MEIKLES LIMITED
NOTICE TO SHAREHOLDERS
MEIKLES CONCLUDES MINING STRUCTURES
Further to the expectation announced in our recent Chairman's Review,
shareholder agreements pertaining to our mining objectives have now been
concluded.
A new company to be named Meikles Centar Mining (Private) Limited has been
formed. This company will be controlled by Meikles to ensure that the entity is
compliant with the Zimbabwe Indigenisation and Empowerment laws.
Centar is a mining company founded by Ian Hannam and Jan Kulczyk and supported
by a number of prominent and highly experienced investors from countries
including Thailand, Indonesia, Poland, Kazakhstan, and elsewhere. It was
founded initially to develop mining assets in Afghanistan in partnership with a
highly respected Afghan businessman. It is leading the way in the development
of that country's mining industry as it emerges from years of conflict, using
foreign and Afghan capital, foreign technical experts and Afghan staff. Its
Afghan businesses employ over 500 local staff, supported on the ground at any
one time by 15 ex-pat technical experts - the majority of whom are Zimbabwean
nationals. These businesses include Afghanistan's only Drilling and Exploration
Services Company and Afghanistan's only Mineral Assay laboratory. It also
includes an exploration company that is now exploring a gold prospect in the
north of the country as well as being short-listed in a government tender as
the preferred candidate to explore and develop 2 copper exploration licences,
and a Joint Venture with a Turkish Mining Company that has itself been
short-listed to develop 4 more gold exploration licences there.
Centar has a carefully selected in-house technical team, with years of
experience in exploration and mining of most minerals in many different
countries in the world. This includes the requisite experience to develop
projects at every stage of the mining life cycle, and in all environments. It
is also a proven leader in drawing upon or building local capacity and skills
as a core part of its method of operation. They are also supported by an
experienced finance and commercial team with a long and successful track record
of financing worldwide mining projects of every scale. They will work with the
Meikles team to develop identified opportunities in gold, tantalite and iron
ore. Further opportunities will also be explored. It is expected that at least
one mine will be in operation in early 2014.
At the forthcoming Meikles Limited Annual General Meeting shareholder approval
will be sought to include mining resources in the business of the Company.
COMPANY SECRETARY
24 June 2013
Directors: JRT Moxon (Chairman); R Chidembo; B Chimhini*; O Makamba*; K Ncube*;
ML Wood*;
* Executive
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