JOHANNESBURG - Australian mining company Pensana Metals on Tuesday announced the appointment of experienced Anglo American executive and minerals engineer, Tim George, as its new chief executive as the rare earths miner looks set to list at the London Stock Exchange later in the year.
Pesana has a globally significant neodymium and praseodymium (NdPr) deposit at the Longonjo NdPr Project in Angola, close to major transport links and infrastructure which is the key to project development.
The company looks to capitalize in clean energy future as the world moves towards zero emissions NdPr electric motors.
There is a major NdPr supply shortfall predicted by 2021 while China controls well over 96 percent of the world's NdPr production.
George, who is based in Cape Town, has over 30 years of experience in the mining and engineering sectors, with a broad experience in mining project development throughout Sub-Saharan Africa.