Modern Mining July 2017

MINING News

Bell implements CEO succession plans Bell Equipment’s board of directors has announced the appointment of the com- pany’s Chief Operational Officer and Executive Director, Leon Goosen, as Chief Executive Officer designate to succeed Gary Bell upon his planned retirement. The appointment follows an extensive internal, local and international search process by an external service provider to identify candidates, who were assessed by a sub-committee of the board.

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Goosen, aged 45, was a partner at Deloitte & Touche in South Africa and Namibia prior to joining Bell in 2007. He has held the position of Executive Director since January 2009 and has been COO since December 2014. Bell Equipment Limited’s Chairman, John Barton, said: “We are delighted to be able to appoint at the helm of Bell Equipment a successor of Leon’s calibre. As Chief Operating Officer, Leon has worked very closely with the Board and Gary over the past eight years, and has made a con- siderable contribution to the strategic direction of the group. “By announcing the successor now, we will have the benefit of a smooth handover in the Chief Executive’s office during the transition period. My board colleagues join me in wishing Leon every success during this transition phase and in his new role as Chief Executive of Bell Equipment Limited.” Bell’s Chief Executive Officer, Gary Bell,

Leon Goosen, CEO designate of Bell Equipment.

added:“In the past years Leon has stepped up to his operational role and his knowl- edge and understanding of what is a very complex business has developed particu- larly well, and the executive team at Bell is very supportive of his appointment. “I take this opportunity to congratulate Leon on his appointment and I have every confidence that he will lead the business to greater heights in the years ahead as we roll out our agreed plans. “In an effort to ensure a smooth transi- tion and retain the Bell family linkages, it is envisaged that I will continue to play a meaningful role on the Board and, along with Ashley Bell’s presence on the Board, we can steer the business and retain the all-important family culture and sentiment that is core to the Bell business today.”  These results confirm the previously modelled high-grade nature, strong continuity of gold mineralisation and thickness of theWest Reef orebody (aver- aging 1,5 m). Assay results for five holes are pending and a further three holes remain to be drilled in the 2017 Prestea Underground in-fill drilling programme – all remaining results are expected dur- ing the third quarter of 2017. GSR operates both the Prestea and Wassa mines in Ghana, which together produced approximately 194 000 ounces in 2016. Both are developing under- ground operations. Wassa Underground is in its ramp-up phase while Prestea Underground is expected to enter com- mercial production during the third quarter of this year. 

GSR reports on Prestea Underground drilling Golden Star Resources (GSR) has reported results from 14 diamond drill (DD) holes from the 2017 in-fill drilling programme at its Prestea underground gold mine (Prestea Underground) in Ghana.

Tel: +27 (0)11 383 9300 www.winder.co.za

The focus of this programme was to further define the West Reef ore body, where Prestea Underground’s high-grade mineral reserves (1,09 Mt at 13,93 g/t of gold (Au) are located. The 14 DD holes comprised 2 323 m of drilling and were drilled from within Prestea Underground’s workings. Significant intercepts included: 1,1 m grading 75,7 g/t Au from 147,0 m in hole WR17-24-274S05A; and 3,2 m grading 14,4 g/t Au from 146,8 m in hole WR17- 24-274S04A, including 0,9 m grading 39,5 g/t Au from 146,8 m.

Fax: +27 (0)11 383 9305 email: winder@winder.co.za

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