African Eagle Resources
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African Eagle is a UK-incorporated mineral exploration and development company operating in Zambia, Tanzania and Mozambique. These countries all have highly prospective geology, low above-ground risks and track records of successful major investments in the metals and minerals industries.
African Eagle Resources appoints two non-exec directors to support Dutwa development
Saturday, January 28, 2012 by Giles Gwinnett
African Eagle Resources (LON:AFE) has added two non-executive directors to its board as it transforms from an explorer to mine developer.
Don Newport and Dr Christopher R. Pointon are joining the company as it develops its flagship Dutwa Nickel project in Tanzania, it announced today.
Newport, currently a non-exec director at Wolf Minerals (LON:WLFE), is a London mine finance industry expert with more than 35 years experience in the banking sector.
Dr Pointon has wide international experience in the resources industry and is a non-exec director and deputy chairman of Ruukki Group (LON:RKKI).
He led mining giant BHP Billiton's (LON:BLT) stainless steel materials division for six years, building it into one of the largest global Nickel and ferrochrome producers with annual sales exceeding US$3 billion, said African Eagle.
Chairman Euan Worthington said: "I am very pleased that the board of African Eagle has managed to attract individuals of the calibre and quality of Chris and Don to join us and we look forward to benefiting from their wealth of experience as we continue the development of our exciting Dutwa Nickel project.
"The appointment of individuals of such strength is another step in the transformation of African Eagle from an explorer to a mine developer and we look forward to a strong future."
The firm's non- executive board now consists of Don Newport and Dr Christopher Pointon, Geoffrey Cooper, Julian McIntyre and Euan Worthington.
Yesterday, the company revealed it had chosen engineering firm Lycopodium Minerals to complete the bankable feasibility study (BFS) for the Dutwa project.
And on Wednesday, it said SGS Metallurgy would be responsible for the pilot test programme - an essential component of the BFS.
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