Todd Romaine is a seasoned ESG executive who has worked in the natural resources sector for 20 years. This has included the oil and gas and mining sectors in Canada, the US, Australia, Eastern Europe and Africa. He has served in senior management capacities for aboriginal organisations, publicly-elected governments and publicly-traded corporations.
He holds a graduate degree from the Fletcher School of Law and Diplomacy (Tufts University) in International Relations, an MA inLeadership from the University of Guelph, and two undergraduate degrees in planning and environment. He serves as the chief sustainability officer with Danakali.
Danakali is an Australia-based company that is in partnership with the State of Eritrea in responsibly developing a 200-year, high-grade, low environmental impact sulphate of potash (SOP) deposit, which is expected to go into production by 2022. Danakali is a junior resources firm listed on the Australian Securities Exchange with a market capitalisation of some $120 million.
The company’s flagship Colluli project has a 1.100 billion tonne reserve grading 10.5% K2O for 203 million tonnes of containedSOP. The definitive feasibility study from 2015 suggested a capex of around$300 million to build an 850,000t per annum operation delivering a post-tax NPV(10% discount) of $860 million with an IRR of 29%.