Key points
- Tariq Al Barwani has been appointed non-executive chairman of Nautilus Minerals Inc.
- Al Barwani joined the Nautilus board in May 2016 and is a director and shareholder of MB Holding Company LLC, the company’s largest shareholder, and CEO of its subsidiary Mawarid Mining LLC.
- He holds a bachelor of science in geology from Imperial College, United Kingdom, and an MBA from McGill University in Canada.
- The board has begun a renewal process to appoint additional independent directors and expand its skill sets to support financing and delivery of the Solwara 1 project.
Tariq Al Barwani has been appointed to the role of non-executive chairman for Nautilus Minerals Inc.
Mr. Al Barwani joined the company’s board in May, 2016. He is a director and shareholder of MB Holding Company LLC, and chief executive officer of Mawarid Mining LLC, a wholly owned subsidiary of MB Holding Company. MB Holding Company is Nautilus’s largest shareholder.
Mr. Al Barwani has a bachelor of science degree in geology from Imperial College, United Kingdom, and a master’s degree in business administration specializing in strategy and leadership from McGill University in Canada.
In parallel with this new appointment, the board of directors has also embarked upon a process of board renewal, looking to appoint additional new independent directors, and to expand the board’s skill sets to support the financing and delivery of the world’s first deep-sea mine.
About Nautilus Minerals Inc.
Nautilus is the first company to explore the ocean floor for polymetallic seafloor massive sulphide deposits. Nautilus was granted the first mining lease for such deposits at the prospect known as Solwara 1, in the territorial waters of Papua New Guinea, where it is aiming to produce copper, gold and silver. The company has also been granted its environmental permit for this site.
Nautilus also holds highly prospective exploration acreage in the Western Pacific (granted and under application), as well as in international waters in the Central Pacific.
