Emmerson PLC Appointment of Mining Industry Veteran as Chairman (1612T)
02 July 2018 - 4:00PM
UK Regulatory
TIDMEML
RNS Number : 1612T
Emmerson PLC
02 July 2018
Emmerson Plc / Ticker: EML / Index: LSE / Sector: Mining
2 July 2018
Emmerson Plc ("Emmerson" or the "Company")
Appointment of Mining Industry Veteran as Chairman
Emmerson Plc, the Moroccan focused potash development company,
is pleased to announce that it has appointed Mr Mark Connelly as
Chairman of the Board. Mr Connelly is an internationally
experienced executive with financial, commercial and extensive
resource industry experience in CEO, Managing Director and Chairman
roles. Mr Edward McDermott, the Company's current Non-Executive
Chairman will remain as a Non-Executive Director.
Mark has approximatley 30 years' experience in financing,
development, construction and operation of mining projects having
worked with a number of multinational companies across multiple
jurisdictions globally including Africa, Europe, Australia, North
America and South America. His most recent executive role was as
Managing Director and CEO of Papillon Resources Limited
("Papillon") which was sold to B2Gold in 2014 for nearly US$600
million.
Prior to Papillon, Mr Connelly was Managing Director of Adamus
Resources Limited and was instrumental in its merger with Endeavour
Mining Corporation in September 2011, where, following the
transaction, which valued the combined entity at US$597 million, Mr
Connelly became Chief Operating Officer.
Mark has held leadership positions overseeing the construction
of numerous mining operations in Africa including the Fekola
Project (B2Gold), Mako Project (Toro Gold) and Nzema Project
(Endeavour Mining). Mr Connelly was the recipient of the Mining
Journal's "Outstanding Achievement - CEO of the Year 2014 Award"
for his role in the development and sale of Papillon Resources.
Mark is currently Non-Executive Chairman at ASX / TSX-V listed
West African Resources Ltd, Tao Commodities Ltd and Calidus
Resources Limited, former Non-Executive Chairman of Tiger Resources
Ltd, and a former Non-Executive Director at Ausdrill Ltd. Mark is
also a Member at Australian Institute of Co. Directors, (MAICD) a
Member of the Australian Institute of Management, (AIMM) and a
Member of the Society of Mining, Metallurgy and Exploration
(SME).
Hayden Locke, Executive Director of Emmerson, commented:
"Mark is a seasoned mining veteran and we are honoured to have
him join our Board as Chairman. He has extensive experience
operating in Africa and has assumed leadership roles in the
delivery of numerous large scale African mining projects. He brings
a wealth of knowledge, experience and mining industry contacts to
the Emmerson team at this critical time as we commence on the
development pathway for the Khemisset Potash Project, which we
believe has the potential to be a low capital cost potash
mine."
Mark Connelly commented:
"I look forward to working with the Emmerson team to advance the
exciting Khemisset Project and to maximise returns for all
shareholders."
Regulatory Information: Mr Mark Anthony Connelly, aged 55,
currently holds or has held the following directorships and
partnerships in the last five years:
Current Directorships / Partnerships Directorships / Partnerships
with the last 5 years
West African Resources Ltd Papillon Resources Limited
-----------------------------
Calidus Resources Limited B2Gold Corp.
-----------------------------
Tao Commodities Limited Toro Gold Limited
-----------------------------
Adamus Resources Limited
-----------------------------
Endeavour Mining Corporation
-----------------------------
Ausdrill Limited
-----------------------------
Tiger Resources Limited
-----------------------------
Cardinal Resources Limited
-----------------------------
Manas Resources Limited
-----------------------------
**ENDS**
For further information,
please visit
www.emmersonplc.com,
follow us on
Twitter (@emmerson_plc),
or contact: Emmerson Plc Tel: +44 (0) 207 236
Hayden Locke 1177
Edward McDermott
James Biddle Beaumont Cornish Limited Tel: +44 (0) 207 628
Roland Cornish Financial Adviser 3396
Jeremy King Optiva Securities Limited Tel: +44 (0) 3137 1904
Broker
Lottie Wadham St Brides Partners Ltd Tel: +44 (0) 20 7236
Susie Geliher Financial PR/IR 1177
Notes to Editors
Emmerson's primary focus is on developing the Khemisset Potash
Project located in Northern Morocco. The project has a large JORC
Resource Estimate (2012) of 311.4Mt @ 10.2% K(2) O and significant
exploration potential with an accelerated development pathway
targeting a low capex, high margin mine. Khemisset is perfectly
located to capitalise on the expected growth of African fertiliser
consumption whilst also being located on the doorstep of European
markets. This unique positioning means the project will receive a
premium netback price compared to existing potash producers. The
need to feed the world's rapidly increasing population is driving
demand for potash and Emmerson is well placed to benefit from the
opportunities this presents.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
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contact rns@lseg.com or visit www.rns.com.
END
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