Business
Appointment of Rt.Hon.Baroness Northover PC as NED
Appointment of Rt.Hon.Baroness Northover PC as NED.
About this update from Pensana Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6722D\n Pensana Rare Earths PLC\n 02 November 2020\n \n \n \n \n \n \n \n 2 November 2020\n \n \n \n \n \n Appointment of Rt Hon Baroness Northover PC as Non-Executive Director \n \n \n \n \n \n Pensana Rare Earths Plc (LSE:PRE, ASX:PM8) (\"Company\") today announces the appointment of Rt Hon Baroness Lindsay Northover PC as a Non-Executive Director of the Company with immediate effect.\n \n \n \n \n \n Baroness Northover (66), the Prime Minister's former Trade Envoy to Angola (2016-2020) and Zambia (2017-2020) and Africa Minister for the Department for International Development (\"DFID\") (November 2014 - May 2015), joins the Pensana Board as one of four independent Non-Executive Directors (\n \n \n https://pensana.co.uk/directors-management/\n \n \n ). \n \n \n \n \n \n Baroness Northover has been at the core of the recent successful development of the UK/Angola bilateral relationship which has seen significant progress since the General Co-operation Agreement between the UK and Angola was signed in 1986. \n \n \n \n \n \n The bilateral agreement has benefitted from a number of private industry initiatives which include the opening and widening of the UK's credit line for exports to Angola from US$70m in 2009 to circa US$1bn in 2020 through the UK Export Finance department (\n \n \n https://www.gov.uk/government/organisations/uk-export-finance\n \n \n ). \n \n \n \n \n \n Paul Atherley, Chairman of Pensana, commented:\n \n \n \n \n \n \"The Board of Pensana warmly welcomes Baroness Northover as a Non-Executive Director. \n \n \n It is no longer acceptable for miners and processers to supply materials to the green economy unsustainably. The proposed changes in EU legislation reflect this growing sentiment. \n \n \n We are delighted at the progress we have made in advancing the Longonjo project as one of the world's most sustainable mines and with the substantial benefits the investment will bring to the local community and to the people of Angola. \n \n \n Baroness Northover's considerable experience in Africa over many years, and in particular her involvement in Angola during its economic and political transformation over the past four years will be a major asset to the Company.\n \n \n \n She is particularly delighted with ou...