Pathfinder Minerals plc: September 2014

Tuesday 30 September 2014

Response to Pathfinder Minerals plc Half Yearly Report

30 September 2014

The Owners of CMdN, General Veloso and Diogo Cavaco, have noted the statements by Henry Bellingham, the Chairman of Pathfinder in the recent half yearly report of Pathfinder. It is disappointing that Mr Bellingham, a former Minister of the British Crown, has chosen to issue an incomplete and therefore misleading statement to the market despite having recently been made aware of the full facts of the dispute.

Legal proceedings in Mozambique

General Veloso is a highly distinguished Mozambican who, after a decorated career in the armed forces following the country's independence, held many prominent government positions, including Minister of State Security, General Director of the Intelligence Services, Minister of Economic Affairs and Minister of International Cooperation. From 2003-2009 he was Chairman of the Mozambique Chamber of Commerce.

General Veloso is an adviser to the President of the Republic of Mozambique and a member of the National Defence and Security Council. He has acted as the President of the Republic of Mozambique's envoy on numerous occasions, mainly in the matters of the establishment of peace in Mozambique and Angola, the end of apartheid in South Africa and Namibian independence. General Veloso was the chairman of the Government Commission that negotiated the M'Komati Accord of "good neighbourliness and non-aggression" with the Republic of South African 1984. He remains, today, the President of the South Africa-Mozambique Friendship Association.