| Wed 1 Feb 2012, 16:00 | | ARQ - Anooraq Resources Corporation - Anooraq Anglo American Platinum |
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ARQ
ARQ
ARQ - Anooraq Resources Corporation - Anooraq, Anglo American Platinum
appoint new Managing Director at Bokoni
Anooraq Resources Corporation
(Incorporated in British Columbia, Canada)
(Registration number 10022-2033)
TSXV/JSE share code: ARQ
NYSE AMEX share code: ANO
ISIN: CA03633E1088
("Anooraq" or the "Company")
Anooraq, Anglo American Platinum appoint new Managing Director at Bokoni
Anooraq and Anglo American Platinum ("Amplats") today confirm the
appointment of Mr. Dawid Stander as Managing Director of Bokoni Platinum
Mines with effect from 1 February 2012.
Mr. Stander has 32 years of experience in the South African mining sector,
having held senior positions at both mine and executive level at BHP
Billiton (Samancor), Anglo American Platinum (Lebowa Platinum Mines) and
Impala Platinum. He holds a Mine Manager`s Certificate of Competency and is
a Registered Professional Engineer.
Mr. Stander led the Bokoni Platinum Mines (formerly Lebowa Platinum Mines),
in his capacity as General Manager, between 2001 and 2005. During this
period Bokoni Platinum Mines expanded its annual production base by 100%
from 100,000 PGM ounces to 200,000 PGM ounces.
Anooraq`s Chief Executive Officer, Harold Motaung, and Vishnu Pillay, the
Executive Head of Anglo American Platinum`s Joint Venture Operations,
commented:-
"We are pleased to have secured the appointment of Dawid to lead the Bokoni
Mines into its new and exciting growth phase. Dawid has a strong track
record and extensive industry experience. Under his previous leadership at
Bokoni Mines, the operations enjoyed significant growth, together with
improvements in safety, operational and financial performance. The joint
venture partners support his appointment as Managing Director and look
forward to a successful future at Bokoni Mines under his leadership."
Johannesburg
1 February 2012
JSE Sponsor
Macquarie First South Capital (Pty) Limited
Issued on behalf of Anooraq
On behalf of Anooraq
Joel Kesler
Executive: Corporate Development
Office: +27 11 779 6800
Mobile: +27 82 454 5556
Russell and Associates
Nicola Taylor
Office: +27 11 880 3924
Mobile: +27 82 927 8957
Macquarie First South Capital
Melanie de Nysschen / Annerie Britz / Yvette
Labuschagne
Office: +27 11 583 2000
Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. The NYSE Amex
has neither approved nor disapproved the contents of this press release.
Cautionary and forward-looking information
This document contains "forward-looking statements" that were based on
Anooraq`s expectations, estimates and projections as of the dates as of
which those statements were made, including statements relating to the
Bokoni Group transaction and anticipated financial or operational
performance. Generally, these forward-looking statements can be identified
by the use of forward-looking terminology such as "may", "will", "outlook",
"anticipate", "project", "target", "believe", "estimate", "expect",
"intend", "should" and similar expressions.
Anooraq believes that such forward-looking statements are based on material
factors and reasonable assumptions, including the following assumptions:
that the Bokini Group transaction will receive the necessary regulatory
approvals and complete in a timely manner.
Forward-looking statements are subject to known and unknown risks,
uncertainties and other factors that may cause the Company`s actual
results, level of activity, performance or achievements to be materially
different from those expressed or implied by such forward-looking
statements. These include but are not limited to uncertainties related to
the completion of the Bokoni Group restructure and refinancing in a timely
manner, if at all; and risk that the necessary regulatory and other
approvals for the Bokini Group transaction will not be received in a timing
manner.
For further information on Anooraq, investors should review the Company`s
annual Form 40-F filing with the United States Securities and Exchange
Commission www.sec.gov and annual information form for the year ended
December 31, 2010 and other disclosure documents that are available on
SEDAR at www.sedar.com.
Date: 01/02/2012 16:00:01 Produced by the JSE SENS Department.
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