Mining exploration company announces board changes
Sula Iron & Gold plc, a multi-commodity exploration company focused on Sierra Leone, has announced the appointment of Andrew Dacey as Non-Executive Technical Director.
Additionally, Gareth O’Donovan will step down from the Board in order to focus on his other work commitments.
The appointment of Dacey strengthens the Board as the Company continues to develop its wholly owned 153 sq km Ferensola Project, located in the northern part of the Sula-Kangari Greenstone Belt in Sierra Leone, which is highly prospective for both iron and gold.
Dacey is an experienced geologist and mining analyst with over 18 years’ experience in the mining sector and is a Partner at Momentum Advisors (UK) LLP, a management consultancy focused on the natural resource sectors.
Dacey has worked throughout the world for numerous junior resource companies; in 2002 he discovered the Golden Hills 3.3Moz Au-equivalent project in Mongolia and in 2005 he co-founded Lydian International (TSX:LYD).
He graduated with a degree in Geology from Victoria University, New Zealand and completed a Masters of Economic Geology at CODES, Tasmania, Australia. He is a Fellow of the IOM3, a Registered Professional Geologist and on the committee of the Association of Mining Analysts.
As a Managing Director of mining consultancy company SRK Exploration Services Ltd., which outlined the initial exploration target of 500Mt at 30.4 percent iron in magnetite and 55 percent iron in haematite at Ferensola, O’Donovan will continue to provide technical assistance to the Project and the Company. It is as a result of these commitments to SRK that O’Donovan has to step down from the Board of Sula.
Chief Executive Nick Warrell said: “I am delighted to welcome Andrew to the Board of Sula at what is a very exciting time for the Company.
“Following a gold exploration programme in November 2013 at our flagship Ferensola Project in Sierra Leone, which aimed to prove up the mineralisation potential by targeting the source of placer gold, we are on track to announce these results in Q1 2014 and hope to utilise these to plan future exploration work.
“Furthermore, we continue to maintain a dual exploration programme and remain focused on delineating a maiden JORC compliant resource in 2014, targeting iron mineralisation which is proven to extend from African Minerals Limited’s 12.8Btn Tonkolili iron mine.
“With significant activity planned for 2014, I am confident that Andrew’s depth of experience in the gold and iron ore sectors coupled with his understanding at a corporate level will prove invaluable.
“I would also like to thank Gareth for all of his hard work and contribution to the Company. Gareth has proved instrumental in helping us to define the resource potential of the Project, by identifying five target areas for hard rock gold mineralisation in addition to underpinning the consistently high grade iron mineralisation present in our licence area. I wish him well for his future endeavours and look forward to continuing to work with SRK going forward.”
G7 Summit guide: What it is and what leaders hope to achieve
Unless you’ve had your head buried in the sand, you’ll have seen the term ‘G7’ plastered all over the Internet this week. We’re going to give you the skinny on exactly what the G7 is and what its purpose on this planet is ─ and whether it’s a good or a bad collaboration.
Who are the G7?
The Group of Seven, or ‘G7’, may sound like a collective of pirate lords from a certain Disney smash-hit, but in reality, it’s a group of the world’s seven largest “advanced” economies ─ the powerhouses of the world, if you like.
The merry band comprises:
- The United Kingdom
- The United States
Historically, Russia was a member of the then-called ‘G8’ but found itself excluded after their ever-so-slightly illegal takeover of Crimea back in 2014.
Since 1977, the European Union has also been involved in some capacity with the G7 Summit. The Union is not recognised as an official member, but gradually, as with all Europe-linked affairs, the Union has integrated itself into the conversation and is now included in all political discussions on the annual summit agenda.
When was the ‘G’ formed?
Back in 1975, when the world was reeling from its very first oil shock and the subsequent financial fallout that came with it, the heads of state and government from six of the leading industrial countries had a face-to-face meeting at the Chateau de Rambouillet to discuss the global economy, its trajectory, and what they could do to address the economic turmoil that reared its ugly head throughout the 70s.
Why does the G7 exist?
At this very first summit ─ the ‘G6’ summit ─, the leaders adopted a 15-point communiqué, the Declaration of Rambouillet, and agreed to continuously meet once a year moving forward to address the problems of the day, with a rotating Presidency. One year later, Canada was welcomed into the fold, and the ‘G6’ became seven and has remained so ever since ─ Russia’s inclusion and exclusion not counted.
The group, as previously mentioned, was born in the looming shadow of a financial crisis, but its purpose is more significant than just economics. When leaders from the group meet, they discuss and exchange ideas on a broad range of issues, including injustice around the world, geopolitical matters, security, and sustainability.
It’s worth noting that, while the G7 may be made up of mighty nations, the bloc is an informal one. So, although it is considered an important annual event, declarations made during the summit are not legally binding. That said, they are still very influential and worth taking note of because it indicates the ambitions and outlines the initiatives of these particularly prominent leading nations.
Where is the 2021 G7 summit?
This year, the summit will be held in the United Kingdom deep in the southwest of England, with Prime Minister Boris Johnson hosting his contemporaries in the quaint Cornish resort of Carbis Bay near St Ives in Cornwall.
What will be discussed this year?
After almost two years of remote communication, this will be the first in-person G7 summit since the novel Coronavirus first took hold of the globe, and Britain wants “leaders to seize the opportunity to build back better from coronavirus, uniting to make the future fairer, greener, and more prosperous.”
The three-day summit, running from Friday to Sunday, will see the seven leaders discussing a whole host of shared challenges, ranging from the pandemic and vaccine development and distribution to the ongoing global fight against climate change through the implementation of sustainable norms and values.
According to the UK government, the attendees will also be taking a look at “ensuring that people everywhere can benefit from open trade, technological change, and scientific discovery.”