VANCOUVER,
Feb. 1, 2012 /PRNewswire/ - Anooraq
Resources Corporation ("Anooraq" or the "Company") (TSXV: ARQ; NYSE
Amex: ANO; JSE: ARQ) and Anglo American Platinum ("Amplats") today
confirm the appointment of Mr. Dawid
Stander as Managing Director of Bokoni Platinum Mines with
effect from 1 February 2012.
Mr. Stander has 32 years of experience in the
South African mining sector, having held senior positions at both
mine and executive level at BHP Billiton (Samancor), Anglo American
Platinum (Lebowa Platinum Mines) and Impala Platinum. He holds a
Mine Manager's Certificate of Competency and is a Registered
Professional Engineer.
Mr. Stander led the Bokoni Platinum Mines
(formerly Lebowa Platinum Mines), in his capacity as General
Manager, between 2001 and 2005. During this period Bokoni Platinum
Mines expanded its annual production base by 100% from 100,000 PGM
ounces to 200,000 PGM ounces.
Anooraq's Chief Executive Officer, Harold Motaung, and Vishnu Pillay, the Executive
Head of Anglo American Platinum's Joint Venture Operations,
commented:-
"We are pleased to have secured the appointment
of Dawid to lead the Bokoni Mines into its new and exciting growth
phase. Dawid has a strong track record and extensive industry
experience. Under his previous leadership at Bokoni Mines, the
operations enjoyed significant growth, together with improvements
in safety, operational and financial performance. The joint venture
partners support his appointment as Managing Director and look
forward to a successful future at Bokoni Mines under his
leadership."
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release. The NYSE Amex has neither
approved nor disapproved the contents of this press release.
Cautionary and forward-looking
information
This document contains "forward-looking
statements" that were based on Anooraq's expectations, estimates
and projections as of the dates as of which those statements were
made, including statements relating to the Bokoni Group transaction
and anticipated financial or operational performance. Generally,
these forward-looking statements can be identified by the use of
forward-looking terminology such as "may", "will", "outlook",
"anticipate", "project", "target", "believe", "estimate", "expect",
"intend", "should" and similar expressions.
Anooraq believes that such forward-looking
statements are based on material factors and reasonable
assumptions, including the following assumptions: that the Bokini
Group transaction will receive the necessary regulatory approvals
and complete in a timely manner.
Forward-looking statements are subject to known
and unknown risks, uncertainties and other factors that may cause
the Company's actual results, level of activity, performance or
achievements to be materially different from those expressed or
implied by such forward-looking statements. These include but are
not limited to uncertainties related to the completion of the
Bokoni Group restructure and refinancing in a timely manner, if at
all; and risk that the necessary regulatory and other approvals for
the Bokini Group transaction will not be received in a timing
manner.
For further information on Anooraq, investors
should review the Company's annual Form 40-F filing with the United
States Securities and Exchange Commission www.sec.gov and annual
information form for the year ended December
31, 2010 and other disclosure documents that are available
on SEDAR at www.sedar.com.
SOURCE Anooraq Resources Corporation