Emmerson PLC Appointment of CEO - Potash Operations Experience (2958R)
June 29 2020 - 1:00AM
UK Regulatory
TIDMEML
RNS Number : 2958R
Emmerson PLC
29 June 2020
Emmerson Plc / Ticker: EML / Index: LSE / Sector: Mining
29 June 2020
Emmerson Plc ("Emmerson" or the "Company")
CEO with Mine Building and Potash Operations Experience
Appointed in First Phase of Operational Team Build-out
Emmerson Plc, the Moroccan focused potash development company,
is pleased to announce the appointment of Mr. Graham Clarke as CEO
effective from 1 July 2020. Graham is a highly experienced
fertiliser industry executive with 26 years' experience in
underground potash mining and a proven ability to attract talent
and build operating teams with the capability to deliver large,
complex projects in the fertiliser space. Graham's broad experience
includes managing all technical disciplines, due diligence
processes and stakeholder engagement.
Mark Connelly, Chairman of Emmerson, commented:
"Graham is a highly experienced potash mining executive with a
clear track record of success in the industry. What is more unique
is his recent experience of taking a large, highly complex,
underground mine all the way from a concept through to
construction. In my experience, this is a rare combination of
skills in any commodity, and this is particularly true in the
potash industry.
"This is an extremely important moment in our corporate
progression, from junior explorer into a mine developer, and we are
truly fortunate to have someone of Graham's experience to join and
build out the team that will eventually deliver the Khemisset
Potash Mine.
"We would like to thank Hayden for his hard work in guiding the
Company to this point and his pragmatism in recognising that a
different skill set will support the Company into its next phase of
our development. We are pleased that he will remain with Emmerson
as a Director of the Company, focusing on the financing and
strategic partner discussions which are underway."
Graham Clarke, CEO of Emmerson, commented:
"I am delighted to be joining Emmerson at this important stage
of its development. The results from the Feasibility Study indicate
a very compelling potash opportunity which, because of its very low
expected upfront capital cost, is likely to have multiple financing
options available to it.
"I look forward to gaining a more detailed understanding of the
Project in the coming months and using my experience to improve
what is already a very impressive potash project and expedite
development towards production."
About Graham Clarke
Graham is a highly experienced potash mining executive with
extensive experience managing large multi-disciplinary teams for
underground fertiliser mines. During his 26 years at Cleveland
Potash, which owned the Boulby Potash Mine in Yorkshire, Graham
held multiple positions from Graduate Trainee through to Director
of Mining and, finally, as Managing Director of ICL UK (the owner
of Cleveland Potash) with full operational responsibility. At
Boulby, Graham was responsible for numerous operational
improvements which resulted in both operational efficiency and
profitability enhancements, but also shaped a safety-first culture
driven by prudent risk management and best practice operational
procedure.
Since 2011, Graham has been a key member of the senior executive
team at Sirius Minerals, overseeing all technical aspects of the
development of the Woodsmith Mine, moving it successfully from
concept, through various phases of study and design, into
construction. The Woodsmith Mine is one of the largest and most
complex underground mine developments in the United Kingdom for a
generation and Graham was an instrumental member of the team in
delivering numerous positive outcomes including all technical and
engineering work, but also the receipt of permissions to build the
mine following years intensive stakeholder engagement.
**ENDS**
For further information, please visit www.emmersonplc.com , follow
us on Twitter (@emmerson_plc),
or contact: Graham Clarke Emmerson Plc Tel: +44 (0) 207 236
Hayden Locke 1177
Damon Heath Shard Capital Tel: +44 (0) 207 628
Isabella Pierre 3396
Megan Dennison St Brides Partners Ltd Tel: +44 (0) 20 7236
Susie Geliher Financial PR/IR 1177
Isabel De Salis
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 537Mt @ 9.24% 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
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
BOAKKFBPCBKDCAB
(END) Dow Jones Newswires
June 29, 2020 02:00 ET (06:00 GMT)
Emmerson (LSE:EML)
Historical Stock Chart
From Apr 2024 to May 2024
Emmerson (LSE:EML)
Historical Stock Chart
From May 2023 to May 2024