Caroline Tanchay enters power generation business
Nickel miner Oriental Peninsula Resources Group of businesswoman Caroline Tanchay is venturing into power generation.
In a regulatory filing, ORE said its board approved the amendment of its secondary purpose to add investment in the power generation business.
The company will engage in the exploration, development and commercialization of renewable energy Resources, such as biomass, solar, wind, hydropower, geothermal and ocean energy resources, including the application of hybrid systems and other emerging renewable energy technologies.
Its board also approved the extension of the corporate term to another 50 years.
ORE, through its subsidiary, Citinickel Mines and Development Corp., is engaged in developing and exploiting mineral lands for chromite, copper, manganese, magnesite, silver, gold and other mineral products.
Apart from mining, Tanchay is into food through New York gourmet grocer Dean & DeLuca.