Los Andes Copper Ltd (CVE:LA) (OTCMKTS:LSANF) (FRA:L41A) revealed it would establish an environmental, social and governance (ESG) committee as it announced some changes to the board of directors.
Corinne Boone, who has over 25 years' experience focused on sustainable business, climate risk and carbon markets, will join as an independent non-executive director with immediate effect. She will create and chair the board's ESG committee.
In addition, the company said it would nominate Warren Gilman to stand for election as a non-executive director at the company's next annual general meeting (AGM).
READ: Los Andes Copper receives environmental approval for drilling, allowing it to complete PFS at Chile copper project
Gilman currently serves as a director of Gold Royalty Corp (NYSEAMERICAN:GROY) (FRA:6LS0), NexGen Energy Ltd (TSE:NXE) (FRA:6NE), Chaarat Gold Holdings Ltd (LON:CGH) (FRA:9IS) and Aurania Resources (CVE:ARU) (OTCMKTS:AUIAF) (FRA:20Q) and has over three decades' experience as a deal maker and investor in the metals and mining sector.
"We are very excited to welcome Corinne and Warren to the Board. Their invaluable insight and experience acquired over decades of leadership roles in ESG, global metals and mining financing and investment will help guide and support Los Andes as we advance the Vizcachitas Project through development," said Los Ande executive chairman Fernando Porcile.
Boone is Board Chair of the Canadian Energy Research Institute (CERI), an organisation focused on energy sector research and analysis. In addition, she is CEO of Climate and Sustainable Innovation, a boutique consultancy focusing on sustainable finance; carbon markets and pricing; and overall ESG considerations, noted Los Andes.
Meanwhile, Gilman was a founder of the Canadian Imperial Bank of Commerce (CIBC) Global Mining Team in Toronto in 1988. While there, he was responsible for some of the largest equity capital markets financings in Canadian mining history.
He served as advisor to the largest mining companies in the world including BHP, Rio Tinto, Anglo American, Noranda, Falconbridge, Meridian Gold, China Minmetals, Sumitomo, Mitsubishi, Jinchuan and Zijin.
In April 2021, Los Andes marked a milestone for its flagship Vizcachitas copper project in Chile, receiving the environmental approval needed to carry out drilling, which will allow it to complete the ongoing pre-feasibility study (PFS).
It means the company can now drill, if needed, up to 350 holes on up to 124 platforms over the next four years.
The project is currently at PFS stage after a positive preliminary economic assessment (PEA) in 2019 showed compelling economics.
Contact the author at giles@proactiveinvestors.com