Zanaga Iron Ore Company Ltd Changes to Board of Directors (6918W)
August 03 2018 - 2:01AM
UK Regulatory
TIDMZIOC
RNS Number : 6918W
Zanaga Iron Ore Company Ltd
03 August 2018
3 August 2018
CHANGES TO BOARD OF DIRECTORS
Zanaga Iron Ore Company ("ZIOC" or the "Company") (AIM:ZIOC) is
pleased to announce the following proposed changes to the Board of
Directors of the Company:
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."
______________________________________________
The Zanaga Iron Ore Company Limited LEI number is
21380085XNXEX6NL6L23.
For further information, please contact:
Zanaga Iron Ore
Corporate Development and Andrew Trahar
Investor Relations Manager +44 20 7399 1105
Liberum Capital Limited
Nominated Adviser, Financial Neil Elliot
Adviser and Corporate Broker and Richard Crawley
+44 20 3100 2000
About us:
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.
Note:
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation ("MAR"). Upon the publication of this
announcement via Regulatory Information Service ("RIS"), this
inside information is now considered to be in the public domain. If
you have any queries on this, then please contact Andrew Trahar,
Investment Relations Manager of the Company (responsible for
arranging release of this announcement) on +44 20 7399 1105.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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