Pan African Mining Corp. Promotes Key Malagasy Executives Ramboasalama and Rakotomalala With Expanded Duties

PAN AFRICAN MINING CORP. (TSX-V: PAF) (FRANKFURT: P2A) (the "Company") is pleased to announce that it has promoted Mr. Fafah Ramboasalama to the newly created position of Southern Africa Regional Manager, at the same time as he retains his local position as Resident Manager in Madagascar. In addition, Mr. Olivier Rakotomalala has been promoted to Associate Resident Manager in Madagascar, while also retaining his position as Technical Director.

This restructuring of management responsibilities reflects the rapid growth now taking place within the Company as a result of expansion of the Company's programs onto the African continent. In addition to five projects across the mineral spectrum in development in Madagascar, the Company now has two active gold projects in Mozambique and diamond permits pending in Botswana and Namibia.

Mr. Ramboasalama is an Environmental Engineer who has overseen a wide variety of projects in Madagascar in both the public and private sectors, with over 8 years' experience in rural agricultural development and environmental management. He has also served as the National Program Director of Masoala National Park, Madagascar's largest nature reserve. In addition, he worked for 3 years with the Financial Company for Industry and Trade (COFIC), where he was responsible for developing agri-business investment projects, and for CARE International, the well-known NGO. Mr. Ramboasalama has extensive experience in designing and managing environmental and natural resource programs and other community development activities. He received his Bachelors degree in Agronomics from the University of Antananarivo, in Madagascar. He has served as the Company's Resident Manager in Madagascar for the past four years.

Working closely with him is Olivier Rakotomalala, a Civil Engineer who is among Madagascar's leading GIS experts with over 10 years' experience in design, implementation and exploitation of geographic databases. These skills are invaluable in connection with the Company's mining exploration activities. His prior experience includes a position with The National Geographic Institute of Madagascar, where he was responsible for acquisition and management of data from surveying, aerial photography, remote studies and the like. He also worked for several years for CARE International, where he was responsible for designing, monitoring and evaluating social and economic development projects of that organization. He joined the Company in 2003 as its Technical Director and has overseen the Company's mining claims acquisition and management of its properties in Madagascar. Mr. Rakotomalala received his B.Sc. degree in Geography from the National Geographic School of Paris, and subsequently got his Civil Engineering diploma from the Polytechnical School of the University of Antananarivo.

According to Irwin Olian, CEO of the Company, "Fafah and Olivier have contributed greatly to our success in Madagascar, and it is a pleasure to see them taking on more responsibility. They have exhibited professionalism, integrity, good judgment and a strong work ethic, qualities that will enable them to continue to take a leadership role within our organization and within the mining industry in Africa. Pan African is committed to providing opportunities for all our Malagasy staff to experience strong career development, with appropriate rewards in terms of growth in responsibility, visibility, remuneration, discretion and skills. It is very gratifying to see this personal growth within our own staff, which will help ensure the long-term success of our organization."

About Pan African

The Company is an exploratory resource company with approximately 10,000 square kilometres of diversified mineral properties and 5,500 square kilometres of uranium properties in Madagascar. The Company is exploring these properties for gold, coal, uranium, precious stones, base metals and industrial commodities. In addition, the Company is exploring two properties for gold and metals in Mozambique under a Joint Venture. Its operations in Madagascar are carried out through its operating subsidiary, PAM Madagascar Sarl, and its uranium activities are carried out through its 80% owned subsidiary PAM Atomique Sarl. The Company has offices in Vancouver, Canada and Antananarivo, Madagascar. More information about the Company is available at www.panafrican.com

ON BEHALF OF THE BOARD OF DIRECTORS OF
PAN AFRICAN MINING CORP.
"Irwin Olian"
Irwin Olian
Chairman & CEO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of the information contained herein. The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties. Actual events or results may differ from the Company's expectations.
Distributed by Filing Services Canada and retransmitted by Market Wire
For more information, contact:Irwin OlianPresident and CEOE-mail: Email ContactPhone: (604) 899-0100Fax: (604) 899-0200Tom KinakinCorporate Communications - VancouverEmail: Email ContactPhone: (604) 899-0100Fax: (604) 899-0200Carrie HowesCorporate Communications - LondonEmail: Email ContactPhone: 7780-602-788Pan African Mining Corp.Suite 1925, Box 11553650 West Georgia StreetVancouver, BCV6B 4N8

By: Marketwire .
Feb. 23, 2007 06:11 PM

Comments

Post a Comment

Popular posts from this blog

IMF Executive Board Discusses the First Assessment of Eligible Countries under the Multilateral Debt Relief Initiative

On December 21, 2005 the Executive Board of the International Monetary Fund (IMF) established the list of countries that qualify for debt relief from the Fund under the Multilateral Debt Relief Initiative (MDRI). Debt relief delivery, which could start as soon as January 3, 2005, is now conditional on getting the consents of all the contributors to the Subsidy Account of the Poverty Reduction and Growth Facility (PRGF) Trust, whose contributions help finance the Initiative. The MDRI will deliver debt relief from the Fund to qualifying members countries with an annual per capita income at or below US$380, and to countries above the threshold that have reached the completion point under the Heavily Indebted Poor Countries (HIPC) Initiative. The implementation of the MDRI will reduce the external debt burden of a number of the world's poorest countries and will provide additional resources to help them reach the Millennium Development Goals (MDGs). Background The Executive Board appro...
Read more

Oil’s chaotic collapse deepens; stocks drop worldwide

Image
NEW YORK (AP) — Oil prices crumpled even further Tuesday, and U.S. stocks sank to their worst loss in weeks as worries swept markets worldwide about the economic carnage caused by the coronavirus pandemic. The market’s spotlight was again on oil, where prices have plummeted because very few people are flying or driving, and factories have shut amid widespread stay-at-home orders. Global demand is set to drop to levels last seen in the mid 1990s. At the same time, oil producers can’t slow their production fast enough, and all the extra crude means storage tanks are quickly running out of room. The cost for a barrel of U.S. oil to be delivered in June plunged 43% to $11.57. That’s the part of the market that oil traders are focused on and trading most actively. For oil to be delivered next month, which is when storage tanks could top out, the cost of a barrel stood at $10.01. A day earlier, it fell below zero for the first time, meaning traders paid others to take oil off their hand...
Read more

Mapping Extreme Poverty Around the World A new report from the

Image
A new report from the  World Bank  just landed, finding that a record low of 10% of humanity now live in extreme poverty, down from 11% in 2013. But poverty rates aren’t anywhere close to equal between continents or even countries, as our new series of maps clearly demonstrates. The World Bank provides an in-depth explanation for its methodology, which you can find in Appendix A of the full report  here . We focused on the percentage of people in each country living below what the World Bank defines as extreme poverty, or $1.90/day. We’ll let the researchers defend this definition on their own, but there is one caveat to keep in mind. It can be extraordinarily difficult to collect reliable data from so many countries on a regular basis, and in fact we used the latest year in which numbers were available whenever possible. For example, in some of these maps we compare 2011 figures against 2015. In short, our maps provide the clearest possible apples-to-apples compa...
Read more