Firestone Diamonds Appoints New CEO

Paul Bosma (pictured), a geologist and De Beers veteran, has been named the CEO of Firestone Diamonds, the London-based diamond mining company.

The AIM-listed Firestone has concentrated its operations on the country of Lesotho, and in July 2017 began producing diamonds at the Liqhobong diamond mine.

Bosma, a 24-year diamond mining industry veteran, has served as general manager of Liqhobong since 2016. He first joined Firestone in 2014.

Bosma’s responsibilities at Liqhobong have included managing and implementing its ramp-up to commercial production, day-to-day managing of the mine site operations, as well as producing the recently approved revised mine plan. Prior to that, he served as general manager of a joint venture between De Beers and AngloGold Ashanti, and also worked as a vice president for Pala Investments, an international mining investment fund based in Switzerland.

Bosma replaces another De Beers veteran, Stuart Brown, who briefly served as that company’s co-CEO, after years of holding the title of chief financial officer. Brown has been CEO of Firestone since 2013.

In a statement, Brown said, “It has been a privilege to work with such a talented group of people at Firestone, and I have no doubt the company will continue to grow and be a successful diamond producer.

“With the operations now at steady state production and the team carrying out a recently signed-off, optimized mine plan, I feel confident that Firestone is well placed to realize its full potential under Paul’s leadership,” he added. “Paul knows the Liqhobong mine better than anyone and has been instrumental in delivering the mine performance within budget and continuing Firestone’s remarkable zero-lost-time injury record since project commencement in July 2014.”

Brown’s last day will be June 30.

Last year, Firestone’s Botswana operations were purchased by a group led by another former De Beers CEO, Gareth Penny.

Image courtesy of Firestone Diamonds

JCK News Director