Firestone Diamonds power
Liqhobong mine. Image supplied by Firestone Diamonds.

AIM-listed diamond producer Firestone Diamonds has appointed Paul Bosma as the new CEO with effect from 1 July 2018.

This follows the decision by Stuart Brown to step down as CEO and director of Firestone Diamonds by 30 June 2018 after serving just under five years with the company.

Firestone Diamonds
Outgoing CEO Stuart Brown

Bosma, a qualified geologist with a BSc (Honours) and MSc degree as well as an MBA from the University of Cape Town’s Graduate School of Business, has more than 24 years’ experience in the mining industry, of which 14 years have been in the diamond sector where he worked for De Beers.

Bosma joined Firestone Diamonds in 2014 as the mineral resources manager on the project team and in 2016 became general manager of Liqhobong mine.

His responsibilities to date have included managing and implementing the commissioning and ramp up to commercial production of the Liqhobong mine, day to day managing of site operations as well as producing the recently approved revised mine plan.

Prior to joining Firestone Diamonds, Bosma was general manager of a joint venture between De Beers and Anglo Gold Ashanti. He previously worked as a vice president for Pala Investments, an international mining investment fund based in Switzerland.

“The board, in its succession planning, has been impressed with Paul’s role as General Manager of Liqhobong, while his significant experience in the diamond sector as well as a deep understanding of capital markets make him the ideal candidate to become the new CEO,” says Firestone Diamonds non-executive chairman Lucio Genovese.

Firestone Diamonds
Paul Bosma

Stuart joined just under five years ago, with the mandate to lead the financing and construction which subsequently put Firestone into the elite group of producing diamond companies, Genovese adds.

“With the operations now at steady state production and the team carrying out a recently signed-off, optimised mine plan, I feel confident that Firestone is well placed to realise its full potential under Bosma’s leadership. He 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. Paul has proven he is more than capable of taking this project forward and I wish him every success,” says outgoing CEO Stuart Brown.