Minergy Limited says its Chief Executive Officer, Andre Boje has decided to retire with effect from 31 July 2019 and step back from executive and operational responsibilities at the junior miner. In a filing the company revealed that Boje he will retain his position and responsibility as an Executive Director on the Board of Directors until 31 July 2019.

“Andre remains committed to bringing the Masama Coal Project to full production in the next few months and this notice period allows sufficient time to ensure a smooth handover,” said the developer of Masama coal mine.

“As from 1 August 2019, Andre will retain oversight and strategic responsibility for group coal marketing and sales for a period of 12 months and will furthermore remain part of the Minergy team tasked with ensuring the successful listing of Minergy on AIM (Alternative Investment Market of the London Stock Exchange), scheduled for the end of 2019.”

Minergy said retaining Boje’s expertise will allow a smooth transition and cement the establishment of the Masama Coal Project and CEO succession.

“The board would like to thank Andre for his inspirational leadership in the establishment of the Masama Coal Project. His vision and drive for the establishment of a commercial coal mining sector in Botswana will form part of his legacy. The board will commence the process of appointing a new CEO and inform the market of an appointment”.

The board has, as an interim measure, appointed Morné du Plessis, the current Chief Financial Officer, as acting CEO with effect from 1 August 2019 until the appointment of a new CEO has been finalised.