Kumba Resources Limited - New Board Member for Kum
(Incorporated in the Republic of South Africa)
Share code: KMB
ISIN Code : ZAE 4034310
(Registration number 2000/011076/06)
("Kumba")
NEW BOARD MEMBER FOR KUMBA RESOURCES
Metals and Minerals Company, Kumba Resources Ltd ("Kumba"), today
announced the appointment of Cedric Savage as non-executive member of
the Board with effect from 1 June 2002.
Mr Savage is Chairman of the Tongaat-Hullett Group and for many years
was instrumental in the successful implementation of Tongaat`s strategy.
He is a member of the Executive Committee of the Industries Division of
Anglo American plc and a board member of several other South Africa
companies such as AECI, Datatec and Delta Motor Corporation.
Cedric brings with him particularly strong experience in the commodity
business, following his involvement in the development of Tongaat`s
aluminium operations. His knowledge of the Kwa-Zulu/Natal operating
environment should be of great value to the Kumba/Ticor SA heavy
minerals project at Empangeni.
He has been actively involved in organised business in South Africa,
including trusteeship of Business South Africa, council member of the
South African Foundation and past president of the South African Chamber
of Commerce. In the past he also served as a member of the council of
the University of Natal and was Chairman of the Board of Governors of
the University`s Development Foundation.
Kumba`s Chief Executive, Con Fauconnier welcomed the appointment.
"Cedric`s wealth of knowledge and experience will be invaluable to the
group as it enters its next growth phase, following the successful
unbundling from Iscor and listing in November last year. We are pleased
to have a person the calibre of Cedric join the Kumba board."
ends
Note
Kumba Resources Ltd, one of the largest South African-based mining
companies listed on the JSE Securities Exchange, is a focused metals and
mining company with a diverse commodity portfolio consisting of iron
ore, heavy minerals, coal, base metals and industrial minerals.
Contact:
Pat Mdoda
General Manager Corporate Affairs
Tel: +27 12 307 4553
Cell: +27 83 609 1204
ends
Date: 30/05/2002 12:26:00 PM Produced by the SENS Department
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