Johannesburg, South Africa — MININGREVIEW.COM — 28 July 2010 – Bernard Swanepoel is to take over as chairman of emerging South African resources company Simmer and Jack Mines Limited (Simmers) at the company’s annual general meeting on 10 September.
Miningmx reports that this follows the decision by current chairman Vusi Khanyile not to make himself available for re-election as a director.
Swanepoel was first proposed as a director and potential chairman of Simmers in November last year by the company’s black economic empowerment partner Vulisango.
The proposal was rejected by then-chairman Nigel Brunette, but Brunette and CEO Gordon Miller subsequently agreed to resign and shift to running associate First Uranium in an attempt to defuse the corporate confrontation taking place with Vulisango.
Khanyile became chairman on 10 December in place of Brunette.
He said: “I accepted the position of chairman in December 2009, precisely because I believed I could play a role in helping to restore investor confidence through the creation of a strong and effective board capable of putting the company on a steady footing and positioning it to deliver on its potential. I believe that this has now been achieved and I am confident that the company is in safe hands.”
Swanepoel told Miningmx he would be a non-executive chairman, with the bulk of his time allocated to his executive role at Village Main which now owns Lesego Platinum. “I am quite confident we have a management team at Simmers which can deliver on the stated objectives that are out there in terms of performance from the current assets,” he said. Swanepoel added he intended ensuring a culture of accountability within Simmers from board level down for the stated objectives.
As a result of the protracted battle for control of the Simmers board, it now consists of a number of high-profile mining executives. These include Impala Platinum CEO David Brown , Aquarius Platinum CEO Stuart Murray and former Anglo Platinum CEO Ralph Havenstein .
Swanepoel said: “It is a privilege to chair a board like that.”