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AMS
ANANP
AMS - Anglo Platinum Limited - Appointment of chief executive officer for Royal
Bafokeng`s BRPM Joint Venture Holding Company ("NEWCO")
Anglo Platinum Limited
Incorporated in the Republic of South Africa
Registration No. : 1946/022452/06
JSE Ordinary Shares : AMS
ISIN : ZAE000013181
("Anglo Platinum" or "the company")
APPOINTMENT OF CHIEF EXECUTIVE OFFICER FOR ROYAL BAFOKENG`s BRPM JOINT VENTURE
HOLDING COMPANY ("NEWCO")
The shareholders of NewCo, Royal Bafokeng Holdings (Pty) Ltd ("RBH") and
Rustenburg Platinum Mines Limited, a wholly-owned subsidiary of Anglo Platinum
Limited ("APL") are pleased to announce that Steve Phiri, currently CEO of
Merafe Resources Limited ("Merafe"), will be joining NewCo as Chief Executive
Officer with effect from 1 April 2010.
Steve was appointed CEO of Merafe Resources in 2003. Before joining Merafe
Resources he headed up Corporate and Legal Affairs for the Royal Bafokeng Nation
(RBN) and led the negotiating team that successfully resolved the dispute
between the RBN and Impala Platinum Limited. He also negotiated the RBN
investment in Merafe Resources and the Nation`s joint venture with APL. He is a
member of the Minerals and Mining Development Board and the South African
Diamond and Precious Metals Regulator (SADPMR).
He has led and managed Merafe through major projects such as the construction of
the Boshoek operations and the eventual formation of the Merafe/Xstrata Pooling
and Sharing Venture. Steve brings with him an extensive knowledge of project
development, JV experience as well as his extensive stakeholder networks which
will benefit NewCo as it embarks on a significant milestone towards listing and
the development of the R8,1bn (mid 2009 money terms) Styldrift Project.
"We are fortunate to have secured Steve`s services to assume leadership of this
core strategic asset to lead it through the exciting journey ahead. Steve is a
dynamic leader with solid experience and a proven track record in the resources
sector" says Niall Carroll (CEO of RBH)
"This finalisation of a high quality top management team for NewCo represents
the completion of another key step towards facilitating the creation of an
independently controlled and managed, black-empowered platinum group metals
producer and we remain excited about our ability to participate in the future
value creation we see coming from NewCo" says Neville Nicolau (CEO of APL)
Johannesburg
11 March 2010
Sponsor
Merrill Lynch South Africa (Pty) Limited
Date: 11/03/2010 11:38:01 Produced by the JSE SENS Department.
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