Baobab Resources Plc appointed Dr. Mohan Kaul as a Non-Executive Director to the company with immediate effect. Dr. Mohan Lal Kaul (aged 69) was appointed the first Director-General and Chief Executive Officer of the Commonwealth Business Council on its establishment by the Commonwealth Heads of Government in Edinburgh in October 1997. Dr. Kaul is currently a member of the Presidential Advisory Councils of Mozambique, Uganda and Zambia.

Baobab Resources Plc seeking a partner for the Mozambique iron project. "Billions of dollars will be invested in the gas sector in Mozambique and they are going to need a huge amount of steel," Baobab’s Managing Director, Ben James said in a telephone interview. "Our ideal strategic partner would be a steelmaker and in Mozambique we don't have shortage of names with Jindal, Nippon Steel, Tata Steel and Posco," Ben James added.

Baobab Resources Plc is seeking a joint venture partner to build a pig iron smelter. The potential candidates include ArcelorMittal, Tata and Posco, Platts understands.