Pensana bolsters board with appointment of new nonexec director
London-listed Pensana has appointed Dr Jeremy John Beeton as a nonexecutive director, with immediate effect.
"We warmly welcome Jeremy to the board. As we move into the financing and construction phase of the Saltend processing facility and the mine development in Angola, Jeremy brings extensive international project management and nonexecutive director experience.
"There are few global senior executives with his expertise and record of delivering internationally significant infrastructure projects. We look forward to drawing on his experiences as the company pursues its commitment to establish the world's first fully sustainable mine to magnet metal supply chain from the facility proposed at the Saltend Chemicals Park in Humber, Yorkshire," comments chairperson Paul Atherley.
Beeton has extensive international experience in project management over complex multisite, multiple project operations' portfolios for national and regional government, as well as public and private companies.
He was director-general of the London 2012 Olympic and Paralympic Games from 2007 until 2012, and previously served as chairperson of WYG and Merseylink. He was also previously a principal VP with Bechtel, an advisory board member of PwC and an independent nonexecutive director of SSE.
He is an independent nonexecutive director of John Laing, the multinational infrastructure group, and has been a Member of Court of Strathclyde University since 2012.
Beeton is a Fellow of the Institution of Civil Engineers FICE, and received UK honours including the Order of the Bath CB, and an Honorary Doctorate in Engineering from Napier University.
"I join Pensana at an exciting time of its development and look forward to helping the company bring manufacturing back to the UK with the establishment of the world's first sustainable mine to magnet supply chain. Pensana's emergence as a leading UK-listed industrials company comes at a time when demand from offshore wind and electric vehicles is rapidly accelerating," comments Beeton.
Pensana is developing the Longonjo rare earths project, in Angola. It is expected to start production this year.
In December last year, the company also announced that it had selected the Saltend Chemicals Park as the proposed site for the construction of the UK's first rare earths processing facility.
Working with UK engineering consultants Wood Group, the processing facility will become one of only two major producers outside China of rare earth oxides used in the manufacture of powerful permanent magnets, critical to the offshore wind and electric vehicle industries.
By importing mixed rare earth sulphates from Longonjo, and processing them into separated magnet metal oxides in the UK, for the first time, customers can buy these critical raw materials with confidence that they have been sourced and processed sustainably, the company said in December.
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