Directorate Change

 

TIDMCFM 
 
RNS Number : 3300C 
Central African Mining&Exploration 
11 November 2009 
 

 
 
11 November 2009 
Central African Mining & Exploration Company plc 
("CAMEC" or the "Company") 
Directorate change 
Further to yesterday's announcement by Eurasian Natural Resources Corporation 
PLC that its recommended offer for the entire issued share capital of CAMEC has 
been declared unconditional in all respects, CAMEC announces the resignation 
with immediate effect of Philippe Edmonds from his post as chairman of 
CAMEC, Andrew Groves from his post as chief executive and managing director and 
John Anthony from his post as non-executive director of CAMEC. 
Following a board meeting of CAMEC this afternoon, the Company announces the 
appointment of Mr. Beat Ehrensberger, Mr. James Cochrane and Ms. Zaure 
Zaurbekova to the board of directors of CAMEC with immediate effect. 
Mr. James Cochrane has been appointed Chairman of the board of directors of 
CAMEC. 
The board of directors thanks Philippe Edmonds, Andrew Groves and John Anthony 
for their service to CAMEC and wishes them well for the future. 
Mr. James Alastair Kirkland Cochrane (45 years old) holds, or has in the last 
five years held, the following directorships: 
Current directorships Mr. James Cochrane: 
Landark Developments Ltd. 
ENRC Finance Limited 
ENRC Management (UK) Limited 
ENRC Africa Limited 
ENRC Africa 1 Limited 
Alloy 2000 B.V., Luxembourg 
Bahia Minerals B.V., Amsterdam 
DDK Trading AG, Switzerland 
ENRC Marketing AG, Switzerland 
 
 
Past directorships Mr. James Cochrane: 
Eurasian Capital AG, Switzerland 
ENR Alumina AG, Switzerland (deregistered company) 
ENR Iron AG, Switzerland (deregistered company) 
ENR Technik AG, Switzerland (deregistered company) 
Joint Stock Company Serov Ferrochrome Factory, Russia 
Joint Stock Company Serov Metalconcentrate Works, Russia 
Joint Stock Company Saranovskaya Mine "Rudnaya", Russia 
Xinjiang Tuoli ENRC Taihang Chrome Co, Ltd., China 
 
 
Ms. Zaure Zaurbekova (47 years old) holds, or has in the last five years held, 
the following directorships: 
Current directorships Ms. Zaure Zaurbekova: 
Eurasian Natural Resources Corporation PLC 
TNC Kazchrome JSC 
Aluminium of Kazakhstan JSC 
KAS JSC 
ENRC Microcredit LLP 
ENRC Credit LLP 
Mr. Beat Ehrensberger (38 years old) holds, or has in the last five years held, 
the following directorships: 
Current directorships Mr. Beat Ehrensberger: 
ENRC Africa Limited 
ENRC Africa 1 Limited 
ENRC Finance Limited 
ENRC Management (UK) Ltd 
ASEK Reinsurance AG, Switzerland 
DDK Trading AG, Switzerland 
ENRC Marketing AG, Switzerland 
Joint Stock Company Serov Ferrochrome Factory, Russia 
Joint Stock Company Serov Metalconcentrate Works, Russia 
Joint Stock Company Saranovskaya Mine "Rudnaya", Russia 
Bahia Minerals B.V., The Netherlands 
 
 
Past directorships Mr. Beat Ehrensberger: 
Eurasian Capital AG, Switzerland 
Eurasian Natural Resources Corporation AG, Switzerland 
EWI Eastwest Interaction Management GmbH, Switzerland 
Gastralos AG, Switzerland 
IMR International Mineral Resources AG, Switzerland 
Central Asian Investment Holding AG, Switzerland (deregistered company) 
Central Asian Investment Management GmbH, Switzerland (deregistered company) 
CoMIT Resources AG, Switzerland (deregistered company) 
Corica AG, Switzerland (deregistered company) 
ENR Alumina AG, Switzerland (deregistered company) 
ENR Finance AG, Switzerland (deregistered company) 
ENR Finance Holding AG, Switzerland (deregistered company) 
ENR Finance Management AG, Switzerland (deregistered company) 
ENR Iron AG, Switzerland (deregistered company) 
ENR Technik AG, Switzerland (deregistered company) 
Ferronikeli AG, Switzerland (deregistered company) 
Flour Invest GmbH, Switzerland (deregistered company) 
Hilford Holding AG, Switzerland (deregistered company) 
HSPL Holding AG, Switzerland (deregistered company) 
IMR Marketing AG, Switzerland (deregistered company) 
International Mineral Resources Holding AG, Switzerland (deregistered company) 
International Mineral Resources Management AG, Switzerland (deregistered 
company) 
J&W Holding AG, Switzerland (deregistered company) 
Lynchburg Holding AG, Switzerland (deregistered company) 
Mineral Resources Holding AG, Switzerland (deregistered company) 
Mineral Resources Management GmbH, Switzerland (deregistered company) 
Prentiss Holding AG in Liquidation, Switzerland (deregistered company) 
Steelfox AG, Switzerland (deregistered company) 
Summerside Holding AG, Switzerland (deregistered company) 
Tacit AG, Switzerland (deregistered company) 
Traniwa Holding AG, Switzerland (deregistered company) 
Zetenics AG, Switzerland (deregistered company) 
There is no further information required to be disclosed in respect of the 
above appointment pursuant to paragraph (g) of Schedule Two of the AIM Rules. 
- ENDS - 
Enquiries 
For further information, please contact: 
 
 
+---------------------------------+-------------------------------------+ 
| ENRC: Investor Relations        |                                     | 
+---------------------------------+-------------------------------------+ 
| Mounissa Chodieva               | [phone]                | 
+---------------------------------+-------------------------------------+ 
| James S Johnson                 | [phone]                | 
+---------------------------------+-------------------------------------+ 
| Marianna Adams                  | [phone]                | 
+---------------------------------+-------------------------------------+ 
 
 
+----------------------------------+------------------------------------+ 
| ENRC: Press Relations            |                                    | 
+----------------------------------+------------------------------------+ 
| Julia Kalcheva                   | [phone]               | 
+----------------------------------+------------------------------------+ 
 
 
About CAMEC 
CAMEC is an Africa focused emerging mining company. It operations are centred 
around copper and cobalt, coal, bauxite, platinum, trucking and logistics and 
fluorspar. CAMEC's copper and cobalt operations are located in the Democratic 
Republic of Congo. CAMEC is a holder of coal licences in Mozambique, including 
the 100 per cent. owned 871L coal project, in the prospective Zambezi coal 
province in Mozambique. In platinum, CAMEC has a controlling interest in a 
number of significant assets in Zimbabwe, including a 60 per cent. interest in 
the Bokai and Kironde claims held through Todal Mining (Pty) Limited. CAMEC's 
trucking and logistics subsidiary, Sabot, has a fleet of approximately 467 
trucks and a series of warehouses across the region. In Fluor spar, CAMEC holds 
a majority stake in the Doornhoek Fluorspar Project located adjacent to the 
Wiktop Fluorspar mine in South Africa. CAMEC is a UK company whose shares were 
admitted to trading on AIM on 9 October 2002. For the year ended 31 March 2009, 
CAMEC reported a loss before tax of US$41.5 million and had total assets as at 
31 March 2009 of US$1,627 million. 
 
 
Forward-looking Statements 
This announcement includes statements that are, or may be deemed to be, 
'forward-looking statements'. These forward-looking statements can be identified 
by the use of forward-looking terminology, including the terms 'believes', 
'estimates', 'plans', 'projects', 'anticipates', 'expects', 'intends', 'may', 
'will', or 'should' or, in each case, their negative or other variations or 
comparable terminology, or by discussions of strategy, plans, objectives, goals, 
future events or intentions. These forward-looking statements include matters 
that are not historical facts or are statements regarding the Group's 
intentions, beliefs or current expectations concerning, among other things, the 
Group's results of operations, financial condition, liquidity, prospects, 
growth, strategies, and the industries in which the Group operates. 
Forward-looking statements are based on current plans, estimates and 
projections, and therefore too much reliance should not be placed upon them. 
Such statements are subject to risks and uncertainties, most of which are 
difficult to predict and generally beyond the Group's control. By their nature, 
forward-looking statements involve risk and uncertainty because they relate to 
future events and circumstances. The Group cautions you that forward-looking 
statements are not guarantees of future performance and that if risks and 
uncertainties materialise, or if the assumptions underlying any of these 
statements prove incorrect, the Group's actual results of operations, financial 
condition and liquidity and the development of the industry in which the Group 
operates may materially differ from those made in, or suggested by, the 
forward-looking statements contained in this announcement. In addition, even if 
the Group's results of operations, financial condition and liquidity and the 
development of the industry in which the Group operates are consistent with the 
forward-looking statements contained in this announcement, those results or 
developments may not be indicative of results or developments in future periods. 
A number of factors could cause results and developments to differ materially 
from those expressed or implied by the forward-looking statements including, 
without limitation, general economic and business conditions, industry trends, 
competition, commodity prices, changes in regulation, currency fluctuations, 
changes in business strategy, political and economic uncertainty. Subject to the 
requirements of the Prospectus Rules, the Disclosure and Transparency Rules and 
the Listing Rules or any applicable law or regulation, the Group expressly 
disclaims any obligation or undertaking publicly to review or confirm analysts 
expectations or estimates or to release publicly any updates or revisions to any 
forward-looking statements contained herein to reflect any changes in the 
Group's expectations with regard thereto or any change in events, conditions or 
circumstances on which any such statement is based. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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