Eritrean business news: South Boulder Mines (ASX:STB) has appointed Tony Kiernan, a resource company director and corporate advisor with experience in Eritrea to the board of directors.
Kiernan will become a non executive director.
South Boulder’s Lorry Hughes has brought in Kiernan given the step change for the company from explorer toward development and production at the Colluli Potash Project in Eritrea.
Significantly, Kiernan was a director of several listed mining companies including Chalice Gold Mines Ltd (ASX: CHN), which has been operating in Eritrea since 2009.
Kiernan brings specialised skills in the areas of Government relations and approvals, corporate strategy and corporate governance, all of which are key areas for the company as it progresses the development of its Colluli Potash Project.
The new director played a lead role as part of the Chalice team responsible for overseeing the acquisition, evaluation, approvals process and ultimately the successful sale of Chalice’s Zara Gold Project in Eritrea to China SFECO Group and the Eritrean National Mining Corporation for combined proceeds of US$114 million.
South Boulder’s Managing Director, Lorry Hughes, said the board is delighted to have secured a new non-executive Director of Mr Kiernan’s calibre and experience, adding further depth and capability to its Board.
“Tony is an accomplished mining company Director with over 25 years of experience who has been actively involved in mineral exploration in Eritrea since 2009.”
He brings significant capabilities in areas that will be of great value to South Boulder as we complete the Feasibility Study and progress the approvals process for the Colluli Potash Project.”