Mindax Limited announced the board appointments with immediate effect: Mr. Yonggang Li is appointed as a non-executive director. He is an experienced Chinese businessman with significant exposure to iron ore mining and the Chinese market in general. Mr. Chenfei Zhuang is appointed as an alternate director to Mr. Li.

Both Mr. Li and Mr. Zhuang have been nominated by a group of associated Mindax shareholders. Their appointments will be subject to normal shareholder approval at the company's 2013 annual general meeting later 2013.