Namibian Resources held a contract with NAMDEB for the prospecting and mining of diamonds in the Pomona area of the Sperrgebiet (forbidden area) of Diamond Area Number 1. The initial contract was until 2012 and was renewable for a further 10 years.
While the focus of the company remains in mining, the directors are now seeking to broaden the scope of the business by seeking other mining opportunities in Southern Africa. Currently being evaluated are a copper project in the Northern Cape Province of South Africa and coal mining projects. The emphasis is on projects with a short period to positive cash flow. Establishing such a project will require extra finance, either at group level or at project level.
Members of our board, together with key members of the management team, bring strong technical and financial expertise to the company.
Brian is a chartered accountant and former senior partner of the London office of Grant Thornton, one of the leading international accounting firms. He is on the board of directors of a number of junior mining and exploration companies, the majority of which operate in Africa. He also specialises in advising companies, mainly in the area of flotation.
In his former role at Grant Thornton, he was registered by the LSE as a nominated adviser and a qualified executive for companies seeking admission to the AIM Market and as a Listed Company sponsor.
Brian is responsible sits on both our Audit and Remuneration Committees.
Alex has more than 30 years of City and business experience in corporate finance (engineering and oil & gas sectors). He was formerly head of Whitman-Howard's oil & gas team and held a similar position at Libertas Capital Corporate Finance LLP, when he was mainly involved in fund raising and M&A activities. He has both public and private company experience. Alex's early career was in upstream exploration, mainly in Africa, the Middle East and the North Sea. He gained operational experience with Conoco, Chevron, Atlantic Drilling, Otis wireline and Ocean Inchcape.
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