Northam Platinum Limited - News Release
Release Date: 13/12/2002 17:30:12 Code(s): NHM
Northam Platinum Limited - News Release
Johannesburg, 13 December 2002. Northam Platinum Limited announces that Ian
Watson will be retiring as Managing Director with effect from the end of
December 2002.
Ian will be succeeded by Glyn Lewis, who will report to the Board as General
Manager.
Mvelaphanda Resources will assume responsibility for overseeing Northam`s
Corporate Office in Johannesburg.
Ian has served as managing director since 1998 during which time the company
experienced a dramatic turnaround from a marginal producer to a solid and
reliable producer of PGMs.
Ian was the manager of Northam during its development phase, and pioneered the
use of hydropower. Shortly after his appointment as managing director in 1998,
he steered the company during the vicissitudes of the demise of Gold Fields
South Africa, and was instrumental in the successful commissioning of the UG2
plant, which increased the company`s production capacity. Over the past four
years Northam has produced shareholder returns equivalent to 71% compound per
annum.
Glyn Lewis has over 20 years experience in deep level mining. Prior to joining
Northam, Glyn was responsible for the Tarkwa Gold project in Ghana. This
included the rehabilitation of a derelict underground mine, the delineation of a
13 million ounce opencast resource and the design, construction and
commissioning on schedule of a 7.2 million ton per annum opencast heap-leach
project at a capital cost of US$160 million.
Contact person for queries
Mr Bernard van Rooyen - 011 325 5323 or 082 659 1421
Date: 13/12/2002 05:30:00 PM Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
