– SOUTH AFRICA / AUSTRALIA – Coal of Africa (“CoAL”) is pleased to announce the appointment of Mr. Andrew Mifflin and Mr. Thabo Mosololi as new directors to the CoAL Board effective 12 December 2014. In addition Mr David Murray has resigned as a Director of the Company after serving as a member of the Board for four years.
Andrew David Mifflin (57) obtained his BSc. (Hons) Mining Engineering from Staffordshire University and has a Master’s Degree in Business Administration. Andrew has over 30 years’ experience specifically in the coal mining arena. His experience spans across various organisations such as British Coal Corporation, Xstrata and more recently GVK resources. He has gained in depth knowledge in coal operation, both thermal and hard coking coal as well as in project development.
Thabo Felix Mosololi (45) is a Chartered Accountant qualified in South Africa and brings considerable expertise as a director of various companies as well as from his time as Finance Director and Operations Director with Tsogo Sun. Thabo has 20 years of experience within the South African corporate environment and holds 10,000 CoAL shares in his personal capacity, representing 0.00077 per cent of the issued share capital of the Company.
Bernard Pryor, Chairman, commented:“I am delighted to welcome both Andrew and Thabo to our Board. They are two very experienced individuals both in coal operations and projects and the corporarte world in a South African context respectively. These experiences will be very important to CoAL as we move forward to our next phase of project development and improving shareholder value. We remain focused on ensuring that the Board provides timely advice and support and that we retain the correct suite of skills at each stage of the Company’s evolution.
I also wish to warmly thank David Murray for his unstinting support to the Company and his insight and advice on the issues facing the Company in the past few years have been hugely valuable. We will miss his support and we wish him well.”
CoAL is an AIM/ASX/JSE listed coal exploration, development and mining company operating in South Africa. CoAL’s key projects include the Vele Colliery (coking and thermal coal), the Greater Soutpansberg Project /MbeuYashu, including CoAL’s Makhado Project (coking and thermal coal).
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