TIDMSKA
RNS Number : 5390S
Shuka Minerals PLC
07 November 2023
7 November 2023
Shuka Minerals Plc
("Shuka" or the "Company")
Appointment of New Chairman and Strengthening of the Boardwith
Appointment of Two Independent Non-Executive Directors
Shuka Minerals Plc (AIM: SKA), an African-focused mine operator
and developer, is pleased to announce the appointment of Mr.
Quinton van der Burgh, CEO of Q Global Commodities, Limited as its
new Non-Executive Chairman and Board Director.
The Company is also pleased to announce a further strengthening
of its Board with the appointments of experienced financial and
technical executives, Dr. Allen Zimbler and Marcel ('Marc') Nally
as Independent Non-Executive Directors effective immediately.
The appointments of Mr. Quinton van der Burgh, Dr. Allen Zimbler
and Mr. Marc Nally follow the strategic investments by Q Global
Commodities and Gathoni Muchai Investments Limited, and appointment
of Mr. Jason Brewer as an Executive Director in June 2023. These
additional appointments further strengthen the Company's Board as
we continue to review potential acquisitions of additional advanced
mining and mine development projects located in Africa.
Following these appointments, both Nicholas Von Schirnding and
Andre Hope have stepped down as Non-Executive Directors of the
Company with immediate effect.
Quinton van der Burgh
Mr. Quinton van der Burgh is one of South Africa's leading
mining entrepreneurs, with over 20 years of mining experience and a
track record of successfully developing more than 47 projects to
the mining stage, including two large-scale mining companies.
Mr. van der Burgh is the founder and CEO of Q Global
Commodities, one of South Africa's largest privately owned mining
houses, with self-sustaining subsidiaries in logistics,
beneficiation, plant-hire, and a rapidly expanding metals
portfolio.
In addition to his extensive business ventures, he has been
instrumental in establishing numerous non-profit organizations,
investment firms, and mining companies across Africa, Europe and
North America.
Dr. Allen Zimbler
Dr. Allen Zimbler (BA Hons , MBA, PhD) has over 40 years of
experience in strategic management and organisational development
consultancy and investment banking in both South Africa and the
United Kingdom.
For over 15 years, Dr Zimbler was a member of Investec Bank
plc's Global Executive team, where he served as its Chief
Integration Officer and, for the last five years in his role, was a
Group Executive Director. Prior to that Dr. Zimbler ran his own
management consultancy group in South Africa for over 25 years,
advising both African and international organisations on growth
opportunities across multiple sectors.
Dr. Zimbler is currently a Director of the African Leadership
Institute, a pan-African organisation that runs best-in-class
leadership programmes for young future leaders of Africa, a Knight
of the Honorary Knights of the Round Table in London, an honorary
Member of Magdalene College, Cambridge University and Wolfson
College, Oxford University, Chairman of the Ju/'hoansi Development
Fund, and Master of the Worshipful Company of Carpenters of the
City of London.
Mr. Marc Nally
Mr. Marc Nally is an experienced geologist and exploration
manager with over 25 years of experience in mining and mineral
exploration in Africa, South America and Europe.
Most recently Mr. Nally was a Non-Executive Director and
consulting exploration geologist of AQSE-listed Marula Mining plc
where he was involved in the acquisition of several advanced mining
projects throughout Africa and consulting exploration geologist to
AIM-listed Tertiary Minerals plc with a particular focus on project
generation in Zambia.
Mr. Nally was a founding Director and former Managing Director
of Moxico Resources plc, a private operating, development and
exploration mining company that recently commenced copper mining
operations at its Mimbula Copper Mine in Zambia. He was
instrumental in identifying and negotiating the acquisition of the
Mimbula Copper Mine and the purchase of the Kalengwa Copper
Mine.
Additionally, Mr. Nally has been involved in various exploration
projects and start-up mines in multiple countries, including
Russia, Spain, Finland, Republic of Congo, Ethiopia, Indonesia,
Zambia, and South Africa.
Jason Brewer, Executive Director, Shuka Minerals Plc said:
" We are delighted to announce the key appointments of Quinton
van de Burgh as Chairman and Independent Non-Executive Directors,
Allen Zimbler and Marc Nally, to the Board of the Company . It is a
major strengthening of the Board's capabilities and experience in
Africa and in the key areas that we believe will assist us in our
strategy to significantly grow the business.
"Quinton's appointment to the Board marks a significant
milestone, underscoring his commitment and affirming the Company's
dedication to strengthening our leadership. This also complements
the strategic investment by Q Global Commodities, which we consider
a major achievement for the Company.
"Allen brings tremendous experience from having worked with some
of Africa's leading organisations through his management and
organizational development consultancy business for over 25 years
and coupled with his experience at a senior Board level for 15
years with Investec Bank plc, one of Africa's most successful
investment banks, his appointment really demonstrates our ambitions
for Shuka.
"Marc brings a significant amount of technical experience as a
geologist who has worked predominantly in Africa and in particular
in Zambia where he founded Moxico Resources plc which has recently
commenced production at the Mimbula Copper Mine. Most recently I
had the pleasure of working with him at Marula Mining plc where he
was instrumental in assessing a number of the successful mine
project acquisitions that were completed in 2023.
"We would also like to extend our gratitude to Nicholas and
Andre for their commitment to the Company in recent years and wish
them the best in their future endeavours.
Enquiries:
Shuka Minerals Plc
Jason Brewer - Executive Director
Noel Lyons - CEO +254 (0)743 303075
Strand Hanson Limited
Financial and Nominated Adviser
James Harris | Richard Johnson +44 (0) 20 7409 3494
Tavira Securities Limited
Joint Broker
Oliver Stansfield | Jonathan
Evans +44 (0) 20 7100 5100
Peterhouse Capital Limited
Joint Broker
Charles Goodfellow | Duncan Vasey +44 (0)20 7469 0930
Gathoni Muchai Investments info@shukaminerals.com
Financial PR and IR
Faith Kinyanjui Mumbi
Further information on Mr Quinton van der Burgh ' s
appointment
The following details in relation to the appointment of Mr.
Quinton van der Burgh as the Non-Executive Chairman and Director
are disclosed in accordance with paragraph (g) of Schedule Two of
the AIM Rules for Companies.
Quinton van der Burgh (aged 46) has held the following
directorships and/or partnerships in the past 5 years:
Current Directorships Past Directorships (last five
years)
Billion Dollar Brand (Pty) Ltd Africoal Plant Hire (Pty) Ltd
(South Africa) (South Africa)
------------------------------------
Billion Dollar Playground (Pty) Africoal SA (Pty) Ltd (South
Ltd (South Africa) Africa)
------------------------------------
Black Stallion Motors CC Agattu Trading 228 (Pty) Ltd
(South Africa)
------------------------------------
Bonolo Commodities (Pty) Ltd BGH Coal (Pty) Ltd (South Africa)
(South Africa)
------------------------------------
Burgh Group Holdings CC (South Big Coal (Pty) Ltd (South Africa)
Africa)
------------------------------------
Burgh Investments (Pty) Ltd (South Billion Dollar Playground (Pty)
Africa) Ltd (South Africa)
------------------------------------
Challenger Coal (Pty) Ltd (South Burgh Group Holdings (Pty) Ltd
Africa) (South Africa)
------------------------------------
Courtney Cousins (Pty) Ltd (South Candlestick Holdings (Pty) Ltd
Africa) (South Africa)
------------------------------------
Drason (Pty) Ltd (South Africa) Capernum Trade 2 (Pty) Ltd (South
Africa)
------------------------------------
Enviroline (Pty) Ltd (South Africa) Copperzone 139 (Pty) Ltd (South
Africa)
------------------------------------
Equidome NPC (South Africa) Ennovation Independent Power
(Pty) Ltd (South Africa)
------------------------------------
Ezimbiwayo Consulting (Pty) Ltd Generosity Beverages RSA (Pty)
(South Africa) Ltd (South Africa)
------------------------------------
F-Money (Pty) Ltd (South Africa) Homeburg (Pty) Ltd (South Africa)
------------------------------------
Ideality Television (Pty) Ltd Inceku Processing (Pty) Ltd (South
(South Africa) Africa)
------------------------------------
Isabis Mining Projects (Pty) Innovagen (Pty) Ltd (South Africa)
Ltd (South Africa)
------------------------------------
Lesatype (Pty) Ltd (South Africa) Innovatec Africa Holding (Pty)
Ltd (South Africa)
------------------------------------
Mavivi Electrical and Mechanical International Mineral and Energy
Spares CC (South Africa) Consultants (Pty) Ltd (South
Africa)
------------------------------------
Mayborn Investments 37 (Pty) Inyanda Mining Holdings (Pty)
Ltd (South Africa) Ltd (South Africa)
------------------------------------
Misty Sea Trading 262 (Pty) Ltd Lesasmart (Pty) Ltd (South Africa)
(South Africa)
------------------------------------
New Age Industrial Supplies CC Melody Street Trading 10
(South Africa)
------------------------------------
Northern Lights Trading 266 (Pty) Nzuzu Coal (Pty) Ltd (South Africa)
Ltd (South Africa)
------------------------------------
Ukhamba Mining (Pty) Ltd (South Premium Coal (Pty) Ltd (South
Africa) Africa)
------------------------------------
Phambili Coal (Pty) Ltd (South Quiver Media (Pty) Ltd (South
Africa) Africa)
------------------------------------
Radlotype (Pty) Ltd (South Africa) Siyabusa Mining (Pty) Ltd (South
Africa)
------------------------------------
Siyabusa Coal Mining (Pty) Ltd Superlane 137 (Pty) Ltd (South
(South Africa) Africa)
------------------------------------
V D A Cellular CC (South Africa) Tresso Trading 674 (Pty) Ltd
(South Africa)
------------------------------------
Q Aviation (Pty) Ltd (South Africa)
------------------------------------
Q Capital Holdings (Pty) Ltd
(South Africa)
------------------------------------
Q Capital Investment Holdings
(Pty) Ltd (South Africa)
------------------------------------
QGC Group Management Services
(Pty) Ltd (South Africa)
------------------------------------
Quantitytimes Trading 17 (Pty)
Ltd (South Africa)
------------------------------------
Quintessential Villa (Pty) Ltd
(South Africa)
------------------------------------
Quintessential Villa Two (Pty)
Ltd (South Africa)
------------------------------------
Quinton van der Burgh Foundation
NPC (South Africa)
------------------------------------
Quinton van der Burgh Investments
(Pty) Ltd (South Africa)
------------------------------------
Quinton van der Burgh Media (Pty)
Ltd (South Africa)
------------------------------------
Q-Up Entertainment (Pty) Ltd
(South Africa)
------------------------------------
QV Investments (Pty) Ltd (South
Africa)
------------------------------------
Wet Peach Swimwear (Pty) Ltd
(South Africa)
------------------------------------
Mr. Quinton van der Burghhas an interest in 17,586,598 ordinary
shares and 3,265,555 warrants in the company, held through Q Global
Commodities.
Further information on Dr. Allen Zimbler' s appointment
The following details in relation to the appointment of Dr.
Zimbler as Independent Non-Executive Chairman are disclosed in
accordance with paragraph (g) of Schedule Two of the AIM Rules for
Companies.
Dr. Allen Zimbler (aged 74) has held the following directorships
and/or partnerships in the past 5 years:
Current Directorships Past Directorships (last five
years)
14 Hyde Park Square Management IamFire plc (p.k.a. Karoo Energy
Company Limited plc)
----------------------------------
14 Hyde Park Square Freehold Limited Sustainable Housing Solutions
Holdings
----------------------------------
15 Hyde Park Square Limited
----------------------------------
African Leadership Institute
----------------------------------
Kingscote Valley Limited
----------------------------------
Ju/'hoansi Development Fund
----------------------------------
Moatlands Estate Limited
----------------------------------
Kalahari Consulting Limited
----------------------------------
Dr. Zimbler does not currently own any ordinary shares or hold
any options over shares in the Company.
Further information on Mr. Marc Nally ' s appointment
The following details in relation to the appointment of Mr.
Nally as Independent Non-Executive Director are disclosed in
accordance with paragraph (g) of Schedule Two of the AIM Rules for
Companies.
Mr. Marcel Desmond Nally (aged 55) has held the following
directorships and/or partnerships in the past 5 years.
Current Directorships Past Directorships (last five
years)
None Marula Mining plc
------------------------------
Mr. Nally does not currently own any ordinary shares or hold any
options over shares in the Company.
Other than the information contained within this announcement,
there is no further information required to be disclosed pursuant
to paragraph (g) of Schedule Two of the AIM Rules for Companies in
relation to Mr. van der Burgh, Dr. Zimbler and Mr. Nally.
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