Caledonia Mining chairman John Kelly to step down, July Ndlovu to succeed

Caledonia Mining (CMCL) announced that John Kelly has notified the board of directors of the company of his intention, as part of the board’s succession plan, to step down as chairman of the board with effect from the end of the annual general meeting of the shareholders of the company to be held on May 5. The board announced that July Ndlovu, currently an independent non-executive director, has offered to become the new chairman. His appointment as chairman is subject to election by the board immediately following the AGM in accordance with the annual chairman election process. An announcement of the new chairman will accompany the announcement of the results of the AGM.