Peter joined the Anglo American Gold Division in 1980 after completing his BSc in Mining Engineering at Wits University. He worked as a production official (Shift boss, Mine Overseer and Shaft Manager) from 1988 to 1992. During 1993 Peter studied for his MBA at Wits Business School. From 1994 till 1995 Peter was a gold analyst for Fergusson Bro’s, Hall Stewart and Co. In 1995, Peter joined the Corporate Finance Division of Rand Merchant Bank. He co-founded RMB Resources, providing technical mining expertise and valuation skills. He was involved in the majority of resources related corporate finance transactions in South Africa, leading a team of corporate finance professionals. RMB Resources’ clients included many of the large mining houses - Gold Fields, Anglo Platinum, Impala Platinum, the Randgold/JCI group, Amcoal and Billiton. In addition to his mergers and acquisition activities, from 1997 Peter managed RMB’s mining private equity portfolio.

In 2002, Peter left RMB Resources to start QuestCo as an independent corporate finance advisory company.

A selection of the transactions Peter has been involved with during his career are set out below:

MERGERS AND ACQUISITIONS

• The acquisition by the Bakwena BaMogopa of a 26% interest in Xstrata’s vanadium assets (2006/7)
• The restructuring and formation of DRDGOLD’s South African Operations and an associated Black Economic Empowerment transaction (2005)
• The reverse takeover by Pelawan Investments of Anooraq Resources, a Canadian listed platinum company (2004)
• The establishment of the Ga Phasha Platinum Group Metals Project joint venture between Pelawan Investments and Amplats (2003)
• The financing by RMB of Audax Manganese (2001)
• Financial and strategic advisor to Mmakau Mining regarding the potential acquisition of coal assets from Ingwe (2001)
• The merger of Amplats, Rusplats, PPRust and Lebowa Platinum into Anglo American Platinum Corporation (1997)
• The acquisition by Durban Deep of Buffelsfontein and Blyvooruitzicht (1997)
• The acquisition by Harmony of Cons Modder Gold and Grootvlei (1997)
• The acquisition by Harmony of Unisel Gold Mine from Gencor (1996)
• The acquisition by Harmony of certain mineral rights (1996)
• The acquisition by Blyvooruitzicht Gold Mine of Doornfontein Gold Mine (1995)
• The acquisition by Rhoex Vanadium of the minority shareholding in Rhovan (1995)

DISPOSALS

• The disposal by DRDGOLD’s subsidiary Emperor of the 20% interest held in the Porgera gold mine to Barrick Gold Corporation (2007)
• The unbundling and liquidation of Gold Fields of South Africa (2000)
• The creation of Eyesizwe through the disposal of Ingwe and Anglo Coal's coal assets (1999)
• The disposal of Iscor’s non-core assets (RSH and Steelserv) (1999)
• The disposal of Anglo American’s non-core assets (ZimCo and Vereeniging Refractories) (1999)
• The disposal of Trans Hex’s Lime Division (1999)
• The disposal by Gold Fields of South Africa of GFCoal (1998)
• A scheme of arrangement for Buffelsfontein Gold Mine (1996)

INDEPENDENT EXPERT’S OPINIONS

• Independent adviser for the valuation of the listing of the uranium assets of Simmer & Jack on the TSX as First Uranium Corporation (2006)
• Independent expert’s opinion on the warrants in the R1,4 billion bookbuild for Harmony and participation in the bookbuild (2001)
• Independent adviser to the minority shareholders of Messina regarding the offer from Southern Era (2000)
• Independent adviser to the Randfontein directors regarding the hostile offer from Harmony (2000)
• Opinion to the Anglo American Industrial Corporation directors when Anglo American acquired minority shareholdings (1999)
• Independent adviser to the directors of Randfontein, Barnex, Randgold, Randgold Resources and JCI Gold in the attempted restructuring of the JCI group (1999)
• Independent adviser to the directors of Ingwe in the minority buyout by Billiton (1998)
• Independent adviser to the directors of Amcoal in the minority buyout by Anglo American (1998)
• Independent adviser to the minorities of Gold Fields of South Africa regarding the merger of its gold interests into Gencor (1997)

STRATEGIC ADVISORY WORK

• Financial and strategic advice to DRDGOLD (2002 - 2007)
• Financial and strategic advice to the Royal Bafokeng Nation in the joint venture with Amplats (2002)
• Financial and strategic advice to the Addyx and Oryx Oil Group regarding its Tanzanian oil interests (2002)

CAPITAL RAISING AND STRUCTURING

• The consolidation and listing by DRDGOLD of its offshore operations into Emperor Mines Limited and an associated capital raising (2006)
• The R70 million debt capital raising for Anooraq (2006)
• Over R400 million equity capital raisings for DRDGOLD (2003-2006)
• Capital raising for DRDGOLD by way of a claw-back offer and an issue of shares for cash to Baker Steel hedge funds (2005)
• A capital raising and the acquisition of 20% of the Porgera Gold Mine in Papua New Guinea by DRDGOLD (2003/4)
• The rights offer for Messina (2002)
• Structuring and financing of the acquisition by East Daggafontein Mines of R152 million convertible debentures in Trans Hex (2002)
• Provision of advice to Sustainable Forestry Management regarding potential for capital raising (2002)

BLACK ECONOMIC EMPOWERMENT TRANSACTIONS

• The R70 million debt capital raising for Anooraq (2006)
• The secondary listing of Anooraq on the JSE (2006)
• The restructuring and formation of DRDGOLD’s South African Operations and an associated Black Economic Empowerment transaction (2005)
• The reverse takeover by Pelawan Investments of Anooraq Resources, a Canadian listed platinum company (2004)
• The establishment of the Ga Phasha Platinum Group Metals Project joint venture between Pelawan Investments and Amplats (2003)
• Financial and strategic advisor to Mmakau Mining regarding the potential acquisition of coal assets from Ingwe (2001)

LISTINGS

• The secondary listing of Anooraq on the JSE (2006)
• The reverse listing of the assets of Mvelaphanda Holdings into East Daggafontein (2001)
• The acquisition by Crown Consolidated Gold Recoveries of Knights and its subsequent listing (1997)