Firestone noted Matthee’s 20 years of corporate and business management experience in the defence technology and mining sectors.
Before joining Johannesburg-based Sekoko in January 2007, Matthee served as executive and chief financial officer of South African mining group Khusela Women Investments.
Through a joint venture with Sekoko, Firestone has acquired the right to 60% participation interest in the Waterberg coal project in South Africa’s northern Limpopo province.
The first stage of the project will include development of the Smitspan coal project (thermal) and the Vetleegte project (metallurgical).
Firestone’s holdings in the Waterberg coalfield comprise eight farms over 8000 hectares with a proven JORC-compliant resource of 1.8 billion tonnes of coal.