| Thu 26 Apr 2012, 7:05 | | GDO - Gold One International Limited - New Executive Appointments at Gold One |
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GDO
GDO
GDO - Gold One International Limited - New Executive Appointments at Gold One
Gold One International Limited
Registered in Western Australia under the Corporations Act, 2001 (Cth) with
registration number ACN: 094 265 746
(Registered in South Africa as an external company with registration number
2009/000032/10)
ISIN: AU000000GDO5
Share Code on the ASX/JSE: GDO
OTCQX International: GLDZY
("Gold One" or the "company")
New Executive Appointments at Gold One
Gold One is pleased to announce the senior appointments of Wayne Robinson as
Executive Vice President: South African Operations, and Michael Li as Senior
Vice President: Asia.
In order to maintain pace with current and future growth objectives, Gold One
has strengthened its executive team to support both the existing operations
as well as its strategic growth plans. The company is committed to ensuring
that it has sufficient capacity to deliver and these senior appointments are
testament to this.
Wayne, as Executive Vice President of the Gold One Group`s South African
Operations, will provide mining expertise, leadership and guidance to the
group`s operations. Wayne has 25 years` experience in mining and most
recently operated as managing director for Eastern Platinum, where he was
fully responsible for all of the company`s South African projects and
operations. Wayne has worked for mining companies Richards Bay Minerals, Gold
Fields, Driefontein Consolidated, GenGold and Impala Platinum where his
experience and qualifications spanned across several senior management roles.
Wayne is especially knowledgeable in the fields of multi-operation
consolidation, employee development and turnaround strategy implementation.
Michael, as Senior Vice President: Asia will establish a presence within the
Asian region and will also be an integral part of the company`s listing on
the Hong Kong Stock Exchange, which is envisaged to take place within the
next nine to eighteen months. Gold One has already begun establishing an
office in Hong Kong. Michael was previously the managing director of the
Rothschilds Group`s Hong Kong office and is a seasoned professional with more
than 20 years` experience in accounting as well as in commercial and
investment banking. Michael has led numerous fund raising exercises in Hong
Kong and the United States including initial public offerings, reverse
takeovers and private placement, as well as domestic and cross-border merger
and acquisition transactions for Chinese companies. Michael is a certified
public accountant in the State of California and is well versed in both the
Asian and international markets.
Gold One President and CEO Neal Froneman comments: "Wayne and Michael`s
appointments are indicative of the fast-tracked growth trajectory that the
Gold One Group is following. As the company expands both its operational base
and its corporate growth, the advanced skillset and experience of our team
remains the key to our success. I look forward to the value that Wayne and
Michael will add, and welcome them to Gold One."
ENDS
26 April 2012
Sponsor
Macquarie First South Capital (Pty) Limited
Issued by Gold One International Limited
www.gold1.co.za
Neal Froneman
President and CEO
+27 11 726 1047 (office)
+27 83 628 0226 (mobile)
neal.froneman@gold1.co.za
Grant Stuart
VP Investor Relations
+27 11 726 1047 (office)
+27 82 602 5992 (mobile)
grant.stuart@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 International Limited is a dual listed (ASX/JSE: GDO) mid-tier
mining group with gold operations and gold and uranium prospects across
Southern Africa. Gold One remains focused on developing and mining low
technical risk, high margin precious metal resources in diversified
jurisdictions. The company`s flagship Modder East gold mine, commissioned in
2009, ddistinguishes itself from most other gold mines in South Africa owing
to its shallow nature (300 to 500 metres below surface) and continues to ramp
up production, having produced 123,179 ounces in 2011.
At the beginning of 2012, the group expanded further with the acquisition of
the Cooke 1,2 and 3 Underground Operations and the Cooke surface assets
(Randfontein Surface Operations) located in the West Rand, 30 kilometers from
Johannesburg. The Cooke underground operations continue to deliver in line
with expectations and are currently the subject of a turnaround intervention.
Through Gold One`s purchase of Rand Uranium (Pty) Limited, the group has also
acquired one of the world`s most advanced uranium projects, which envisages
recovering uranium, gold and sulphur from the Cooke Tailings Dam and
underground ores.
The Gold One group is majority-owned by a consortium comprising Baiyin Non-
Ferrous Group Co. Limited, the China-Africa Development Fund, and Long March
Capital Limited, and has an issued share capital of 1,416,315,761 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.
Forward-Looking Statement
This release includes certain forward-looking statements and forard-looking
information. All statements other than statements of historical fact included
in this release including, without limitation, statements regarding future
plans and objectives of Gold One International Limited are forward-looking
statements (or forward-looking information) that involve various risks,
assumptions and uncertainties. There can be no assurance that such statements
will prove to be accurate and actual values, results and future events could
differ materially from those anticipated in such statements. Important
factors could cause actual results to differ materially from Gold One`s
expectations. Such factors include, among others: the actual results of
exploration activities; actual results of reclamation activities; the
estimation or realisation of mineral reserves and resources; the timing and
amount of estimated future production; costs of production; capital
expenditures; costs and timing of the development of Modder East and new
deposits; availability of capital required to place Gold One`s properties
into production; the ability to obtain or maintain a listing in South Africa,
Australia, Europe or North America; conclusions of economic evaluations;
changes in project parameters as plans continue to be refined; future prices
of gold and other commodities; possible variations in ore grade or recovery
rates; failure of plant, equipment or processes to operate as anticipated;
accidents; labour disputes and other risks of the mining industry; delays in
obtaining governmental approvals, permits or financing or in the completion
of development or construction activities, economic and financial market
conditions; political risks; Gold One`s hedging practices; currency
fluctuations; title disputes or claims limitations on insurance coverage.
Although Gold One has attempted to identify important factors that could
cause actual results to differ materially, there may be other factors that
cause results not to be as anticipated, estimated or intended.
Any forward-looking statements in this release speak only at the time of
issue. There can be no assurance that such statements will prove to be
accurate as actual values, results and future events could differ materially
from those anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. Gold One does not
undertake to update any forward-looking statements that are included herein,
or revise any changes in events, conditions or circumstances on which any
such statement is based, except in accordance with applicable securities laws
and stock exchange listing requirements.
Date: 26/04/2012 07:05:01 Produced by the JSE SENS Department.
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