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CoAL appoints Investec’s Meeser as CFO

17th April 2013

By: Natalie Greve

Creamer Media Contributing Editor Online

  

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JOHANNESBURG (miningweekly.com) – Coal of Africa (CoAL) has appointed Investec Africa project, infrastructure, commodity and resource finance division head Michael Meeser as CFO and executive director from June 1, the company said in a statement on Wednesday.

Meeser is a qualified chartered accountant and has over 20 years’ extensive local and international experience in project finance.

He spent six years in London working for Edison Mission Energy, a company that developed, owned and operated independent power projects worldwide and had interests in more than 50 power projects, with assets of over $4-billion.

In 1998, Meeser joined Investec Bank’s project and infrastructure finance business within its capital markets division and is currently a member of the project, infrastructure, commodity and resource finance division’s executive committee.

CoAL chairperson David Brown said in a statement that he welcomed Meeser to the group during a challenging, yet exciting, period of the company’s development.

“Michael brings a suite of unique skills that will enable the management to further strengthen the company’s balance sheet as we bring our coking and thermal coal projects to account. As a board, we are keen to ensure that we execute on the key milestones necessary for shareholder value growth," he commented.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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