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Sylvania Platinum Limited
("Sylvania Platinum", "Sylvania" or the "Company")
Appointment of Chairman
Sylvania Platinum Limited, the low-cost platinum group metal producer and developer, today announces the appointment of Stuart Murray as Chairman of Sylvania, effective 1 April 2013. Mr Murray replaces Richard Rossiter who has stepped down from the Board of Sylvania.
Roger Williams, a current Non-Executive Director of the Company, will take on the responsibilities of Chairman with immediate effect and until such time Mr Murray assumes the chairmanship.
Detail on Stuart Murray
Mr Murray has over 25 years of executive experience in the Southern African platinum sector, commencing his career at Impala Platinum's Refineries in 1984. He held a number of positions at Impala Platinum, Rhodium Reefs Ltd, Barplats, and Middelburg Steel and Alloys, before joining Aquarius Platinum Limited in 2001 as Chief Executive Officer, holding that position until 2012. He is currently a Non-Executive Director of Talvivaara Mining Company Plc, the Finnish nickel miner. Mr Murray gained a Bachelor of Science (Engineering) degree in Chemical Engineering from Imperial College, University of London in 1984.
The Board believes that Mr Murray's experience and knowledge of the sector will be an asset to the Company in achieving its strategic goals. His appointment is a continuation of the Company's strategy to build Sylvania Platinum into the leading mid-tier, low unit-cost, platinum group metals producer.
Other board and management changes
Louis Carroll, formerly the Finance Director, has agreed to continue with Sylvania as the Company Secretary. Mr. Carroll did not stand for re-election at the last AGM. Sylvania intends to strengthen its Board further and will charge the new Chairman with this role when he starts in April.
Nigel Trevarthen, Deputy CEO, is appointed as Managing Director of Sylvania South Africa (Pty) Limited, an operating subsidiary of the Company, with overall responsibility for South African operations.
Lewanne Carminati is appointed as Finance Director of Sylvania South Africa (Pty) Limited.
These appointments take place with immediate effect.
Terry McConnachie, Chief Executive Officer, commented: "I am delighted to welcome Stuart as the new Chairman of Sylvania. He brings with him a wealth of experience in the mining industry spanning over 25 years. In particular, his extensive experience in the South African platinum sector will be invaluable in our quest to build Sylvania into a leading low cost PGM producer. On behalf of the Board I would like to thank Richard Rossiter for his contribution to the Board over the past years."
For further information please contact:
Terence McConnachie (Chief Executive Officer)
+44 777 533 7175
Nominated Advisor and Broker
Liberum Capital Limited
+44 (0) 20 3100 2000
Sylvania Website: www.sylvaniaplatinum.com
Graham Herring/ Beth Harris
+44 (0) 20 7653 9850
The following additional information on Stuart Angus Murray (age 50) is provided pursuant to rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies:
Current directorships and partnerships:
Talvivaara Mining Company PLC
Previous directorships and partnerships:
Aquarius Platinum Limited
Mimosa Mining Company (Pty) Limited
Mimosa Investments Limited
Signature Metals Limited
Simmer and Jack Mines Limited
Whilst a director of Aquarius Platinum ("AQP"), there were various shareholder, court and regulator sanctioned changes in the structure of AQP's operating subsidiaries. Full details are a matter of public record on the AQP website, or in statutory filings to regulators in Australia and/or UK in shareholder circulars.
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