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")
AFGEM announces new directors
NON-EXECUTIVE DEPUTY CHAIRMAN APPOINTED
AFGEM`s directors are pleased to announce the appointment of Keith Rayner to
the board as Non-Executive Deputy Chairman. Keith is a chartered accountant
who, having begun his career in corporate finance in 1987, has a wealth of
experience in corporate finance in general and mining corporate finance in
particular. Keith joined HSBC`s South African corporate finance team in 1993
where he remained until 2002. Keith`s past clients have included many
significant listed and unlisted companies and entities, and his advisory
work has covered most types of corporate finance transactions. Keith is a
member of the JSE Listings Advisory Committee and has been actively involved
in assisting the JSE Listings Division since 1995.
Keith was an integral part of AFGEM`s listing in 2000 and has been closely
involved with the company ever since. Keith will be primarily responsible
for the company`s corporate governance, ensuring that AFGEM embodies the
sentiments expressed in the King II Report. He will also be involved in
advising on financial matters, risk assessment and management, and
compliance with regulatory bodies.
EXECUTIVE DIRECTOR APPOINTED
The company also welcomes Joanne Herbstein to the board as Corporate Affairs
Director. Joanne graduated with an Honours degree (Cum Laude) at Wits
University, where she achieved the Dean`s Merit Award for Top Student in a
Professional Degree. She completed a post-graduate diploma in Business
Administration at Wits Business School, where she was awarded the Executive
Women`s Club Scholarship.
Joanne joined AFGEM in February 2000 to manage investor relations. She is
currently responsible for investor relations, corporate communications and
all corporate affairs. In addition, Joanne manages human resources for
AFGEM.
MERELANI MINING LIMITED DIRECTORATE
In addition to his role as Operations Director of the company, Ian
Harebottle has been appointed Managing Director of AFGEM`s Tanzanian
subsidiary, Merelani Mining Limited ("MML"). The board of MML also welcomes
Joe Kimble, MML`s General Manager, as an executive director.
Johannesburg
3 July 2002
Date: 03/07/2002 04:12:46 PM Produced by the SENS Department
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