REVIEW OF OPERATIONS

THE BOARD REQUESTED THAT MANAGEMENT "PROGRESS KEY PROJECTS, WHILE CAREFULLY REVIEWING ALL OTHER CAPITAL EXPENDITURE". MANAGEMENT REDUCED ITS CAPITAL BUDGET BY R250 MILLION BY DELAYING SOME REPLACEMENT AND LESS URGENT CAPITAL EXPENDITURE PROJECTS. OF THE R1,2 BILLION SPENT ON CAPITAL EXPENDITURE, R738 MILLION WAS INVESTED IN THE STRATEGIC CAPITAL PROGRAMME.

Quicklinks
   

 

REVIEW OF OPERATIONS: AEL MINING SERVICES EXECUTIVE TEAM

1 TOBIE LOUW (47)
Managing director and a member of AECI's Executive Committee.

2 LIESEL DE VILLIERS (45)
Liesel is the executive director responsible for AEL Southern Africa. She joined the company in 1987 as an engineer-in-training and gained experience in the areas of engineering, IT, supply chain and strategic planning before joining the marketing function and taking up the position of business director in 2005. Liesel also has a BCom degree in economics.

3 WAYNE DU CHENNE (45)
Wayne is executive director – Global Business Services, tasked with establishing and deploying a world class service portfolio across a range of AEL activities. Wayne joined AEL in 1993 as a technical representative and was appointed an explosives engineer in 1995. He played a key role in developing the value-added blasting concept and served as project manager in this area. In 2003, he was appointed managing director: Central Africa, responsible for AEL's businesses in Zambia and the DRC. He took up his current position in 2008. He has completed an MBA degree.

4 RAFAEL FERNANDES (38)
Rafael was appointed AEL's financial controller in 2007 and financial director in 2008. He is responsible for AEL's company finance and IT functions. He is a registered chartered accountant and joined the company in 1996 as financial manager of a wholly-owned subsidiary. Rafael moved to AEL's head office as finance manager and, thereafter, became business accountant. He left in 2001, returning to AEL two years later and continued to provide financial and management support to sales and marketing business units.

5 CYRIL GAMEDE (46)
Cyril joined AEL in 2002 and is executive director of operations. He has an MSc (Eng) degree, an MBA and a qualification in labour law. Cyril's background and experience are in engineering, projects, operations and industrial relations. He has also worked in the FMCG and infrastructure industries.

6 PIET HALLIDAY (57)
Piet joined the company in 1980 after completing a PhD degree in the synthesis of high energy sensitisers for explosives. As executive group director – technology, he has overall responsibility for the technical aspects of AEL's products worldwide. Piet was recently awarded the prestigious International Society of Explosives Engineers' President's Award in recognition of his contribution to the Society and his profession.

7 STUART WADE (52)
Stuart is executive director – AEL Africa. He started his career in the mining industry and joined AEL in 1984. He worked in several senior positions, including managing an independent subsidiary, before taking on his current role in 2000 and being appointed to AEL's executive committee in 2008. As the executive responsible for the Africa business, Stuart has a portfolio of chairmanships and is tasked with directing strategic growth initiatives in Africa.

8 COLIN WILSON (47)
Colin is executive director - AEL International. He joined the company in 1983 as an engineer-in-training and subsequently gained additional experience in explosives manufacture, research, surface and underground mining operations and business management. Colin was appointed to his current position in July 2009 and is responsible for AEL's international growth strategy outside of the African continent.