Copyright ©2023 Danakali Limited
Vision Statement
“Our vision is to become a leading exploration and development company in Australia and Africa’s critical resources sector, driving sustainable growth, technological innovation, and responsible resource management.”
Explanation:
- Leading Exploration and Development Company: We aspire to be at the forefront of exploration and development activities in the critical resources sector everywhere we operate. By leveraging our expertise, technical capabilities, and strategic partnerships, we aim to consistently discover and unlock new sources of critical resources that contribute to economic growth and national security.
- Sustainable Growth: We are committed to achieving growth that is environmentally sustainable, socially responsible, and economically viable. Our exploration and development efforts will be guided by the principles of sustainability, minimizing our ecological footprint, and protecting biodiversity. We will work in harmony with local communities, respecting their cultural values and engaging in open and transparent communication.
- Technological Innovation: We recognize the importance of technological innovation in maximizing the potential of Australia and Africa’s critical resources. By utilising modern exploration techniques, advanced extraction technologies, and efficient resource utilization, we aim to optimize resource recovery while minimizing environmental impact.
- Responsible Resource Management: Our company is dedicated to responsible resource management throughout the exploration and development lifecycle. We will adhere to rigorous regulatory frameworks, implement robust health, safety, and environmental practices, and promote the highest standards of corporate governance. Our goal is to establish a reputation for ethical operations, community engagement, and sustainable development.
- National Importance: We recognize the critical role of the resources sector in supporting the economy and national interests. Our vision encompasses contributing to energy security, technological advancement, and self-sufficiency in critical resources. By responsibly exploring and developing these resources, we aim to attract investment and create long-term value for our stakeholders.
Overall, our vision encapsulates our commitment to being a leader in the critical resources* sector while upholding sustainability, innovation, responsible practices, and national importance. We will strive to make a positive impact on the resource landscape, foster growth, development, and prosperity for current and future generations.
*Critical Resources are minerals essential for the functioning of our modern technologies, economies or national security which includes copper, lithium, gold, cobalt, tin, nickel and fertilizer.
Our Values
Our values are the foundation on which we conduct business. Our values unite us with a common language and behaviour, both towards each other and our external stakeholders and guide our decision-making. We are defined by our core values of valuing our people, acting with integrity, respecting and protecting the environment, pursuing constant improvement of our performance and embracing the principle that everything should be as simple as possible.
Integrity
A commitment to honesty, transparency, and ethical conduct in all business activities. This includes fair treatment of stakeholders, adherence to regulations and laws, and responsible environmental stewardship.
Respect
We value the inherent worth and dignity of every individual. We treat our employees, contractors, stakeholders, and community members with fairness, dignity, and empathy. We promote a safe and inclusive work environment that embraces diversity, fosters collaboration, and encourages the free exchange of ideas.
Accountability
Taking responsibility for actions, meeting commitments, and being accountable to stakeholders. This includes transparent reporting, financial accountability, and maintaining high standards of corporate governance.
Safety
Prioritizing the safety and well-being of employees, contractors, and local communities. Ensuring a safe working environment and implementing robust safety protocols is crucial in the mining industry.
Sustainability
Recognizing the importance of sustainable practices and minimizing the environmental impact of exploration and mining activities. This includes responsible land reclamation, water management, and biodiversity conservation.
Innovation
Embracing technological advancements and innovative approaches to exploration, mining, and processing techniques. This value can help improve efficiency, reduce costs, and mitigate environmental impacts.
Collaboration
Encouraging collaboration and partnerships within the company and with local communities, indigenous groups, governments, and other stakeholders. Engaging in open dialogue, respecting local cultures and traditions, and sharing benefits are essential for building positive relationships.
Social Responsibility
Demonstrating a commitment to social responsibility by creating job opportunities and fostering economic growth in the regions where the company operates.
Continuous Learning
Encouraging a culture of learning, professional development, and knowledge sharing among employees. Embracing best practices, staying up-to-date with industry trends, and promoting innovation through learning are crucial in a rapidly evolving field.
Long-Term Vision
Focusing on long-term sustainability and value creation rather than short-term gains. This value often involves strategic planning, responsible resource management, and continuous improvement.
Board and management
Highly qualified Board and management team committed to promoting best standards of corporate governance and delivering Danakali’s strategy in line with shareholders’ and Eritrea’s long-term interests. Extensive sector and regional expertise generate confidence that the Colluli Project is executes in the most responsible and sustainable manner.
Board
Technical Background: Corporate lawyer LLB, LLM
Relevant Experience: Cross-border resources and finance commercial negotiations and documentation.
Relevant Experience: Cross-border resources and finance commercial negotiations and documentation.
Mr Cornelius is a corporate lawyer and former partner of one of Australia’s leading international law firms. He has a high degree of expertise in cross-border transactions, particularly in the resources and finance sectors.
Mr Cornelius has been based in China since 1993 and brings more than 20 years of corporate experience in legal and commercial negotiations. He has also advised global companies including major resource companies and banks on their investments in China and advised Chinese State-owned entities on their investments in overseas resource projects. Mr Cornelius is currently the Non-Executive Chairman of Buxton Resources Ltd (appointed 29 November 2010), Element 25 Ltd (appointed 30 June 2011), and Duketon Mining Ltd (appointed 8 February 2013).
Special Responsibilities: Mr Cornelius is a member of both the Audit committee and the Technical and Risk committee.
Technical Background: Qualified mining engineer (University of Nottingham)
Relevant Experience: Mining and finance industry professional with extensive investor market, finance, portfolio management and leadership experience. Over 35 years in asset management, senior roles within Credit Suisse and most recently at JPM Global Natural Resources Fund.
Mr Gregson is an experienced resource sector investor having spent over 30 years managing investments predominantly in mining and energy companies.
Mr Gregson’s previous roles included portfolio manager in J.P.Morgan Asset Management’s Global Equities Team based in London and responsible for global natural resource mandates. Prior investment roles were with CQS Asset Management as a Senior Portfolio Manager, with a focus on the natural resource sector and Credit Suisse Asset Management as Head of Emerging Markets and related sector funds.
Mr Gregson began his career holding various positions at mining companies, including a role as a mining investment analyst at South African company Gold Fields. He is a qualified mining engineer.
Technical Background: Banking and finance, President and Chief Executive Officer Africa Finance Corporation (AFC)
Relevant Experience: Extensive project finance experience in green-field project finance, acquisitions, corporate transformation, privatization and equity capital market transactions
Mr Zubairu is AFC’s President and CEO. Prior to his appointment, he was the CEO of Africapital Management Limited and has established a joint venture with Old Mutual’s African Infrastructure Investment Managers to develop the Nigerian Infrastructure Investment Fund 1 for infrastructure private equity across West Africa.
Mr Zubairu led the launch of Africa’s largest syndicated project finance facility for the Obajana Cement project and has undertaken investments of over US$3 billion in green-field projects, acquisitions, corporate transformation, privatization and equity capital market transactions.
He holds several non-executive board positions including the Advisory board member for KSE Africa, a leading operations and management provider of captive power plants in the mining sectors in Botswana and Nigeria.
Technical Background: Senior Director for Investment Operations & Execution, Africa Finance Corporation (AFC)
Relevant Experience: Extensive in infrastructure investments and financial sector development
Mr Adeniji is Senior Director, Investments Group at the AFC where he oversees investments in oil & gas, mining and transport infrastructure.
Mr Adeniji has led the efforts at providing financial advisory and structuring services for AFC’s investments in infrastructure projects, including supervising the management of the Central Bank of Nigeria’s US$2 billion Power Intervention Fund in Nigeria. Recent transactions included the award-winning US$900 million Kpone IPP Project in Ghana, as well as the innovatively-structured US$360million Hakan Peat-fired IPP project in Rwanda.
His academic background is in economics and finance. He is an Honorary Senior Member (HCIB) of The Chartered Institute of Bankers of Nigeria.
Technical Background: Master’s in Business and Technology and a degree in Mining Engineering
Relevant Experience: Strategy, Operations Management, Process Engineering, Projects and Engineering, Maintenance Management, and Business Process Improvement.
Over 30 years’ experience in senior management at BHP, Danakali and Pacific National. Mr Donaldson held a series of senior management roles spanning over 20 years with BHP Billiton where he managed large scale open-cut mining operations, headed the BHP Carbon Steel Materials Technical Marketing Team, managed the Port Hedland iron ore facility, as well as key roles in product and infrastructure planning across large scale supply chains.
He also has extensive experience in high level business improvement and logistics from base metal operations and a high degree of integrated supply chain management, technical operational management and frontline leadership experience in the steel industry.
Technical Background: Master’s Degree in International Consultancy and Accounting
Relevant Experience: Ms Zhang Jing joined the board in June 2016, and has held investment and project management roles in public listed companies in China. She brings more than 15 years of international trading and business development experience to the board.
Ms Zhang joined the board in June 2016, and has previously held investment and project managerial roles in public listed companies in China. She has more than 15 years of international trading and business development experience in China.
Ms Zhang holds a Master’s degree in International Consultancy and Accounting form the University of Reading in the United Kingdom.
Company Secretary
Technical Background: Certified Practicing Accountant (CPA), Bachelor of Commerce, AGIA/ACIS, GAICD
Relevant Experience: Over 17 years’ experience in the provision of accounting, finance and company secretarial services to public listed and private resource companies in Australia and the UK.
Technical Background: Chartered Accountant (ICAA), Bachelor of Commerce
Relevant Experience: Over 14 years’ experience in external audit and the provision of accounting, finance and company secretarial services to listed resource companies.
Executive Team
Technical Background: PhD in Physical Chemistry, over 30 years of experience in the potash industry.
Relevant Experience: Responsible for the safe and environmentally responsible production of potash as the Vice President of Operations for Arab Potash Company and as General Manager of Nutrien’s Allan Division. Director of Process and Product Innovation for Nutrien, which included responsibility for new product development, process development for all Nutrien potash expansions, as well as innovation and advanced process control.
Technical Background: Mechanical Engineering and Project Management
Relevant Experience: Over 35 years’ experience managing the delivery of EPC, lump sum and EPCM projects across a diverse range of commodities, mineral processing units and jurisdictions including East Africa, West Africa, Southern Africa, China, Europe, UK and Australia.
Management Team
Technical Background: Chartered Accountant, PGDip (Fin), B.COM (Hons), BAccS
Relevant Experience: Mr MacPherson is a qualified Chartered Accountant with extensive experience in the resources industry.
He began his career in the Assurance & Advisory division of KPMG, before moving into commerce where he later joined Anglo America to establish the joint venture company Anglo American Inyosi Coal. He has significant experience in working in joint venture companies in Africa and instituting the financial and commercial functions for these businesses.
Mr MacPherson has strong governance competencies and is a graduate of the Institution of Chartered Secretaries. He was a Board member and Chairman of the Risk and Audit Committee for the Phola Coal Processing Plant, a joint venture with BHP.
Technical Background: Geologist
Relevant Experience: Development and exploration of potash, gold, base metals and industrial minerals.
Corporate Governance
A strong corporate governance framework ensures the interests of our stakeholders are at the center of every decision we make. Our practices not only meet the requirements of regulatory authorities, but also stand up to the highest ethical standards. Our Sustainable Development Framework, Corporate Governance Statement and supporting policies allow Danakali to manage affairs with proper oversight and accountability, ultimately creating and protecting shareholder value.
