– BVI, Road Town – Zanaga Iron Ore Company (AIM:ZIOC) today announced that Mr Jonathan Andrew Velloza (“Johnny Velloza”) has agreed to join the board of ZIOC as an Independent Non-Executive Director following the Company’s Annual General Meeting on 5 September 2018.
Mr Velloza has a wealth of experience in the mining industry and is currently completing his tenure as Deputy CEO and COO of Gem Diamonds Ltd. Prior to this he was with BHP Western Australia Iron Ore where he was General Manager at Mining Area C, the largest iron ore mine in the BHP portfolio, from 2013 to 2015, leading a number of successful operational efficiency programs. He has also acted as a Senior Exploration Manager in Zambia and Chile for BHP from 2011-2013, Operations Manager at AngloGold Ashanti from 2009-2010 and held numerous managerial positions at De Beers from 2001-2009.
Mr Velloza, aged 47, holds a Bachelor’s degree in Mining Engineering from The University of Johannesburg and a Bachelor’s degree in Business from The University of South Africa.
Mr Velloza will be formally appointed to the Board following satisfactory completion of the customary due diligence for an AIM listed company board appointments. A further announcement confirming his appointment will be made after the ZIOC Annual General Meeting on 5 September 2018 and will include the disclosures required under Schedule 2(g) of the AIM Rules for Companies.
In addition, Mr Michael Haworth has informed the Company that he wishes to step down as a Director to focus on other business commitments and accordingly will retire by rotation at this Annual General Meeting and will not stand for re-election.
Clifford Elphick, Non-Executive Chairman of ZIOC, commented: “We are pleased to announce that Johnny Velloza has agreed to join the Board of ZIOC. Johnny has a wealth of operational experience in the mining industry, particularly in iron ore following his tenure as General Mine Manager at the largest iron ore mine in the BHP portfolio. His operational experience will be invaluable at ZIOC as the Zanaga Project advances its technical study work.
The Board would like to thank Mike Haworth for many years of service to ZIOC and his instrumental input which been fundamental to the many achievements made at the Zanaga Project.”
About ZIOC
Zanaga Iron Ore Company Limited (AIM ticker: ZIOC) is the owner of 50% less one share in the Zanaga Iron Ore Project based in the Republic of Congo (Congo Brazzaville) through its investment in associate. The Zanaga Iron Ore Project is one of the largest iron ore deposits in Africa and has the potential to become a world-class iron ore producer.
For more information : http://www.zanagairon.com
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