Kropz PLC Appointment of Elandsfontein MD (9524P)
February 14 2019 - 2:01AM
UK Regulatory
TIDMKRPZ
RNS Number : 9524P
Kropz PLC
14 February 2019
14 February 2019
Kropz Plc
("Kropz" or the "Company")
Appointment of Jan Steenkamp as Managing Director of
Elandsfontein
Kropz Plc (AIM: KRPZ), an emerging African producer of plant
nutrient feed minerals, is pleased to announce the appointment of
Mr Jan Steenkamp as Managing Director of the Company's 74% owned
Elandsfontein phosphate development project in South Africa's
Western Cape Province.
Mr Steenkamp is a well-known South African mining industry
veteran and has successfully managed mining operations across a
number of commodities. He is currently a non-executive director on
the board of African Rainbow Minerals ("ARM"), a leading South
African diversified mining and minerals company with long-life, low
unit cost operations.
He was first appointed as Managing Director of ARM group company
Avgold Limited in 2002 and also served on the board of Assmang
Limited. In May 2003, Mr Steenkamp was appointed to the Avmin board
and later appointed Chief Executive Officer. Following his tenure
as an executive of ARM in June 2017, he served as the Chief
Executive of ARM Ferrous and the Chief Executive of ARM Exploration
and Strategic Services.
Elandsfontein is Kropz's most developed asset which will exploit
the country's largest sedimentary phosphate deposit. Approximately
US$120M has been invested in exploration, bulk sampling,
feasibility studies and subsequent construction of a mine, mineral
processing facility and associated infrastructure. Off-take
agreements for its production of more than 1Mtpa at >31%
phosphate (P(2) O(5) ) rock concentrate have already been
secured.
Following the successful AIM Admission of Kropz plc in November
2018, Jan has been tasked with developing the operational team and
driving the Elandsfontein project through to commercial production.
Results of the metallurgical test work currently being carried out
at Elandsfontein are on track to be released during the first half
of 2019.
Ian Harebottle, Chief Executive of Kropz plc commented:
"I am pleased to welcome such a high calibre individual onto the
Kropz leadership team. It is no coincidence that Jan has been a
long-time asset to the success of the African Rainbow Minerals
story, associated with our largest shareholder, Africa Rainbow
Capital. Once again, it shows the immense support Kropz continues
to receive from ARC, not only as a provider of investment for the
project and the company, but also as a source of further technical
expertise and assistance required to bring our exciting projects on
stream."
Jan Steenkamp, Managing Director of Kropz Elandsfontein
commented:
"I am very excited to be a part of the Elandsfontein
opportunity. This project has been built to a high standard, has
received significant capital investment to date, and is now nearing
the final stages of completion. I am pleased to be managing the
team that is set to form the foundation for a company with the
grand ambition to become an African fertilizer champion."
For further information visit www.kropz.com or contact:
Kropz Plc
+44 (0) 1892 516
Ian Harebottle (CEO) 232
Nominated Adviser
Grant Thornton UK LLP
Richard Tonthat
Samantha Harrison +44 (0) 20 7383
Ben Roberts 5100
Joint Broker
Hannam & Partners
Andrew Chubb +44 (0)20 7907
Ernest Bell 8500
Joint Broker
Mirabaud Securities
Ltd
Rory Scott +44 (0)20 3167
Edward Haig-Thomas 7221
Financial Public Relations & Investor
Relations (UK)
Tavistock
Emily Fenton +44 (0) 207 920
Gareth Tredway 3150
Jos Simson kropz@tavistock.co.uk
Public Relations (South Africa)
Russell & Associates
Charmane Russell +27 (0)11 880
James Duncan 3924
charmane@rair.co.za
About Kropz Plc
Kropz is an emerging plant nutrient producer with an advanced
stage phosphate mining project in South Africa, a phosphate project
in the Republic of Congo and an exploration asset in Ghana. The
vision of the Group is to become a leading independent phosphate
rock producer and to develop into an integrated, mine-to-market
plant nutrient company focusing on sub-Saharan Africa.
Kropz's Elandsfontein Phosphate Project is a near-term producing
asset in South Africa's Western Cape Province, close to export
infrastructure and primed to take advantage of a recovery in
phosphate prices.
The Company's medium-term development asset is the Hinda
Phosphate Project in the RoC.
The Company has also secured a prospecting right in Ghana, to
undertake further exploration work on the Aflao Project, the
potential extension of the well-known, high grade and historically
exploited Hahotoe-Kpogame-Kpeme deposit in Togo.
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END
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