Board Members
Richard Henry Ringrose Latham, aged 63, Chairman
Richard Latham was appointed Chairman of Northern Petroleum Plc in 1999 and his career has been closely tied to the energy industry. He holds a MBA degree from Cranfield University and has spent most of his working life in the City - initially as an investment manager and for 27 years with companies in the upstream oil and gas industry. He was formerly deputy chairman of Aberdeen Petroleum Plc, chairman and managing director of Claremount Oil and Gas Limited and a non-executive director of Atlantis Resources Limited, a company listed on the London and Toronto stock exchanges.
As Chairman, Richard will Chair the Board of Directors and ensure that they provide proper direction and leadership. He will ensure compliance with the rules of the Alternative Investment Market of the London Stock Exchange. He will also Chair the remuneration committee.
Jeremy Peter Metcalfe, aged 69, Chief Executive
Jeremy Metcalfe has a track record as a financier, marketer and promoter. He has hands on experience of the extractive minerals market having managed public companies including the chairmanship of Minmet plc, Connary Minerals plc, Crediton Minerals plc and Tiger Resource Finance plc which were engaged in the exploration and production of gold, base metals and diamonds in Brazil, Portugal, Peru, Dominican Republic, Honduras and the UK. He has arranged the funding, purchase and sale of a number of gold related projects in Europe and West Africa including the early funding of Golden Prospect plc (since renamed Ambrian Capital plc) and of Tiger Resource Finance plc, a successful mining finance house. He has a wide experience of running a number of businesses, latterly in the public sector commencing in 1994.
The role of Chief Executive encompasses the overall management of the business of the Company on a day to day basis. He is also bound by the rules of the Alternative Investment Market of the London Stock Exchange. He acts at all time in an executive capacity and works with the support of the other executive and non-executive directors
David John Nel, aged 35, Chief Operations Officer
David Nel has focused his career since the early 1990's, on opportunities within the natural resources industry in South Africa. After obtaining a Masters degree in Commerce from the University of Johannesburg, David spent several years in a senior management position with global business consulting firm Accenture, advising some of the world's largest mining houses. Through this, David gained experience in the conceptualisation, development, implementation and management of various large scale consulting solutions for mining companies such as Xstrata, De Beers and Goldfields. In addition, David has spent over seven years as the General Manager of Coalnet in South Africa, a resources development company which led to the establishment of Elitheni Coal, SNR's primary asset today.
David is wholly committed to Elitheni and to SNR. As Chief Operations Officer of SNR, David will be responsible for the mobilization and implementation of all SNR projects. David has also been the commercial director of Elitheni Coal since 2006 and is responsible for strategy implementation and operational management of all activities of this company.
Barry William Nel, aged 64, Commercial Director
Barry Nel is the founder of Elitheni and is involved in the South African coal and energy supply sector. He was a founder of Trans Tugela Coal (Pty) Ltd in 1976 which was South Africa’s first independent coal mining operation. The business grew to three medium sized collieries and captured 35 per cent. of the Natal industrial coal market. He formed Coalnet in 1990 to focus on joint ventures with coal users such as the successful joint venture between Coalnet and Vakbel of Turkey, which involved exporting 2.5Mt of South African coal to Turkey.
Since 1999, Barry has committed himself and all his resources to the full time task of establishing Elitheni. As well as being an Executive Director of SNR Barry is Chairman of Elitheni Coal Pty Ltd. His main responsibility will be to ensure the smooth running of the Elitheni coal exploration and the eventual mining of the coal once the extraction licence has been granted. He will also work closely with the CEO to define and develop other coal and energy related projects in South Africa and southern Africa.
Elizabeth Ruth Shaw, aged 46, Executive Finance Director
Elizabeth Shaw has been involved in the electricity sector since 1994 when she joined Fieldstone Private Capital Group (UK) Limited. Between 1994 and 2000, as a director of Fieldstone, she advised on a number of mergers, acquisitions and disposals in the electricity industry, both in the UK and in developing markets. Prior to joining Fieldstone, she was involved in the financing of small to medium sized companies in the UK, including raising equity for both listed and unlisted companies. She joined Independent Power Corporation PLC as a director in 2000 where she is responsible for business development and finance. She is also an executive director and founder of Rurelec PLC and of IPSA Group PLC. She is a graduate of Exeter University.
Liz is responsible for all aspects of the company's financial requirements and commitments. She will work closely with the Company Secretary and CEO in preparing the interim and annual report and accounts.
Peter Richard Stephen Earl, aged 52, Non Executive Director
Peter Earl began his career at the Boston Consulting Group Inc. advising state-owned companies. He has advised ministries of finance and central banks in Abu Dhabi, Albania, Kuwait and Saudi Arabia. He was previously CEO of Tranwood PLC and The Carter Organisation Inc. in New York. In 1994 he acted on secondment to the World Bank and UNDP in Bolivia. He has advised governments on privatisations in Latin America and Eastern Europe having served as Deputy Chairman for the United Nations Economic Commission for Europe infrastructure finance group. He became a director of Fieldstone Private Capital Group UK Limited in London in 1994, where he advised on cross-border power sector acquisitions and bids totalling approximately US$6 billion, involving 5,000 MW of installed generating capacity. In 1995 he founded Independent Power Corporation PLC, and is also a founder and executive director of Rurelec PLC and of IPSA Group PLC. He is also a non-executive director of Blomfield Street Securities Limited and of Hichens Harrison (South America) Limited, both being subsidiaries of Hichens Harrison. He is the author of a European textbook on cross-border takeovers. He is an Oxford University graduate and was a Kennedy Scholar at Harvard University.
Peter is a non executive director whose special knowledge of and expertise in the power generation business will guide the company in the most propitious way to exploit the Elitheni coal deposit and any future coal related businesses that the company might acquire in the future.
Robert Myles Randal MacDonnell M.S.I, (Randal), aged 68, Non-Executive Independent Director
Randal MacDonnell was a Partner of Laurie Milbank & Co Stockbrokers, stockbroker partnership for 16 years until it was taken over by Chase Manhattan Bank (subsequently JPMorgan Chase & Co.) in 1985. He was head of the institutional equity department raising money for underwritings, placings and rights issues, as well as conducting normal stock exchange business. In 1986 he was appointed a Director of Chase Manhattan Securities Limited where he remained for four years. He subsequently became a director of Credit Lyonnais Securities Limited and in 1994 was appointed a Director of Kleinwort Benson Securities Limited primarily dealing with small companies. Prior to becoming a member of the London Stock Exchange in 1965 he was commissioned in the 9th/12th Royal Lancers. He is currently a non-executive director of PipeHawk plc.
He is the senior independent Non-Executive Director; principally his role is to ensure that all shareholders are treated fairly and honestly by the Board.
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