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Monday 23 January 2017

Who's who in high court drama

Published 21/11/2010 | 05:00

Donal Kinsella

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During the Seventies and Eighties Donal Kinsella was a firebrand of Irish corporate life.

Along with Dr John Teeling, the pair developed a reputation as corporate raiders with a flair for spotting and buying up undervalued assets and turning them around.

A UCD economics graduate, Mr Kinsella had in the past significant shareholdings in Irish Oil and Cake Mills, Irish Edible Oils, Burmin, Whim Creek and Seafield and was owner of his family's hotel, The Grove in Dunleer, Co Louth, which he sold.

Mr Kinsella was also a shareholder of Dublin Gas and he and Dr Teeling had tried an unsuccessful takeover.

The two men also founded the Cooley Distillery along with Paul Power, but the project led to a falling-out with Dr Teeling and Mr Kinsella left the board 15 years ago.

Mr Kinsella was also one of the 250 Irish Lloyds "names" who lost significant sums in the early Nineties.

In recent years he has concentrated on property development and has had decent success as a racehorse owner and trainer, once winning an Irish Cesarewitch. He dabbled in politics but failed to get the nomination he sought from Fianna Fail in the Nineties.

DEIRDRE CORCORAN

Deirdre Corcoran, the woman at the centre of events at the Moma mine in Mozambique, gained experience working in Africa with the Third World charity, Concern.

She graduated from University College Dublin with a Bachelor of Commerce degree and a Masters in Accounting.

She qualified as a Chartered Accountant in 1995 while working with Deloitte & Touche. She then worked for a number of years as finance manager with Concern based in Ethiopia, before joining Kenmare in 1999 as financial controller. She was appointed company secretary in March 2000.

Ms Corcoran's expertise of working in Africa and her skills were among the reasons why she came to the attention of Kenmare Resources.

She is now regarded as a key figure in the company at a corporate level.

CHARLES CARVILL

Charles Carvill from Warrenpoint, Co Down, has been involved in the mining industry for more than four decades.

He served as a director of Tara Exploration and Development Ltd, the parent company of Tara Mines, for over 20 years and was a founding member and subsequently director of Minquest, which later merged with Kenmare Resources.

He is founder and chairman of Carvill Group Ltd and Vico Properties, a Belfast-based construction and development group with activities in the Republic, the North, Scotland, England and Germany.

Mr Carvill was chairman of Kenmare Resources at the time of the incidents in Moma, Mozambique and was named as a joint defendant in the libel action along with the company.

He has since signalled his intention to step down as chairman but holds a non-voting position with the firm.

Sunday Independent

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