Chairman and Non-Executive Director
Mr Steed has been involved in major projects both in the UK and in emerging markets. He has over 35 years experience in the Securities industry and is a member of the Institute of Chartered Accountants, The Chartered Institute of Securities & Investment and the Chartered Institute of Marketing.
Chief Executive Officer
Ms. Memon has had a long and illustrious career spanning public service and private sector. Following a first degree in Computer Science at the University of Karachi, she undertook an MSc Economics, at Birkbeck College, London, and an MBA at Imperial College London. Naheed has remained a Director in her family-owned conglomerate, the Kings Group of Industries, Pakistan, overseeing its extensive growth and diversification. She has been the founder CEO of Advicia Consulting Limited, a consulting practice, she set up in London servicing international trade bodies, as well as large industrial clients in the oil and gas sector.
Naheed has also worked in Private Banking for Merrill Lynch, managing a multimillion book for clients in the MENA region. She has also been the CEO of Manzil Pakistan, a public policy think tank in Karachi working in a cross section of sectors, advocating for economic growth through informed policy. Ms Memon has served as the Chairman of the Sindh Board of Investment, Government of Sindh, for a number of years. In this position which was that of a provincial minister, she played a pivotal role in setting up SEZs, mobilising CPEC projects in multiple sectors, coordinating closely between Chinese and Pakistani counterparts, arranging FDI in multiple sectors in the province, facilitating investment in innovation, and improving the World Bank’s Doing Business Ranking as the province’s focal person. Naheed is also an adjunct faculty of Economics and Strategy at Pakistan s largest public sector business school, IBA, Karachi. She also sits as an independent director on the board of public sector companies in Pakistan.
Mr Migge has had a career in Investment Banking and Private Equity with a focus on energy and natural resources. He has an international background, having worked in the US, Europe, Asia and the Middle East.
Post-graduation Mr Migge joined JP Morgan, where he executed capital markets and M&A transactions. He served as an Investment Manager at Alpinvest Capital Partners and as a Director of GE Capital in London. Subsequently, he worked in the UAE as a Principal in the Special Situations group at the Abu Dhabi Investment Council, focused on the power sector. Mr Migge is currently the Chief Financial Officer of Pelletasia Holdings Pte Limited. Mr Migge has considerable international transaction experience, notably leading the acquisition of the power plants Lalpir and Pakgen in Pakistan, which was voted “Deal of the Year Asia”. In 2014, he was a founding investor and member of the sponsor team for the Reata Prospect, an on-going shale oil exploration project in the Permian Basin in the US. Mr Migge has also led investments in power projects in Iraq and coal mining restructuring projects in the US. He served in the Special Forces of the German Air Force and holds an MBA from Yale University.
Mr Hutchins is a highly experienced corporate mining and commodities professional with more than 30 years in the industry. During his career he has held several executive roles for both listed and private companies and is currently the Chair of the FTSE Gold Mines Index Committee. Mr Hutchins has held a range of senior roles within fund management, including various senior positions at M&G Group. In addition, he was a Fund Manager of Resources Investment Trust plc and later a Director and Fund Manager of Global Resources Investment Trust Plc, both listed on the London Stock Exchange. He was also a Director and Founder of www.minesite.com, a mining industry specific news website which is now part of Master Investor. He currently sits on the Board of Wishbone Gold Plc (AIM: WSBN), an Australian focussed gold specialist company operating in exploration, mining and bullion trading.
Nicholas has extensive capital markets experience and is actively involved in AIM. He has advised a range of companies across a number of different sectors both as a director and in his previous capacity as a corporate financier.
Mr. Mughal is an Operations Manager with versatile expertise.
With a first-class M.Sc degree in Geology, he has 12 years of experience in mineral exploration and developing project feasibilities. Out of the total of 12 blocks at Thar Coalfields, he has worked in 8 of them including Block VI (prime asset of Oracle Power PLC). He is actively involved in project development for Oracle in Pakistan since 2010. He has an excellent skill set to manage field works as well as corporate affairs.
He plays a vital role in Project Development. His core contribution includes project coordination, technical advisory (geological & infrastructural), and coordinating between government regulators and the senior team based in Karachi & London
Mr. Pickett has some five decades of experience in mining processes and technology having managed numerous strategic change and business transformation and restructuring globally. Not only is Nigel hugely experienced in natural resources, but he has multi sector consulting experience across sectors from mining and oil and gas to finance and healthcare responsible for business performance improvements across the project lifecycle.
Nigel is currently senior advisor to a number of health care technology companies, as well as resources companies with particular knowledge of Pakistan and coal as a commodity.
In his consulting work with SRK Consulting, Nigel undertook a number of projects providing business consulting and change management advice and leadership to multi-discipline technical and business teams delivering business improvement to client projects. As part of his work with SRK, Nigel led the technical team undertaking the development of a Coal Pricing Framework for the Thar Lignite Deposit. He undertook the review of the first Coal Price petition for Thar Block II – Sindh Engro, leading to the award of a first ever coal price tariff for locally produced coal in Pakistan. Mr. Pickett coached Sindh based experts through the review process and set out the staged programme for future coal price reviews up to and including financial closure of projects. In addition Nigel is very familiar with the Thar Block VI having been the principal consultant that led the team that undertook the feasibility study for its development.
Nigel has a Masters Degree in Business Administration from Cardiff Business School and is a Chartered Manager & Fellow of the Chartered Management Institute.