Spotlight On... Algy Cluff; Chairman, Cluff Gold
Algy Cluff. Who's he?
John Gordon Cluff, the dapper six-and-a-half footer known as "Algy", is one of the City's best-known veteran (for which read "septuagenarian") entrepreneurs, raconteurs and all round jolly good eggs.
High praise. Best known for?
Depends on your interests. Those of a Tory bent remember his ownership of The Spectator magazine. He bought it from his chum Henry Keswick in the 1980s before selling it on to the Telegraph group. Business types know him best for making a fortune in oil and mining. Something of a swashbuckler, by any definition.
Swashbuckler, eh? Why so?
Eschewing university, he had a stint in the Guards and the SAS, wrote dispatches for The Guardian in Vietnam, then worked in the plantation business in Malaysia. That earned him the cash to get into the oil game. He discovered the Buchan field in the North Sea in the 1970s, later selling his business to BP. More recently, he's set up three mining and resources companies, including Cluff Gold in 2003.
Why is he making the news now?
He's decided to step down as the chairman of Cluff Gold, which explores in West Africa and operates a mine in Burkina Faso.
So he's finally hanging up his boots, then?
Far from it. He's actually leaving to set up his fifth, as yet unnamed, venture.
Returning to the North Sea oil world. As he said yesterday: "My headmaster always said all the best things end up in the same place and I never knew what he meant. But I think I do now, since I find myself inclined to go back to the North Sea."
Sounds like he had a wise headmaster...
That's what you pay those high fees for at Stowe public school. Not that Cluff was inclined to stay in education any longer than he had to. As he once said: "If I'd gone to university it would have killed my restless spirit and without that the entrepreneur is nothing."
Oscar Pistorius trial: Defence's own witness contradicts athlete's version of events
Oscar Pistorius trial: The case against Oscar Pistorius – and why the prosecution claims his story doesn't add up
Almost 40m gallons of drinking water discarded – because a man urinated in it
Peaches Geldof funeral: Private ceremony to be held at same place as her mother Paula Yates on Easter Monday
Shropshire criminals ‘using unmanned drones and infrared cameras to find illegal cannabis farms’ – and then steal from the growers
The food poverty scandal that shames Britain: Nearly 1m people rely on handouts to eat – and benefit reforms may be to blame
US Navy christens huge $3 billion destroyer ship USS Zumwalt that appears as a fishing boat on enemy radar
Scottish independence: It is the English who should be on their knees, begging the Scots to vote ‘No’
Nigel Farage fatigue? Half of voters ‘immune’ to Ukip’s appeal
Nigel Farage on Have I Got News For You: Ukip leader ridiculed over expenses and party 'fruitcakes'
Nigel Farage: I’m taking on the status quo, and the Establishment’s fighting back
- 1 Are you turning into your dad? The top ten signs you've embraced dad-ism revealed as survey says 38 is age men turn into their father
- 2 Overheard in Waitrose: documenting the chatter in 'Britain's poshest supermarket'
- 3 Video of British Muslims dancing to Pharrell Williams's hit Happy attacked as 'sinful'
- 4 24 people applied for the 'world's toughest job', here are their interviews
- 5 Grace Dent on TV: Game of Thrones has jumped the shark
£35000 - £50000 per annum + benefits+bonus+package: Harrington Starr: SharePoi...
£80000 - £95000 per annum: Charter Selection: A leading Global organisation Ja...