Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  TSX VENTURE EXCHANGE  >  Anooraq Resources Corporation    ARQ   CA03633E1088

SummaryNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Anooraq Resources Corporation : Anooraq, Anglo American Platinum appoint new Managing Director at Bokoni

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/01/2012 | 04:06pm CET
Anooraq, Anglo American Platinum appoint new Managing Director at Bokoni 1 February 2012

Anooraq Resources Corporation ("Anooraq" or the "Company") (TSXV: ARQ; NYSE Amex: ANO; JSE: ARQ) and Anglo American Platinum ("Amplats") today confirm the appointment of Mr. Dawid Stander as Managing Director of Bokoni Platinum Mines with effect from 1 February 2012.

Mr. Stander has 32 years of experience in the South African mining sector, having held senior positions at both mine and executive level at BHP Billiton (Samancor), Anglo American Platinum (Lebowa Platinum Mines) and Impala Platinum. He holds a Mine Manager's Certificate of Competency and is a Registered Professional Engineer.

Mr. Stander led the Bokoni Platinum Mines (formerly Lebowa Platinum Mines), in his capacity as General Manager, between 2001 and 2005. During this period Bokoni Platinum Mines expanded its annual production base by 100% from 100,000 PGM ounces to 200,000 PGM ounces.

Anooraq's Chief Executive Officer, Harold Motaung, and Vishnu Pillay, the Executive Head of Anglo American Platinum's Joint Venture Operations, commented:-

"We are pleased to have secured the appointment of Dawid to lead the Bokoni Mines into its new and exciting growth phase. Dawid has a strong track record and extensive industry experience. Under his previous leadership at Bokoni Mines, the operations enjoyed significant growth, together with improvements in safety, operational and financial performance. The joint venture partners support his appointment as Managing Director and look forward to a successful future at Bokoni Mines under his leadership."

On behalf of Anooraq

Joel Kesler
Executive: Corporate Development
Office: +27 11 779 6800
Mobile: +27 82 454 5556

Russell and Associates

Nicola Taylor
Office: +27 11 880 3924
Mobile: +27 82 927 8957

Macquarie First South Capital

Annerie Britz/Yvette Labuschagne/Melanie de Nysschen
Office: +27 11 583 2000

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The NYSE Amex has neither approved nor disapproved the contents of this press release.

Cautionary and forward-looking information

This document contains "forward-looking statements" that were based on Anooraq's expectations, estimates and projections as of the dates as of which those statements were made, including statements relating to the Bokoni Group transaction and anticipated financial or operational performance. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "may", "will", "outlook", "anticipate", "project", "target", "believe", "estimate", "expect", "intend", "should" and similar expressions.

Anooraq believes that such forward-looking statements are based on material factors and reasonable assumptions, including the following assumptions: that the Bokini Group transaction will receive the necessary regulatory approvals and complete in a timely manner.

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. These include but are not limited to uncertainties related to the completion of the Bokoni Group restructure and refinancing in a timely manner, if at all; and risk that the necessary regulatory and other approvals for the Bokini Group transaction will not be received in a timing manner.

For further information on Anooraq, investors should review the Company's annual Form 40-F filing with the United States Securities and Exchange Commission www.sec.gov and annual information form for the year ended December 31, 2010 and other disclosure documents that are available on SEDAR at www.sedar.com.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ANOORAQ RESOURCES CORPORAT
11/22 ATLATSA RESOURCES : Bokoni Platinum Mine concludes two-year wage agreement with ..
11/18 ATLATSA RESOURCES : Bokoni Platinum Mine concludes two-year wage agreement with ..
11/14 ATLATSA RESOURCES : reports 3Q loss
11/14 ATLATSA RESOURCES : announces financial results for the three and nine months en..
10/10 5 TOP TSX STOCKS : Exchange Drops on Jobs Figures
08/16 ATLATSA RESOURCES : reports 2Q loss
08/15 ATLATSA RESOURCES : announces financial results for the three and six months end..
07/11 ATLATSA RESOURCES : announces intention to terminate SEC reporting obligations
07/08 ATLATSA RESOURCES : announces intention to terminate SEC reporting obligations
07/06 Goldfields - Top performing resource shares in June
More news
Sector news : Gold Mining
12/07 BARRICK GOLD : Chile rejects attempt to block modified Barrick Gold mine project
11/29 Saudi king showcases mining hub in push to move beyond oil
11/18DJRANDGOLD RESOURCES : Newcrest Enter JV to Explore for Gold in Ivory Coast
11/11 FTSE falls as EM-exposed stocks weigh
11/09 FTSE recovers from Trump shock to hit one-week high
More sector news : Gold Mining
Advertisement
Financials ( CAD)
More Financials
Income Statement Evolution
More Financials
Consensus 
Mean consensus UNDERPERFORM
Number of Analysts 1
Average target price 0,03  CAD
Spread / Average Target -50%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
A. Harold C. Motaung Chief Executive Officer & Director
Tumelo M. Motsisi Executive Chairman
Boipelo Lekubo Chief Financial Officer
Joel Martin Kesler Executive Director & Chief Commercial Officer
Fikile Felicity Tebogo de Buck Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ANOORAQ RESOURCES CORP..25
BARRICK GOLD CORP.91.88%18 041
NEWMONT MINING CORP83.55%17 525
SAUDI ARABIAN MINING C..--.--%12 462
NEWCREST MINING LIMITE..46.18%10 681
SHANDONG GOLD MINING C..84.86%9 968
More Results