September 22, 2014 7:29 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Elitheni Coal

Company Overview

Elitheni Coal owns and operates coal mines. The company was incorporated in 2001 and is based in Port Elizabeth, South Africa. As of December 31, 2006, Elitheni Coal operates as a subsidiary of Acharnian Mining Ltd.

130 Cape Road

Millpark

Port Elizabeth,  

South Africa

Founded in 2001

Phone:

27 41 374 0842

Fax:

27 41 374 0856

Key Executives for Elitheni Coal

Finance Director and Director
Compensation as of Fiscal Year 2014.

Elitheni Coal Key Developments

Elitheni Coal (Pty) Limited Announces Executive Appointments

Alex MacDonald has been appointed as Chairman of Elitheni Coal (Pty) Limited, Michael Shore has been appointed as finance director.

Elitheni Announces Executive Appointments

Elitheni announced that Zoli Macanda-Simbodyal has agreed to join the Board of the company as Chairman and Finance Director. Zoli Macanda-Simbodyal holds directorship portfolio in other corporates in South Africa. She joined NM Rothschild Investment Bank from PricewaterhouseCoopers where she was involved in a number of corporate finance advisory including privatizations, initial public offerings, mergers and acquisition, divestitures including management buy-out and project management transactions. She was the former finance director at MTN Group, assisting the MTN Group in advancing their African operation projects in telecommunications. Bruce Walsham has agreed to join the Board of Elitheni as a Director. Bruce is a qualified geologist and has highly varied experience in over 50 commodities in 103 countries. His early career comprised geological work in deep underground and open pit mines and numerous geo-technical investigations in exploration and pre-development programmes throughout the world including with Union Corporation (now BHP Billiton) for 14 years. More recently has been involved in advising boards on mineral matters, running aggressive programmes seeking new mineral deposits, marketing diamonds and graphite and assisting in mergers, takeovers and corporate strategies.

Strategic Natural Resources plc Announces Receipt of Court Order in South Africa

Strategic Natural Resources Plc announced that it has been informed by Elitheni that Elitheni on March 26, 2013 received notice of a court order made on 25 March 2014, by The High Court of South Africa (Eastern Cape Local Division, Port Elizabeth). Whilst the SNR directors are urgently seeking legal advice in order to clarify the position, it is their preliminary understanding that this order effectively freezes the Company's entire interest in Elitheni and confirms the jurisdiction as the Republic of South Africa to any further claims by the applicant, Thelo Rolling Stock Leasing (Pty) Ltd. ('Thelo') against SNR or Elitheni (the 'Court Order'). Under the terms of the Court Order, SNR has 30 days, from 25 March 2014, in which to enter a Notice of Intention to Oppose.

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