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02.12.2008


New African Mining: Investment by a member of the senior management as of December 1st 2008.

Dear New African Mining shareholder

New African Mining is proud to announce an investment by a member of its senior management Deon Kotze, Chief Operating Officer has invested R 3 M into New African Mining which was recently de-listed from the Frankfurt stock exchange. The investment was made at 70c / US $ which amounts to 421,400 shares.

While the global economic downturn and recession has affected every segment of the market and all industries, senior management is confident that New African Mining is well positioned to weather the ... [ more ]