Shore Gold appoints former Anglovaal, De Beers man Mennell chair

15th May 2012 By: Henry Lazenby - Creamer Media Deputy Editor: North America

JOHANNESBURG (miningweekly.com) – TSX-listed Shore Gold on Monday said it had appointed Brian Menell chairperson of the company, after serving on the board of directors from March 7, 2003.

Menell is CEO of Kemet, a group of private companies that invest in and manage a range of mining and other natural resource projects across sub-Saharan Africa.

With more than 25 years experience at senior management-level, Menell is a former executive of the De Beers Group, having held various executive positions.

Following his eight years with De Beers, he returned to his family-controlled Anglovaal group, were he was a principal and executive director of JSE- and LSE-listed Anglovaal Mining until his exit in 2001, to create much of what is now African Rainbow Minerals, South Africa’s largest listed empowerment controlled mining company.

Through Anglovaal, he was also the 50% partner of De Beers in the Venetia mine, South Africa’s largest diamond mine. He managed the sale of his company’s interest in Venetia to De Beers for $600-million, De Beers’ largest single acquisition ever.

Since disposing of the controlling interest in Anglovaal, Menell’s African project development portfolio has included a number of diamond exploration and mining ventures, including the development of the Koidu kimberlite diamond mines, in Sierra Leone.

“Brian’s extensive experience in the diamond industry is a great asset to Shore and we look forward to his leadership of the board of directors. Menell assumes this position at a pivotal time in the diamond industry and the company’s evolution from an exploration company to a potential world-class diamond producer,” CEO Kenneth MacNeill said in a statement.

Shore is currently focused on the completion of the environmental impact statement and the permitting of the Star – Orion south diamond project, while simultaneously pursuing development capital.