05 Oct - 8 min read

Changes to the Kumba Board: Kumba appoints Nompumelelo “Mpumi” Zikalala as Chief Executive Officer

Changes to the Kumba Board: Kumba appoints Nompumelelo “Mpumi” Zikalala as Chief Executive Officer

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
ISIN: ZAE000085346

Changes to the Kumba Board: Kumba appoints Nompumelelo “Mpumi” Zikalala as Chief
Executive Officer

The Kumba Board has appointed Mpumi Zikalala as CEO. Mpumi, currently Managing Director
of De Beers Managed Operations, succeeds Themba Mkhwanazi who has been appointed CEO
of Anglo American’s global Bulk Commodities business following the decision of Seamus French
to leave the group after 14 years. Both appointments will take effect on 1 January 2022.

Commenting on Mpumi’s appointment, Terence Goodlace, Chairman of Kumba said: “I am
delighted that the Kumba Board has appointed Mpumi Zikalala as the new CEO of Kumba. Mpumi
will join the Kumba Board as an executive director and brings over 20 years of mining experience,
having started her career as a Chemical Engineering bursar at Anglo American and having held
a number of senior operational and commercial leadership roles at De Beers. Her appointment is
another demonstration of our commitment as a business towards nurturing and supporting the
success of women. We look forward to her leadership in advancing the strategic and operational
aspirations of Kumba”.

Mpumi Zikalala, said of her appointment: “It is a privilege to be appointed as CEO of Kumba. My
focus will be to build on Kumba’s strong safety and operational performance track record,
strengthening strategic partnerships and unlocking further value from the business. I look forward
to joining Kumba’s world class team and contributing to the next phase of Kumba’s journey to be
the most valued company in the eyes of our stakeholders."

Paying tribute to Seamus and Themba’s leadership, Terence said: ““On behalf of the Kumba
Board, we thank Seamus French for his insightful and valuable contributions and wish him all of
the very best in his future. We congratulate Themba Mkhwanazi and thank him for his enormous
contribution to Kumba over the last five years. Through his leadership of excellence and
collaboration with stakeholders, Themba successfully led the development and implementation
of the Tswelelopele strategy that has transformed the business and delivered significant value to
our wide range of stakeholders, not least our host communities. Themba will remain on the Kumba
Board as a non-executive director in his new role.”

Themba Mkhwanazi said: “I’m grateful for the opportunity to contribute meaningfully to Kumba
over the last five years and would like to thank each of Kumba’s employees, contractors and
members of the executive team for their commitment to Kumba’s success. My appreciation also
extends to the Kumba Board for their support and guidance. In the process of delivering our
strategic ambitions, the Kumba team has built a great business with exciting prospects. I wish
Mpumi well as she takes up the role as CEO. I also look forward to my new role and collaborating
with partners and stakeholders across Anglo American’s broader Bulk Commodities businesses.
My focus will continue to be on safe, responsible production and playing our role in our drive
towards cleaner steelmaking using our premium quality iron ore and met coal and working with
partners on new steelmaking technologies.”

5 October 2021

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

For further information, please contact:
Company Secretary
Fazila Patel
Tel: +27 12 683 7060
Mobile: +27 83 297 2293

Investors                                        Media
Penny Himlok                                     Sinah Phochana
penny.himlok@angloamerican.com                   sinah.phochana@angloamerican.com
Tel: +27 12 622 8324                             Tel: +27 12 683 7019
Mobile: +27 82 781 1888                          Mobile: +27 76 066 0655
Notes to editors:

Mpumi Zikalala
Mpumi Zikalala, age 42, was appointed Managing Director of De Beers Managed Operations in
2019, with responsibility for De Beers operations in South Africa and Canada. Mpumi began her
career as a De Beers Group bursar and joined the company as a process engineer. She was
appointed General Manager at De Beers’ Kimberley Mines in 2007, becoming the company’s first
female General Manager. In 2010, she was appointed General Manager of Voorspoed mine and
later became Senior Vice-President of De Beers Sightholder Sales South Africa, the company
that sorts, values and sells all De Beers Group production in South Africa. In 2017, Mpumi was
appointed Deputy MD of De Beers Consolidated Mines.

Mpumi holds a BSc in chemical engineering from the University of the Witwatersrand, South
Africa. Mpumi currently serves as a Trustee at the University of Johannesburg Trust and is also
the Chairperson of the Private Sector Forum of SANAC (South African National AIDS Council).
She has previously served as a non-executive director of a number of organisations, including
the Black Management Forum and Mintek.

Themba Mkhwanazi
Themba Mkhwanazi, age 51, was appointed CEO of Kumba in 2016, having served as CEO of
Anglo American’s thermal coal business in South Africa since 2014. Prior to joining Anglo
American, Themba was Regional General Manager for Technology and Innovation for the
Americas for Rio Tinto, having also worked at Rio Tinto’s coal business in Australia and as COO
of Richards Bay Minerals, a joint venture between Rio Tinto and BHP Billiton in South Africa.
Themba serves as a non-executive director of Aspen Pharmacare Holdings Limited, is Chairman
of Mining Dialogues 360 and Vice President of the Minerals Council South Africa, where he also
chairs the CEO Zero Harm Forum. In his new role, Themba will continue to serve on the Kumba
Board, as a non-executive director. Mr Mkhwanazi holds a Bachelor of Engineering (Hons) in
Chemical Engineering from Teesside University, UK.


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, with a
broad range of future development options, provides many of the future-enabling metals and
minerals for a cleaner, greener, more sustainable world and that meet the fast growing every day
demands of billions of consumers. With our people at the heart of our business, we use innovative
practices and the latest technologies to discover new resources and to mine, process, move and
market our products to our customers – safely and sustainably.

As a responsible producer of diamonds (through De Beers), copper, platinum group metals,
premium quality iron ore and metallurgical coal for steelmaking, and nickel – with crop nutrients
in development – we are committed to being carbon neutral across our operations by 2040. More
broadly, our Sustainable Mining Plan commits us to a series of stretching goals to ensure we work
towards a healthy environment, creating thriving communities and building trust as a corporate
leader. We work together with our business partners and diverse stakeholders to unlock enduring
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.


Forward-looking statements:

This announcement includes forward-looking statements. All statements other than statements
of historical facts included in this announcement, including, without limitation, those regarding
Anglo American's financial position, business, acquisition and divestment strategy, dividend
policy, plans and objectives of management for future operations (including development plans
and objectives relating to Anglo American's products, production forecasts and Ore Reserves
and Mineral Resource estimates) and environmental, social and corporate governance goals
and aspirations, are forward-looking statements. By their nature, such forward-looking
statements involve known and unknown risks, uncertainties and other factors which may cause
the actual results, performance or achievements of Anglo American, or industry results, to be
materially different from any future results, performance or achievements expressed or implied
by such forward-looking statements.

Such forward-looking statements are based on numerous assumptions regarding Anglo
American's present and future business strategies and the environment in which Anglo
American will operate in the future. Important factors that could cause Anglo American's actual
results, performance or achievements to differ materially from those in the forward-looking
statements include, among others, levels of actual production during any period, levels of global
demand and commodity market prices, mineral resource exploration and development
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incidents, the effects of global pandemics and outbreaks of infectious diseases, the outcome of
litigation or regulatory proceedings, the availability of mining and processing equipment, the
ability to produce and transport products profitably, the availability of transportation
infrastructure, the impact of foreign currency exchange rates on market prices and operating
costs, the availability of sufficient credit, the effects of inflation, political uncertainty and
economic conditions in relevant areas of the world, the actions of competitors, activities by
courts, regulators and governmental authorities such as in relation to permitting or forcing
closure of mines and ceasing of operations or maintenance of Anglo American's assets and
changes in taxation or safety, health, environmental or other types of regulation in the countries
where Anglo American operates, conflicts over land and resource ownership rights and such
other risk factors identified in Anglo American's most recent Annual Report. Forward-looking
statements should, therefore, be construed in light of such risk factors and undue reliance
should not be placed on forward-looking statements.

These forward-looking statements speak only as of the date of this announcement. Anglo
American expressly disclaims any obligation or undertaking (except as required by applicable
law, the City Code on Takeovers and Mergers, the UK Listing Rules, the Disclosure and
Transparency Rules of the Financial Conduct Authority, the Listings Requirements of the
securities exchange of the JSE Limited in South Africa, the SIX Swiss Exchange, the Botswana
Stock Exchange and the Namibian Stock Exchange and any other applicable regulations) to
release publicly any updates or revisions to any forward-looking statement contained herein to
reflect any change in Anglo American's expectations with regard thereto or any change in
events, conditions or circumstances on which any such statement is based. Nothing in this
announcement should be interpreted to mean that future earnings per share of Anglo American
will necessarily match or exceed its historical published earnings per share.

Certain statistical and other information about Anglo American included in this announcement is
sourced from publicly available third-party sources. As such, it has not been independently
verified and presents the views of those third parties, though these may not necessarily
correspond to the views held by Anglo American and Anglo American expressly disclaims any
responsibility for, or liability in respect of, such information.

Date: 05-10-2021 08:00:00
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