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African Eagle Resources appoints new FD

AFRICAN EAGLE RESOURCES has appointed experienced natural resources industry CFO David Newbold as its finance director, effective 2 July 2012.

Newbold has 35 years’ experience in the natural resources sector, with over 20 years specifically focused on international mineral resource development including financing initiatives, mining, processing and marketing of base and precious metals around the world.

He has held a number of executive and senior positions at Compañia Minera Zaldívar, Placer Dome, Outokumpu Oyj, Mercury Resource Consultants and Greystar Resources (renamed Eco Oro Minerals Corporation in August 2011).

During his time as CFO at Greystar, Newbold was responsible for securing a financing package used to fund a $1.4bn gold project in Colombia.

Newbold is a fellow of the ICAEW.

Commenting on the announcement, African Eagle’s CEO, Trevor Moss stated: “[Newbold] has an excellent track record in the development, financing, risk mitigation, governance and operation of natural resource businesses globally.”

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