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GROWTH COMPANY INVESTOR NOVEMBER 2009
UIpausePEOPLE edited by Robert Tyerman
continued from page 29
Land of milk Sagadiev, 41, who was brought in in Sagadiev, originally an agricultural
February to sort things out after Frontier’s economist, still has interests running far
and money shares had all but collapsed, led a wider than minerals.
£10 million refinancing in May and He is a frequent adviser to government
E
rlan Sagadiev, a tough-minded now suggests that Benkala could agencies, companies and individuals on
Kazakh entrepreneur who turned a eventually generate an annual cash flow business and economic issues. His own
bankrupt dairy into Asia’s largest dairy of £7 million. company, Zere Group, also has interests
products group, Asia Foodmaster, is He says Frontier has enough money to in oil and gas, education and ‘other
making confident noises about the cash proceed with the first part of the plan. entrepreneurial developments’.
harvest that his present venture, AIM- According to Sagadiev, the London-
quoted Frontier Mining, can expect headquartered company plans to start
from its Benkala copper project in his producing from an initial open-cut oxide PLUS point
home country. ‘cap’ at Benkala in 2011 at the rate of
20,000 tonnes a year before tackling for Nandy
I
T entrepreneur Santanu Nandy has
brought PLUS-quoted its first Indian
‘tough-minded Kazakh
company. He runs Arrowpoint
entrepreneur Erlan
Technologies, a leading pensions and
Sagadiev turned a
retirement software concern that has
raised £120,000 at 13p through St Helen’s
bankrupt dairy into
Capital and now commands a market
Asia’s largest dairy
value of £26 million.
Santanu Nandy has brought the first Indian company,
products group, Asia
Arrowpoint, which owns operations in Arrowpoint Technologies, to PLUS-quoted
India and the USA, owns US defined
Foodmaster’
benefit pension plan software and projections and services to states,
services provider Lynchval, Connecticut- counties and municipalities in India.
based specialist staff provider KeyTech, Technical integration is another new
Benkala’s chief sulphide deposit. and Arrowpoint Technologies Private, a string to its bow.
Sagadiev says this could contain an pension plan development, support and Nandy may now be a PLUS company
estimated two million tonnes of copper at conversion company based in Chennai. chief, but he does have experience of the
a grade of 0.6 per cent, yield 250,000 Last year, the group reported operating larger corporate scene. He was previously
tonnes a year and prove to be a ‘company profits of £330,000 on turnover of nearly a director of Novasoft Information
maker’. Frontier, which owns 50 per cent of £10 million. Technology (Europe), where he led one of
Benkala, also has a wholly owned Lynchval has recently expanded into the UK’s largest enterprise resource
Wide interests: Frontier Mining’s CEO and chairman,
producing gold asset at Naimanjal with providing legal structuring, financial planning operations, and was a vice
Erlan Sagadiev copper and molybdenum too, but analysis and support, and actuarial president of Reliance Infocomm.
handover runs smoothly, and thereafter he’ll remain
Many facets for involved as a non-executive director.
Shares in Pangea DiamondFields, whose diverse
PDF boss projects span the Central African Republic, the
Democratic Republic of Congo, South Africa and
A
mbitious mining man Boris Kamstra has taken Angola, are currently swapping hands for a lowly
over in the CEO hot seat at emergent diamond 1.58p, valuing the business at £28.1 million.
producer and explorer Pangea DiamondFields
(PDF). His ascent to the top position of the AIM-
quoted counter follows the personal decision of Jones hired by Harvey
erstwhile boss Brett Thompson to relocate with his
family back to Australia.
Kamstra, a relatively youthful 46 and a PDF man R
ecruitment and outsourcing group Harvey Nash
has appointed business ambassador Lord Digby
since 2006, looks suitably well qualified for the role, Jones as its senior adviser.
Global business ambassador: Lord Digby Jones
having previously been operations manager for the Trained lawyer Jones, the former director-general
company’s projects in South Africa and the of the CBI and minister for UK trade and investment, Asia and the USA.
Democratic Republic of Congo. and active House of Lords ‘cross-bencher’, joins As well as his House of Lords role, Jones presently
Schooled in civil engineering disciplines and with the fully listed £32 million cap company in order serves as chairman of the International Business
bags of project management experience in his locker, to share his ‘wealth of experience as a global Advisory Board at HSBC, chairman of Triumph
Kamstra’s CV includes key roles in the construction business ambassador’. Motorcycles and corporate ambassador for Jaguar
of a number of mines, dams and roads, involving Renowned for talking up ‘UK plc’ around the globe, Cars and JCB.
‘large earthmoving operations throughout Africa’. Jones is on a mission to help CEO Albert Ellis Harvey Nash recently reported a 41 per cent decline
He has also previously undertaken projects for the maximise the group’s growth in the UK and in adjusted pre-tax profits to £2.3 million for the six
Land Bank of South Africa, as well as helping a international markets. months to July, on £200 million sales, amid the
number of private companies either return to profit Jones has ‘known and admired Harvey Nash for a severity of the recession. This represented a good
or set up new ventures. number of years’ and says he looks forward to performance, with the company remaining profitable
As for Thompson, he stays on full time in a ‘promoting the competitiveness of the Harvey and snaring a greater share of some exceptionally
Appointments
consulting role for the rest of 2009 to ensure the Nash brand’ across its markets of the UK, Europe, tough markets.
30 www.growthcompany.co.uk
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