🕐26.05.10 - 10:46 Uhr
African Minerals Limited: Appointment of Director
26 May 2010
African Minerals Limited
("African Minerals" or "the Company")
Appointment of Director
African Minerals Limited (AIM:AMI), the mineral exploration and
development company with significant iron ore and base metal interests
in Sierra Leone, West Africa, is pleased to announce the appointment of
Mr.
Dermot George John Coughlan as an Independent Non-Executive
Director, effective 25 May 2010.
Mr.
Coughlan will chair the Companys
Audit Committee.
Mr.
Coughlan, aged 74, is Chairman and Chief Executive Officer of
Derland Holdings Inc., a private investment holding company which also
provides mergers and acquisition services and consulting services to the
aerospace industry worldwide.
He also provides commodity transactions
services to major companies in Europe, Asia and South America.
He is
Chairman of Global Equipment Solutions Ltd, a private company that
procures oil-related commodities for clients internationally.
He was born in Oxfordshire, England and served in the Royal Air Force.
He is a Chartered Certified Accountant.
During his time in the UK Mr.
Coughlan held positions with Rio Tinto
Zinc Corporation PLC and also with Alcan Industries and Cavenham Foods.
>From 1970 to 1983 he was President and CEO of Canada-based Indal
Limited, a public company, and during that time built it into a major
corporation manufacturing products for global aerospace, engineering and
construction markets.
In 1984 he founded and was Chairman and CEO of
Derlan Industries Limited, a public company that developed multiple
operations in aerospace and industrial markets in North America and
Europe.
Mr.
Coughlan has held directorships in several publicly listed companies
including CCL industries, Mackenzie Financial, Hayes-Dana Corporation,
Crown Life Insurance Company, and The Dee Corporation PLC.
He has served
as Chair of Audit, Human Resources or Governance Committees for CCL
Industries, Mackenzie Financial, and Hayes-Dana.
He is a member of and has served on the International Board of the Chief
Executives Organisation, a Global organization of 2,000 CEOs who have
demonstrated exceptional leadership in business or government.
He has
served on philanthropic, community, educational and hospital Boards.
Commenting on the appointment, Frank Timis, Executive Chairman of
African Minerals said:
"It is with great pleasure that I welcome Dermot to the board of African
Minerals.
Dermot has extensive international business expertise and
significant experience on the boards of a number of substantial
companies.
He will be a major asset to the Company as we progresses
through to development and into production."
There is no information in relation to Mr.
Coughlans appointment
required pursuant to Schedule 2 paragraph (g) of the AIM rules for
Companies other than as follows:
Mr Coughlan holds, or has held, the following directorships in the last
five years:
Current Directorships
CCL Industries Ltd.
Derland Holdings Inc
Global Equipment Solutions Ltd
Previous Directorships
Hayes-Dana Corporation
Mackenzie Financial
Enquiries:
African Minerals Limited
Tel: +44 (0) 1481 726833
Frank Timis
Alan Watling
Canaccord Genuity Limited
Tel: +44 (0) 20 7050 6500
Robert Finlay
Guy Blakeney
Mirabaud Securities Limited
Tel: +44 (0) 20 7878 3360
Rory Scott
Pav Sanghara
Pelham Bell Pottinger Limited
Tel: +44 (0) 20 7861 3232
Klara Kaczmarek
Philip Dennis
Klara Kaczmarek
Account Director
Direct line: +44(0)20 7861 3883
Mobile: +44 (0)7859 048 228
Pelham Bell Pottinger
5th Floor, Holborn Gate, 330 High Holborn, London, WC1V 7QD
Tel: +44 (0)20 7861 3232 Fax: +44 (0)20 7861 3233
www.pelhambellpottinger.co.uk
PLEASE NOTE OUR NEW OFFICE
ADDRESS & TELEPHONE NUMBERS AS OF MONDAY 24 MAY 2010
.......................................
A CarbonNeutral(r) company
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