African Gem Resources Limited
(Incorporated in the Republic of South Africa)
Registration number 1998/0072/92/06
ISIN: ZAE000025540
Share code: AFG
("Afgem" or "the company")
New Chief Operations Officer for Afgem
AFGEM's directors are pleased to announce the appointment of Ian Harebottle
to the board as Chief Operations Officer. Ian joined AFGEM in September
2001, after consulting to the company for three months prior to that. He has
four years' experience in strategic and operations consulting and will be
responsible for operations management both in South Africa and at the
group's mining operation in Tanzania.
In accordance with his contract, Mervyn Shein will change his status from
Financial Director of Afgem to non-executive director. Mervyn will chair the
audit committee and will be involved in establishing a risk management
committee in accordance with the recommendations of King Report II on
Corporate Governance for South Africa.
Johannesburg
1 February 2002
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