Palabora -
PALABORA MINING COMPANY LIMITED
(Incorporated in the Republic of South Africa)
Registration number - 1956/002134/06
Share code: PAM ARC ISIN: ZAE000005245
("Palabora" or "the Company")
BOARD APPOINTMENTS
CHAIRMAN OF THE COMPANY
The Company"s Chairman, Wells Ntuli, retired during December 2002.
Deputy Chairman, Josh Sachikonye, was elected Acting Chairman in his place until
a new chairman could be elected.
The Company is now pleased to announce the election of Rufus Maruma as the new
Chairman of the Company, with effect from 29 July 2003.
Makgabo R. (Rufus) Maruma (43) has been an independent non-executive director of
the Company since April 1999 and is now the first independent non-executive
chairman of the Company. He is a leading environmental and waste management
expert. Mr Maruma is the chairman and a director of a number of companies,
including Enviroserv Holdings, Stewart Scott International, Bohlweki
Environmental, Amafaun Faun, Pan African Shop Fitters, Group Five Limited, Geo
Scott and Bakwena Concession Company. He was chairman of the task team that drew
up a national environmental policy for South Africa (CONNEP) and also serves on
a number of committees, including the Conservation Advisory Committee of South
Africa. He holds an MSc degree in Environmental Science from the University of
Aberdeen.
DEPUTY CHAIRMAN OF THE COMPANY
Acting Chairman Josephat (Josh) H.K. Sachikonye, who was previously Deputy
Chairman under Wells Ntuli, has been re-elected Deputy Chairman of the Company
with effect from 29 July 2003. The company would like to express appreciation
for Mr Sachikonye"s chairmanship during the interim period.
For further information please contact the Managing Director, David Sadler, on
(015) 780 2802.
Phalaborwa
1 August 2003
Sponsor: Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 01/08/2003 04:37:11 PM Supplied by www.sharenet.co.za
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