African Gem Resources Limited - Changes to board o
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")
Changes to board of directors
Subsequent to the sale of the Industrial Development Corporation of South Africa
Ltd`s ("IDC") 22.7% stake in AFGEM in November 2002, Mr Andre Bekker and Ms
Joanne Coetzee, the IDC`s nominees appointed to AFGEM`s board of directors, have
tendered their resignations as non-executive directors. The board of AFGEM
thanks them for their contributions to the company.
AFGEM is currently considering a number of potential non-executive directors for
appointment who will add strategic value to the board.
Inspection of tanzanite mines starts tomorrow
The Tanzanian government began its security and safety inspection of all
tanzanite mines in Merelani last week. The inspections will also check the
implementation of the government directives, which require all mines to have
registration and identification cards for all employees.
"The Tanzanian Ministry of Energy and Minerals has taken a stern approach to
dealing with illegal mining, unsafe mining methods and smuggling," says Joanne
Smollan, AFGEM`s spokesperson. "The inspection represents real commitment to
protect the tanzanite industry and the people that work in it."
Johannesburg
27 January 2003
Date: 27/01/2003 02:21:16 PM Produced by the JSE SENS Department
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