Pembroke Resources is led by CEO and Managing Director Barry Tudor, who has a long career in the coal industry. As CFO and later CEO, he grew Gloucester Coal into a $1.7 billion market cap company. “With Pembroke’s executive team’s proven track record in value creation in the coal industry, we have a unique opportunity to acquire and develop a portfolio of high quality metallurgical coal assets,” said Tudor. “We’re delighted to partner with Denham Capital as it shares a common vision and approach. In addition to its industry investment expertise, Denham Capital will provide us with an unparalleled competitive advantage through its strategic, operational and financial backing.”

Joining Tudor on Pembroke’s management team are other former Gloucester Coal employees including Chief Operating Officer Mark Sheldon and CFO Craig Boyd.