Tuesday, September 11th, 2007
Banro Corporation is pleased to announce a number of senior appointments for its operations in the Democratic Republic of the Congo (the “DRC”) and Toronto.
Daniel K. Bansah, who is currently Banro’s Mineral Resource Manager, is promoted to the position of Vice President, Exploration. He has over 19 years experience in mineral exploration and development in Africa, with a principal focus on resource and ore reserve estimation. Prior to joining Banro in 2004, Mr. Bansah was Group Mineral Resource Manager with Ashanti Goldfields, with responsibilities for the coordination, auditing and compilation of Ashanti’s Mineral Resources and Ore Reserves in Africa. Mr. Bansah, who has a M.Sc in Mineral Exploration with Distinction from the University of Leicester and is a Member of Aus.I.M.M., will continue to be based at the Company’s exploration office in Bukavu, DRC.
Dr. Howard Fall, who has served as Banro’s Chief Geologist since 2005, is promoted to the position of Exploration Manager. He has over 25 years experience as a geologist in Africa, mainly in gold exploration. He has a Ph.D. from Sheffield University in the UK, and has managed exploration programs in Ghana, Burkina Faso, Tanzania and the DRC for Gencor, Billiton, Ashanti Goldfields and AngloGold Ashanti, respectively. Dr. Fall played a principal role in the discovery and exploration of the Yamfo gold trend in Ghana. He is also based at the Company’s exploration office in Bukavu, DRC.
Mr. DÃ©sire Sangara, who has served for three years as the Company’s Administrative Manager, is promoted to the position of Vice President, Government Relations. He has a Masters degree in management from E.D.C. (Paris) and has over 17 years professional experience in the DRC’s exploration and mining sector. He previously held senior positions with the Belgium-Luxemburg mining company, Mindev, and with Ashanti Goldfields, where for seven years he was the company’s country manager. Mr. Sangara will continue to be based in Kinshasa, DRC.
Mr. Donat Madilo, who has served as Banro’s Treasurer since 1998, is promoted to the position of Vice President, Treasury. Mr. Madilo has over 16 years experience in finance and administration. He holds a Bachelor of Commerce (Honors) from Institut SupÃ©rieur de Commerce de Kinshasa, a B.Sc. (Licence) in Applied Economics from University of Kinshasa and a Masters of Science in Accounting (Honors) from Roosevelt University in Chicago. Mr. Madilo will continue to be based in the Company’s head office in Toronto.
Commenting on these appointments, Peter Cowley, Banro’s President and C.E.O., said: “We congratulate Dan, Howard, DÃ©sire and Donat on their promotions, which are exceptionally well-earned and demonstrate the tremendous depth of talent that characterizes Banro’s senior exploration and support management in the DRC and elsewhere. Both Dan and Howard are highly respected in the industry and both have made outstanding contributions to the Company’s successful exploration program. DÃ©sire has performed an excellent job representing the Company in the DRC and Donat has proved invaluable in his role as Treasurer. The appointments will further position the Company to successfully pursue its two-pronged strategy of moving Banro from explorer to gold producer while enhancing the exploration program on the Company’s extensive landholdings on the Twangiza-Namoya gold belt.”
Mr. Bansah replaces Michael Skead, who has resigned from the Company. The Company thanks Mr. Skead for his contribution in helping to set up and advance Banro’s successful exploration program over the past three years. “Mike has been a valued founder member of our exploration team in the DRC and remains a very good friend. We wish him all the best in his future endeavours,” said Mr. Cowley.