Schutte, aged 44, is a chartered accountant and completed an MBA at the University of Virginia in 2002.
He has been involved at the senior level in the mining and natural resources industry for the past 16 years, most notably as managing director of natural resources at Macquarie Bank and CFO at the platinum producer Atlatsa Resources Corporation.
Prior to these positions, Schutte worked for Harmony Gold Mining as its new business and exploration executive for a period of three years.
CoAL CEO David Brown said he was delighted to have Schutte on board as the company entered the exciting stage of Makhado's development, its hard-coking and thermal coal project in Limpopo.
"De Wet's experience is perfectly suited to assist CoAL in the search and execution of a strategic partner and funding for this flagship project. His wealth of experience will be vital as we look to fulfil our strategy of becoming a significant coking coal producer in South Africa. His experience in the sector will help to develop options for the company," Brown said.
Source: INET BFA
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