Johannesburg - Sibanye Gold has appointed James Wellsted as senior vice-president‚ corporate affairs with effect from January 1 2013.
Wellsted‚ 43‚ covered the South African diversified mining
sector in his role as a mining analyst at JP Morgan for the past one and a half
years. Prior to this‚ he was the Executive Head of Investor and Media Relations
at Mvelaphanda Resources for seven years‚ until its unbundling in 2011‚ Sibanye
said on Tuesday.
From 1998 to 2004‚ Wellsted was a top-rated analyst at JP
Morgan‚ covering the SA and African gold mining companies and contributed to JP
Morgan’s supply and demand and gold price forecasts. He holds a Bachelor of
Science (Honours) in Geology from the University of Witwatersrand.
Commenting on the appointment‚ Neal Fronemann‚ Sibanye
Gold’s CEO said “James' background as a gold and general mining analyst at JP
Morgan together with his Investor Relations experience and relationships in the
investment community‚ will make him a valuable addition to Sibanye’s executive
Sibanye Gold‚ formerly known as GFI Mining South Africa
Proprietary Limited (GFIMSA)‚ is currently a wholly-owned subsidiary of Gold
Fields [JSE:GFI]‚ which holds the KDC and Beatrix gold mines as well as various service
companies in SA.
Sibanye Gold will be listed as a separate and independent
company on the JSE and the New York Stock Exchange in February 2013.
Sibanye Gold shares will then be distributed to existing
Gold Fields shareholders.
Based on the results for the 12 month period ended December
2011 Sibanye Gold’s gold production was 1.4 million ounces making it one of
SA’s largest domestic gold producers.
Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.