Kumba Iron Ore appoints Terence Goodlace as Chairman
Kumba Iron Ore Limited
A member of the Anglo American plc group
(Incorporated in the Republic of South Africa)
(Registration number 2005/015852/06)
Share code: KIO
('Kumba' or 'the Company')
KUMBA IRON ORE APPOINTS TERENCE GOODLACE AS CHAIRMAN
Kumba announces the appointment of Mr Terence Goodlace as Chairman of the Kumba board of directors
('Board') with effect from 23 June 2021. Mr Goodlace has considerable mining experience and has served on the
Board for the last four years as an independent non-executive director. Mr Goodlace succeeds Dr Mandla Gantsho
who retired following the Company’s Annual General Meeting on 14 May 2021.
Kumba CEO, Themba Mkhwanazi, said, 'On behalf of the Board and management team, we congratulate Terence
on his appointment as Chairman of the Board. Terence has exceptional mining, corporate governance, and
commercial experience. As a a widely respected leader in the South African mining industry, his demonstrable
commitment to health, safety, operational excellence and innovation adds to the quality of our board discussions.
The Board and management team look forward to his leadership as Chairman and drawing further on his
knowledge and insights'.
Terence was appointed to the Board in March 2017 and has served as the Lead Independent Director. He also
serves as Chairman of the Strategy and Investment Committee and as a member of the Social, Ethics and
Transformation Committee, Human Resources and Remuneration Committee, Audit Committee and the
Nominations and Governance Committee. He has stepped down as a member of the Audit Committee and as
Lead Independent Director with effect from 23 June 2021.
Terence’s mining career commenced in 1977 and has spanned more than 40 years. He spent the majority of his
career at Gengold (merged with Gold Fields South Africa to become Gold Fields Limited in 1998) where he
progressed through the ranks to become the Chief Operating Officer in 2008. He was appointed as Chief
Executive Officer of Metorex Limited in 2009. In 2012, he joined Impala Platinum Limited as Chief Executive
Officer where he served on the Impala Platinum Limited board of directors for more than six years, two of which
were as an independent non-executive director. Terence has extensive experience in leading underground and
open-pit mining operations in Africa, South America and Australia.
Terence currently serves as an independent non-executive director on the boards of Gold Fields Limited, AfriTin
Mining Limited and is the chairman of Southern Palladium Limited.
Terence Goodlace said: 'I am delighted to be appointed as Chairman of Kumba as the Company continues its
focus on unlocking its full potential. As Africa’s largest iron ore producer, Kumba is uniquely positioned to continue
producing premium products for its global customers while delivering sustainable value for all its stakeholders. I
look forward to continuing to work with the Board and the management team, led by Themba, as we work on
further advancing Kumba’s strategic and operational objectives.'
24 June 2021
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
For further information, please contact:
Ms Fazila Patel
Tel: +27 683 7060
Mobile: +27 83 297 2293
Penny Himlok Sinah Phochana
Tel: +27 12 622 8324 Tel: +27 12 683 7019
Mobile: +27 82 781 1888 Mobile: +27 76 066 0655
Notes to editors:
Kumba Iron Ore Limited, a member of the Anglo American plc group, is a leading value-adding supplier of high
quality iron ore to the global steel industry. Kumba produces iron ore in South Africa at Sishen and Kolomela
mines in the Northern Cape Province. Kumba exports iron ore to customers in a range of geographical locations
around the globe including China, Japan, Korea and a number of countries in Europe and the Middle East.
Anglo American is a leading global mining company and our products are the essential ingredients in almost every
aspect of modern life. Our portfolio of world-class competitive operations, development projects and undeveloped
resources, provides many of the metals and minerals that enable a cleaner, greener, more sustainable world and
that meet the fast growing consumer-driven demands of developed and maturing economies. With our people at
the heart of our business, we use innovative practices and the latest technologies to mine, process, move and
market our products to our customers – and to discover new resources – safely and sustainably.
As a responsible producer of diamonds (through De Beers), copper, platinum group metals, the steelmaking
ingredients of iron ore and metallurgical coal, and nickel – with crop nutrients in development and thermal coal
operations planned for divestment – we are committed to being carbon neutral across our operations by 2040.
We work together with our business partners and diverse stakeholders to unlock sustainable value from precious
natural resources for the benefit of the communities and countries in which we operate, for society as a whole,
and for our shareholders. Anglo American is re-imagining mining to improve people’s lives.
Date: 24-06-2021 03:00:00
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