd
Full Name: Rudolph Henry Torlage
Age: 47 years
Current Directorships Past Directorships within last
5 years
ArcelorMittal South Africa Ltd N/A
ArcelorMittal South Africa
Operations (Pty) Ltd
ArcelorMittal African
Investments (Alternate
Director)
ArcelorMittal Maputo SA
Pietersburg Iron Ore Company
(Pty) Ltd
Consolidated Wire Industries
(Pty) Ltd
Collect a Can Pty (Ltd)
Toyota Tsusho SA Processing
(Pty) Ltd
Saldanha Steel (Pty) Ltd
Microsteel (Pty) Ltd
Macsteel International
Holdings B.V.
The Board welcomes Messrs Mosehla, Xayiya and Torlage and looks forward to
their contribution.
AUTHORISED BY:
JOHN WALLINGTON
Chief Executive Officer
Johannesburg
18 November 2010
JSE Sponsor
Macquarie First South Advisers (Pty) Ltd
Date: 18/11/2010 07:05:16 Produced by the JSE SENS Department.
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