– ISLE OF MAN, Douglas – Emmerson plc (LON: EML), the Moroccan-focused potash development company, today announced the appointment of James Kelly to its board of directors, effective from 22 March 2021.
Mr. Kelly has nearly 20 years of experience in the mining sector, particularly in the areas of corporate finance and financing strategy.
“I would like to welcome James to the Emmerson team and very much look forward to working with him. We are particularly pleased to welcome James to the Board at this time with Emmerson reaching an important stage, as it prepares for the project financing. James has just the experience in mining finance which will be very relevant to the options that the board will be asked to assess in the coming months as we work to put the funding in place to enable us to continue driving the project forwards.” said CEO, Graham Clarke.
About James Kelly
Before its merger with Glencore Plc, James was a senior member of the business development team of Xstrata Plc. He went on to help found the mining private equity company, Greenstone Resources LP, which takes strategic equity positions in post exploration and development stage assets in both OECD and Emerging Market geographies. James is also the founder and non-executive chairman of Trident Royalties Plc, a rapidly growing, diversified mining royalty and streaming company.
James Kelly said: “I am delighted to be joining the board of Emmerson. The quality of the Khemisset potash project is apparent for all to see and I believe that it is well placed to contribute new supply into a secular growth of demand for fertilizer, especially in Africa. We know that high quality and dependable source of potash is a critical pillar in food security which in turn has an outsized positive effect on the developing world. I look forward to working with Graham and his team and playing my part in bringing the project into production.”
About Emmerson
Emmerson’s primary focus is on developing the Khemisset project located in Northern Morocco. The Project has a large JORC Resource Estimate (2012) of 537Mt @ 9.24% K2O and significant exploration potential with an accelerated development pathway targeting a low CAPEX, high margin mine. Khemisset is perfectly located to capitalize on the expected growth of African fertilizer 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 Feasibility Study released in June 2020 indicated Khemisset has the potential to be among the lowest capital cost development stage potash projects in the world and also, as a result of its location, one of the highest margin projects. This delivered outstanding economics including a post-tax NPV10 of approximately US$1.4 billion using industry expert, Argus’, price forecasts.
For more information: https://www.emmersonplc.com/
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