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Emmerson hails appointment of experienced NED

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Emmerson PLC (LON:EML) has hailed the appointment of James Kelly, the founder of private equity firm Greenstone Resources, as its new non-executive director (NED) who joined the board on March 22.

The potash development firm said Kelly has nearly 20 years of experience in the mining sector, particularly in the areas of corporate finance and financing strategy, having previously served as a senior member of the business development team at Xstrata PLC prior to its merger with Glencore PLC (LON:GLEN).

READ: Emmerson says higher potash prices increase financing options for Khemisset project

Kelly is also the founder and non-executive chairman of mining royalty and streaming firm Trident Royalties PLC (LON:TRR).

“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 a 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 Clarke] and his team and playing my part in bringing the project into production”, Kelly said in a statement.

“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”, added Emmerson chief executive Graham Clarke.

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