People: Lundin Gold Inc (LUG.TO)
Ms. Carmela Daniele has been appointed as an Independent Director of Lundin Gold Inc., with effect from 8 January 2015. Ms. Daniele is Founder and Chief Investment Officer of CD Capital (an established recognized and authorized UK fund manager) which manages, amongst other funds, the CD Capital Natural Resources Fund II (the CD Capital Fund). The CD Capital Fund has invested C$40 million in Aurelian Resources Inc, a wholly-owned subsidiary of Lundin Gold which holds the Fruta del Norte gold project. These funds will be applied to upgrade, expand and develop the mineral resource of Fruta del Norte. With its investment, CD Capital acquired the right to appoint a nominee to the Board of Directors of Lundin Gold. Carmel has over 25 years of natural resources investment experience, 10 of which were spent with Newmont Mining/Normandy Mining and, in her various roles, was involved in the acquisition of various companies including LaSource SAS (a joint venture between BRGM and Normandy Mining). As Senior Executive (Corporate Advisory) at Newmont she structured cross-border mergers and acquisitions including the US$24 billion three-way merger between Franco-Nevada, Newmont and Normandy Mining to create the largest gold company in the world. Prior to founding CD Capital in September 2006, Carmel was a senior investment advisor for a London based mining Special Situations Fund on sourcing and negotiating natural resources private equity investments. Carmel holds a Master of Laws (Corporate & Commercial) and Bachelor of Economics from the University of Adelaide and is a Fellow of the Institute of Chartered Accountants.
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