potash Emmerson

Danakali has announced that current CEO, Danny Goeman, has tendered his resignation and previous non-executive chairman, Seamus Cornelius, has been appointed as executive chairman and a new CCO, Niels Wage, has been appointed effective immediately.

Goeman joined Danakali in 2016 as head of marketing before assuming the role of CEO in 2017.

He has accepted an offer from a leading Perth based mining company, and will leave Danakali on 3 August 2018.

Cornelius has served as non-executive chairman of Danakali since July 2013.

He has a high degree of expertise in cross-border transactions, particularly in the resources and finance sectors.

Cornelius is a member of the company’s audit committee and technical and risk committee and is the chairman of the Colluli Mining Share Company, the 50:50 joint venture between Danakali and the Eritrean National Mining Company and 100% owner of the Colluli potash project.

Cornelius has to this point been an integral part of the company’s progression from Scoping Study through to Front End Engineering Design, signing of a Mining Agreement, awarding of Mining Licences and the achievement of a binding take-or-pay offtake agreement with EuroChem Trading.

In addition Danakali advises that highly experienced industry executive Niels Wage has been appointed as COO.

Wage has significant shipping, trading and commodity experience and has held a number of senior management roles at BHP, including VP potash, VP freight and VP diamonds.

“I am honoured to be asked by the Board to serve as executive chairman at this very exciting stage as the company transitions to the next phase of its development,” comments Cornelius.

“I look forward to serving shareholders and continuing to work closely with our partners ENAMCO as we unlock Colluli’s true value for the benefit of all stakeholders.

“The unprecedented and industry leading binding take or pay offtake agreement with EuroChem announced earlier this week further establishes Colluli as the premier pre-production SOP asset and supports my view that Colluli has no peer.

“I would also like to take this opportunity to welcome Niels to the executive team.

“Niels brings a wealth of experience and expertise to the role of CCO, and the company is very happy to have found a capable and credible professional to progress the company’s marketing efforts,” he continues.