Continental Coal Appoints Johan Bloemsma As Nonexecutive Director
02 March 2012 - 3:49PM
Dow Jones News
Continental Coal Ltd. (CCC.AU) said Friday it has appointed
Johan Bloemsma, an experienced mining industry executive who helped
expand Anglo American PLC's (AAL.LN) coal division beyond South
Africa, as a nonexecutive director.
Bloemsma's appointment is effective immediately, Continental
said.
"His [Bloemsma's] strategic thinking, experiences in mergers,
acquisitions and organic growth with Anglo Coal across technical,
legal and commercial disciplines in multiple jurisdictions from
grass roots exploration through feasibility studies to construction
and into production are key attributes that he brings to the board
of Continental," Don Turvey, chief executive of Continental, said
in a statement.
Last month, Continental director Jason Brewer told Dow Jones
Newswires the company was looking to replicate its success in
developing thermal coal mines in South Africa with a push this year
into Colombia and coking coal.
The company said Bloemsma, 62, has been involved in coal mining
for more than 41 years in areas including South Africa, Australia,
the U.S., Canada and Colombia. Most recently, he was CEO of AMCI
Capital's AMCI Africa arm. He was with Anglo American for 37 years,
including 33 years at the Anglo Coal unit, Continental said.
Continental has two operating mines in South Africa producing
about 2 million metric tons a year for the domestic and export
markets. It has a third mine in South Africa in development and has
completed a bankable feasibility study on a fourth. Continental
said last month it was set for run-of-mine production in South
Africa of 7 million tons a year in 2013 and 10 million tons by
2015.
The company last month appointed Mike Kilbride, previously chief
operating officer of South Africa's Exxaro Resources Ltd. (EXX.JO),
as independent nonexecutive chairman.
-By Robb M. Stewart, Dow Jones Newswires; +61 3 9292 2094;
robb.stewart@dowjones.com
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