CCC continental coal limited

Ann: Appointment of Independent Non-Executive Ch, page-2

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    re: Ann: Appointment of Independent Non-Exec... APPOINTMENT OF HIGHLY EXPERIENCED INDEPENDENT NON-EXECUTIVE CHAIRMAN

    Key Points:

    ? South African mining industry executive Mike Kilbride appointed Independent Non-Executive Chairman of Continental Coal
    ? Mr Kilbride has more than 35 years of diversified mining experience, incuding senior management positions in charge of world-class mines primarily associated with bulk commodities and supplying markets in Asia, Europe and South Africa
    ? Former Executive Director and Chief Operating Officer of South Africa’s largest empowered resource company Exxaro Resources
    ? Former Chairman of Sishen Iron Ore Company during the period of phased expansion from 32Mtpa to over 43Mtpa
    ? Former Chairman of Kumba Resources and Exxaro Coal during a period where thermal coal production increased from 17Mtpa to over 47Mtpa

    African focused coal mining investment and production company Continental Coal Limited (“Continental” or the “Company”) is pleased to announce the appointment of Mike Kilbride as the Company’s Independent Non-Executive Chairman. The appointment is effective immediately.

    Mr Kilbride, 60, brings with him more than 35 years broad experience and knowledge in the international mining sector encompassing various commodities, mining and beneficiation methods.

    During this period Mr Kilbride has held various senior management positions in charge of world-class mines primarily associated with the bulk commodities and supplying markets into Asia, Europe and
    South Africa.

    Prior to his appointment at Continental Coal, Mr Kilbride’s previous role was Executive Director and Chief Operating Officer of South Africa’s largest empowered resource company, Exxaro Resources upon its listing on the JSE in 2006 and through to 2008. Exxaro Resources is one of the major coal producers in South Africa serving the local and international markets as well as also being the world’s
    third largest producer of titanium dioxide. In his capacity as Executive Director, Mr Kilbride was appointed as Chairman of the Boards of Sishen Iron Ore Company, Kumba and Exxaro Coal and Ticor SA during a period of substantial growth for each of these companies.


    “Continental Coal believes the appointment of such a well respected and highly credentialed and experienced Independent Non-Executive Chairman is a further step in the growth of our Company. It is a major step forward for the Company and a clear indication of where we see Continental Coal in the years to come” said Mr Don Turvey, Chief Executive Officer of Continental Coal.

    “Mike’s role and in particular his experiences as Chairman of Exxaro’s Coal Business from 2001 to 2008, a period where he oversaw production increased from 17Mtpa to the current 47Mtpa is
    extremely important to Continental Coal as we now look to grow our business. The growth at Exxaro was achieved through acquisitions, new mines commissioned and brownfields expansions and required obtaining increased allocation at RBCT and new supply agreements with Eskom. All of these areas will be key to the success of growing our business in the future; I welcome Mike to the Company and look forward to working with him.” Mr Turvey added.

    Business Profile of Mike Kilbride

    Michael James Kilbride

    Qualifications:

    ? B.Sc. (Hons) Mining Engineering – Royal School of Mines, London (1976)
    ? SA Mine Managers Certificate – Metalliferous (1980)
    ? SA Mine Managers Certificate – Coal (1983)
    ? Management Development Programme – Unisa (1985)
    ? Mining Taxation Certificate – Unisa (1995)
    ? Senior Executive Programme , London Business School (2003)

    Professional Memberships:
    ? Fellow of South African Institute of Mining & Metallurgy
    ? Associate of Royal School of Mines, London

    Board Experience:

    Mr Kilbride Board experience includes:

    Chairman of Exxaro’s Coal Business (2001-2008) during a period where output expanded from 17Mtpa to the over 47Mtpa. This was achieved through acquisitions, new mines commissioned, brownfields expansions. At the same time older operations went through the closure process. This expansion also required obtaining increased allocation at RBCT and new supply agreements with Eskom.

    Chairman of Sishen Iron Ore Company (2001-2006) during this period the phase of expansion from 32Mtpa to over 43Mtpa, involving brown-fields projects at Sishen and a new mine Kolomela, took place. Expansion involved negotiations with Transnet for rail and port expansions and off-take agreements with clients based in Japan, China and Europe.

    Chairman of Ticor SA mineral sands (2002-2008) a joint venture between Kumba Resources and Ticor Ltd, Australia. These entities have mineral sands operations in Australia and South Africa as well as the Kwinana Pigment Plant in Perth. In 2006 the Namakwa Sands business of Anglo was also acquired.

    Following the appointment of Mike Kilbride as Independent Non-Executive Director, Continental’s current Executive Chairman and Founding Director of the Company, Andy Macaulay has taken up a
    role as a Non-Executive Director of the Company. We would like to thank Andy for his contribution as Chairman to the Company since its inception.
 
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