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Kumba’s Chief Financial Officer to step down

14 Feb 2017

Kumba announces that Frikkie Kotzee, Chief Financial Officer and executive director of the Company, has decided to step down from his role after five years.

Mr Kotzee engaged with the Kumba Board in December 2016 to indicate his preference to step down during the course of 2017, once a number of major strategic and financial deliverables had been completed. In order to ensure a smooth transition, Frikkie has agreed to remain with the Company until Kumba’s Annual General Meeting on 11 May 2017.

Fani Titi, Chairman of Kumba said: “The Board thanks Frikkie for his invaluable contribution and leadership over the past five years. We have valued his integrity and unwavering commitment to the highest levels of governance and excellence. We wish Frikkie the best in his future endeavours.”

Themba Mkhwanazi, Chief Executive, added: “Frikkie has played a crucial leadership role in ensuring Kumba’s financial sustainability during trying times. He will be missed as a valued member of the executive team.”

Frikkie Kotzee commented: “I would like to thank Kumba for what has been an excellent opportunity to serve as CFO. It has been very rewarding professionally and I have had the privilege of working with an exceptional board and management team. After five years and with a strengthened balance sheet and a major restructuring of the business successfully executed, I believe the time is right for me to step down.”

The Kumba Board will now begin a search process of internal and external candidates to identify a successor.

For further information, please contact:

Media Investors
Yvonne Mfolo Nerina Bodasing
Tel: +27 12 683 7067 Tel: +27 12 622 8324
Mobile: +27 83 469 4566 Mobile: +27 82 940 7505

Notes to editors:

Kumba Iron Ore Limited, a member of the Anglo American plc group, is a leading value-adding supplier of high quality iron ore to the global steel industry. Kumba produces iron ore in South Africa at Sishen mine and its Kolomela mine in the Northern Cape Province, and at Thabazimbi mine in the Limpopo Province. Kumba exports iron ore to customers in a range of geographical locations around the globe including China, Japan, Korea and a number of countries in Europe and the Middle East.

Notes to editors:

Anglo American is a globally diversified mining business. Our portfolio of world-class competitive mining operations and undeveloped resources provides the raw materials to meet the growing consumer-driven demands of the world’s developed and maturing economies. Our people are at the heart of our business. It is our people who use the latest technologies to find new resources, plan and build our mines and who mine, process and move and market our products – from diamonds (through De Beers) to platinum and other precious metals and copper – to our customers around the world.

As a responsible miner, we are the custodians of those precious resources. We work together with our key partners and stakeholders to unlock the long-term value that those resources represent for our shareholders, but also for the communities and countries in which we operate – creating sustainable value and making a real difference.

Real Mining. Real People. Real Difference.

Kumba Iron Ore