Kenmare Resources appoints two non-executive directors
Mr. Keating was nominated as a Non-Executive Director by African Acquisitions Sarl in accordance with the Subscription and Relationship Agreement entered into on June 18, 2016 by African Acquisitions and Kenmare, pursuant to which African Acquisitions became Kenmare's largest shareholder.
Mr. Keating is Head of Mining Investment Private Equity at the State General Reserve Fund (SGRF), a sovereign wealth fund of the Sultanate of Oman.
Mr. Keating joined SGRF in 2015 from Madini Mineral Resources, where he was head of new business development and responsible for identifying, negotiating and structuring acquisitions and investments in private and listed companies.
Prior to Madini, Mr. Keating was CEO of African Nickel Limited (2010-2013), where he grew the business through various transactions and fund raisings.
He also worked at Investec Bank for the Commodities and Resource Finance Team (2004-2010), and in the Black Mountain Mine owned by Anglo American plc, in South Africa.
Mr. Martin has also agreed to take on the role of chair of the Board's remuneration committee.
Mr. Martin is an experienced natural resources executive and brings a wealth of relevant expertise having served as an executive director, General Counsel and Company Secretary at Tullow Oil.
From 1997 until 2016, Mr. Martin was heavily involved in the growth of Tullow into a FTSE100 business, and in the company's active M&A programme, including the $2.9 billion disposal of assets in Uganda.
Prior to Tullow, Mr. Martin was a partner at the U.S. energy law firm Vinson & Elkins LLP, having started his legal career in Scotland. ■