| Mon 5 Sep 2011, 7:07 | | GDO - Gold One International Limited - Gold One Strengthens Management Team |
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GDO
GDO
GDO - Gold One International Limited - Gold One Strengthens Management Team
Gold One International Limited
Registered in Western Australia under the Corporations Act, 2001 (Cth)
Registration number ACN: 094 265 746
Registered as an external company in the Republic of South Africa
Registration number: 2009/000032/10
Share code on the ASX/JSE: GDO
ISIN: AU000000GDO5
OTCQX International: GLDZY
("Gold One" or the "company")
Gold One Strengthens Management Team
Gold One is pleased to announce several key appointments focused on increasing
management and operational capacity across the company`s asset base and
project pipeline.
Dick Plaistowe has been appointed as Senior Vice President: Surface Operations
and will also be joining the Executive Committee of Gold One. Dick has close
to 40 years` experience in the mining industry, having most recently been a
director and chairman of mining consultancy Digby Wells Environmental. Dick
has previously held executive and board appointments for various South African
listed mining companies, including Rand Mines Limited, RMP Properties Limited,
Randgold and Exploration Limited, Crown Consolidated Gold Recoveries Limited,
Durban Roodepoort Deep Limited and Mine Waste Solutions (Pty) Limited. Dick`s
primary focus will be on the recently acquired surface operations at Rand
Uranium.
Operational capacity has increased with the appointments of Collie Russouw and
Wouter de Vos, who are both mining engineers by profession with substantial
experience in the management of gold mining operations.
Collie, whose mining career spans some 32 years, has joined Gold One as Vice
President: Mining in the projects team. Collie has previously held various
senior positions at DRDGold Limited, including that of Executive Officer:
Underground Operations. Collie has also served as mine manager at Harmony Gold
Mining Company Limited`s Virginia operations and held various other positions
at Harmony, GenGold Mining Company Limited and Gold Fields Limited.
Wouter has joined Gold One as Vice President: Mining and will be seconded to
the Cooke Operations at Rand Uranium once regulatory approvals for the
acquisition have been received. Wouter has over 30 years` experience in
precious metals mining and, until recently, was employed by First Uranium
where he played an integral part in the re-commissioning of the Ezulweni
operations as well as in the subsequent ramp up of production and
commissioning of the gold and uranium plants. In addition to working in narrow
reef orebodies, Wouter also obtained experience in mechanised mining while
working for JCI and Messina Platinum mines.
Gold One announced its planned acquisition of Rand Uranium for a purchase
price of US$ 250 million and the signing of a Sale of Shares Agreement to
effect such on 24 May, 2011. It is expected that the transaction will be
completed by the end of 2011. Following the necessary regulatory approvals
being received Syd Caddy, an existing executive of Gold One and Senior Vice
President: Operations will be responsible for leading the planned turnaround
of the Cooke underground operations at Rand Uranium.
In anticipation of the future development of the Cooke Operations Ollie
Iberson will fulfil the role of Underground Manager for Cooke 2, with Danie de
Klerk as Underground Manager for Cooke 3, and Dave Whittaker as Mineral
Resource Manager. In addition Barry Smit, Vice President: Mining; Ian
Hanrahan, Engineering Manager; and Ronnie Lousteau, Human Resources Manager,
will be permanently seconded to the Cooke Operations from Modder East.
Gold One President and CEO Neal Froneman comments: "We are serious about
making sure that Gold One has sufficient capacity to deliver on its strategy
of value accretive growth and the planned senior appointments above are
testament to our commitments. I am pleased to welcome our new employees to
Gold One and am confident that our new appointments, together with the pre-
existing strong and competent Rand Uranium team, will result in success."
ENDS
Issued by Gold One International Limited
www.gold1.co.za
Parktown, Johannesburg
05 September 2011
JSE Sponsor
Macquarie First South Capital (Pty) Limited
Neal Froneman
President and CEO
+27 11 726 1047 (office)
+27 83 628 0226 (mobile)
neal.froneman@gold1.co.za
Ilja Graulich
Investor Relations
+27 11 726 1047 (office)
+27 83 604 0820 (mobile)
ilja.graulich@gold1.co.za
Carol Smith
Investor Relations
+27 11 726 1047 (office)
+27 82 338 2228 (mobile)
carol.smith@gold1.co.za
Derek Besier
Farrington National Sydney
+61 2 9332 4448 (office)
+61 421 768 224 (mobile)
derek.besier@farrington.com.au
About Gold One
Gold One is a gold producer listed on the financial markets operated by the
ASX Limited and the JSE Limited, issuer code GDO. Its flagship operation is
the newly built shallow Modder East mine on the East Rand, some 30 kilometres
from Johannesburg.
Modder East is the first new mine to be built in the region in 28 years and
distinguishes itself from most of the other gold mines in South Africa owing
to its shallow nature (300 metres to 500 metres below surface). To date Modder
East has provided direct employment opportunities for over 1,500 people. Gold
One also owns the nearby existing Sub Nigel mine, which is used primarily as a
training centre in the build-up of Modder East to full production. Gold One`s
other projects and targets include Ventersburg in the Free State Goldfields,
the Tulo concession in Mozambique and the Etendeka greenfield project in
Namibia. Gold One has an issued share capital of 808,992,972 shares.
This news release does not constitute investment advice. Neither this news
release nor the information contained in it constitutes an offer, invitation,
solicitation or recommendation in relation to the purchase or sale of
securities in any jurisdiction.
Date: 05/09/2011 07:07:12 Produced by the JSE SENS Department.
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