St George Mining Limited (ASX: SGQ) has announced the appointment of Mr. Adolfo Sachsida – Brazil’s former Minister of Mines and Energy and a highly credentialled business leader – to its board.
John Prineas, executive chairman, said, “We are delighted to welcome the well-regarded and highly credentialled Adolfo Sachsida to our team as we enter an exciting growth phase for St George with the proposed acquisition of the high-grade niobium-REE Araxá Project in Minas Gerais, Brazil.”
Mr Sachsida has occupied important federal government positions in Brazil during his career including:
• Minister of Mines and Energy
• Chief Secretary of Economic Affairs of the Ministry for the Economy
• Secretary of Economic Policy of the Ministry for the Economy
Mr Sachsida, commented, “Brazil, and the State of Minas Gerais in particular, is a Tier 1 mining jurisdiction and I am very pleased that St George has recognized this favourable investment environment and committed to a very significant investment with the acquisition of the Araxá Project.”
The company has stated that the high-level experience of Mr Sachsida across government and business sectors in Brazil will be an invaluable resource for St George as it progresses its proposed significant investment in the advanced high-grade niobium-REE Araxá Project. St George expects to complete the acquisition of the project in late September/early October 2024.
In addition to his past positions as a senior Minister in Brazil’s Government, Mr Sachsida has served as professor of economics at the University of Texas and the Universidade Catolica de Brasilia.
To find out more, please visit www.stgm.com.au
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