Danakali Ltd (ASX:DNK, LSE:DNK, OTC:SBMSF) has appointed Greg MacPherson as chief financial officer, effective immediately.
MacPherson has been with Danakali since October 2018 in the positions of head of finance and financial controller and has a strong technical finance background.
He is a qualified Chartered Accountant, holds a PGDip (Fin), B.COM (Hons), BAccS and importantly has extensive experience in the mineral resource sector across project finance, debt and equity structuring, as well as compliance and risk management as related to resource projects.
MacPherson has previously worked for Anglo American which established the joint venture company Anglo American Inyosi Coal and he has significant experience working with joint venture companies in Africa and establishing the respective financial and commercial functions across multiple jurisdictions.
Furthermore, he was a board member and chairman of the risk and audit committee for the Phola Coal Processing Plant, a joint venture between Anglo American and BHP between 2009 and 2014.
Danakali is a potash company focused on the development of the Colluli Sulphate of Potash Project in Eritrea. The project is 100% owned by the Colluli Mining Share Company (CMSC), a 50:50 joint venture between Danakali and the Eritrean National Mining Corporation (ENAMCO).
"Great asset to Danakali"
“Greg has worked across all areas of finance at Danakali since 2018 and has not only confidently demonstrated his technical diligence managing DNK’s compliance financial reporting and risk management, but he has also implemented new internal financial management systems that have enhanced our cross-border accounting efficiencies,” Danakali executive chairman Seamus Cornelius said.
“Greg has also been a valuable contributor in our cross-border equity raises and in negotiations with strategic investors and DNK’s senior debt facility providers over the years. I believe he is a great asset to Danakali and I look forward to continue working with Greg over what looks to be some exciting years ahead.”