Baroness Northover, the Prime Minister’s former Trade Envoy to Angola (2016-2020) and Zambia (2017-2020) and Africa Minister for the Department for International Development, has joined the Pensana Board.
Baroness Northover has been at the core of the successful development of the UK/Angola bilateral relationships including the widening of the UK Export Finance export credit line to Angola to approximately US$1 billion in 2020.
Baroness Northover commented: “I am absolutely delighted to be joining the Board of Pensana at this critical time as the world seeks to combat climate change.
“We must be hugely ambitious if we are to meet the world’s climate goals. Scaling up the production of the metals necessary to power the electric vehicle revolution and ensure that wind power represents a scalable source of energy production is essential if the world is to ‘build back better’ as we come out of the current pandemic.
“I have admired Pensana’s work both in Angola and globally, for some time. Their mission critically aligns with the global aim of acting in an environmentally sustainable way. This is especially valuable to Angola as it seeks to diversify away from oil into sustainable industries.
“This is an exciting time for these new approaches and technologies.”
Paul Atherley, Chairman of Pensana, added: “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.
“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.
“She is particularly delighted with our plans to establish the world’s first sustainable magnet metal supply chain in the UK to supply the burgeoning EV and Offshore Wind industries and we look forward to her assistance in advancing the project in partnership with the various stakeholder groups.”
Read the article online at: https://www.globalminingreview.com/finance-business/27102020/pensana-rare-earths-appoint-non-executive-director/