27 February 2012The ManagerCompany AnnouncementsAustralian...

27 February 2012
The Manager
Company Announcements
Australian Securities Exchange Limited
Level 6, 20 Bridge Street
Sydney NSW 2000
By e-lodgement

CHAIRPERSON OF THE BOARD OF TRUSTEES OF SISHEN IRON ORE COMMUNITY
DEVELOPMENT TRUST APPOINTED TO THE BOARD

Key Points:

# Mr Connie Molusi, appointed to the Board of Continental Coal as an Non-Executive Director
# Mr Molusi is currently Chairperson of Sishen Sishen Iron Ore Company Community
Development Trust (“SIOC-cdt”), the Company’s new Broad Based BEE partner in South Africa
# Mr Molusi has more than twenty five (25) years experience across a broad range of South
Africa’s and Africa’s major industries and is a leading and highly respected figure in South
Africa’s business and philanthropic community
# Connie has extensive management experience both in the public and private sector across
policy, regulatory, corporate and operational roles with profit and loss responsibility
# He advised the Minister of Communication on the restructuring of the SABC in 1996 resulting in
the repositioning of the SABC for profitability following previous losses
# He was part of a team managing the partial privatization of Telkom in 1997 resulting in the
introduction of a Strategic Equity Partners Thintana (comprising SBC International and
Malaysia Telekom). After 14 years the transaction still represents the third largest USA foreign
direct invest in South Africa
African focused coal mining investment and production company Continental Coal Limited
(“Continental” or the “Company”) is pleased to announce the appointment of Mr Connie Molusi to
the Board of Continental as a Non-Executive Director of the Company.
Mr Molusi, (49), is currently the Chairperson of SIOC-cdt, where in November 2011 Subscription and
Shareholder Agreements were executed with the Company under which SIOC-cdt has become
Continental’s new partner in South Africa and where the ZAR140m settlement of the transaction is
scheduled to occur by no later 13 March 2012.
Mr Molusi brings with him more than twenty five (25) years broad experience and knowledge in
South Africa’s business sector. Mr Molusi previously held the position of Executive Director and Group
Chief Executive Officer of Johnnic Communications, South Africa’s leading media group.
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Mr Molusi was also Media Advisor for the South African Government’s Reconstruction and
Development Programme, and to the South African Minister of Communications. Mr Molusi has
previously served as President of Print Media South Africa, and is Past Chairman of Newspaper
Association as well as a member of the board of Directors of the World Association of Newspapers.
In addition to his position as Chairperson of SIOC-cdt, Mr Molusihas also held the following
directorships: Board of Governors for the Business Coalition on HIV/AIDS, Trustee of WWF South Africa,
Member of the Board of Media Development and Diversity Agency, Member of the Board of the
Institution for the Advancement of Journalists, Non Executive Chairman of Wethy Investment Group,
Chairman of Telkom Media, Member of the Board of Governors of Rhodes University, Non-Executive
Director of Petro SA, Chairman of the African Media and Entertainment and Chairman of the
Johannesburg Tourism Company.
“I am delighted to be able to welcome Connie Molusi to the Board of Continental and in doing so
firmly cement our partnership in South Africa with the Sishen Iron Ore Company Community
Development Trust. We are privileged to be able to have someone with Connie’s attributes, business
knowledge and integrity join us on our Board” said Mr Don Turvey, Chief Executive Officer of
Continental Coal.
“Our business in South Africa has grown significantly over the past 12 months, we now have a number
of producing mines, development projects and exploration programs progressing rapidly, and there
are significant opportunities as well as challenges ahead of us. As a Company we have recognised
the need to enhance and strengthen our Board. The appointment earlier this week of Mike Kilbride as
Independent Non-Executive Chairman and the appointment now of Connie Molusi as Non-Executive
Chairman, demonstrates that we are able to attract the highest calibre of professionals to grow this
business for all stakeholders” Mr Turvey added.
Business Profile of Connie Molusi
Andrew Conway Gaorekwe Molusi
Qualifications:
# B. Journ (Rhodes University) 1987
# MA (Notre Dame University, Ind. USA) 1993
Board Experience:
Mr Molusi’s Board experience includes:
Chairperson of Sishen Sishen Iron Ore Company Community Development Trust (2007 – present)
Non-Executive Director of Petro SA (2011 – present)
Chairman of Johannesburg Tourism Company(2004 – present)
Non-Executive Director of Caxton CTP Printers and Publishers (2001 – present)
Member Board of Directors of Rhodes University (2004 – present)
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Chairman of the African Media and Entertainment LTD (2004 -present) Member of the Boards Institution for the Advancement of Journalists(2002 – 2005) Chairman of Telkom Media (2007 – 2009) Chairman of World Association of Newspapers (2002 – 2006) Board of Governors for the Business Coalition on HIV/AIDS(2003 –2006) Member of the Board Media Development and Diversity Agency(2003 – 2006)
Board member Business Against Crime SA(2004-2011) Non Executive Chairman of Wethy Investment Group(2006 –2009) Please find attached an Appendix 3X for Mr Molusi and an Appendix 3B.
For and on behalf of the Board.
Regards
Jason Brewer
Executive Director
For further information please contact:
Investors/ shareholders
Jason Brewer
Executive Director
T: +61 8 9488 5220
E: [email protected]
W: Hwww.conticoal.comH
Don Turvey
Chief Executive Officer
T: +27 11 881 1420
H
Media (Australia) David Tasker Professional Public Relations T: +61 8 9388 0944 Media (UK) HJamesMacFarlane& Philippe Polman Pelham Bell Pottinger T: +44 20 7861 3864 Nominated Advisor Stuart Laing RFC Corporate Finance T: +61 8 9480 2500 Joint Brokers Mark Wellesley-Wood / Chris Sim Investec Bank plc T: +44 20 75974000 Joint Brokers Andrew Young GMP Securities Europe LLP T: +44 20 7647 2800