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Lucara Executive Leaves for Gold Miner
Jan 4, 2015 6:18 AM
By Ronen Shnidman
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RAPAPORT... Lucara Diamond Corp. said its senior vice president, Anthony George, has ended his employment contract with the diamond mining company to take a position at a gold mining firm owned by Lucara's largest shareholder, the Lundin family.
George was credited by Lucara for playing an integral role in the development of the Karowe mine in Botswana.
"Tony has been an important member of the Lucara team since he joined the company in December 2009," said William Lamb, Lucara's president and CEO. "His project management skills and extensive expertise greatly assisted in bringing Lucara's first operating mine into operation."
George was appointed vice president of project development of Lundin Gold's Fruta del Norte gold mining project in Ecuador on January 1, one day after leaving Lucara. The largest shareholders of both Lundin Gold and Lucara are two Lundin family trusts, Lorito Holdings and Zebra Holdings and Investments.
Karowe is Lucara's sole producing asset and the consistent discovery of large gem-quality diamonds at the mine has proved a major boost to the company's cash flow. Lucara expects to complete a plant and equipment upgrade at the site by the end of the second-quarter this year. The planned changes are expected to increase the recovery of larger diamonds at the mine and enable sustainable processing of harder ore at Karowe's south lobe.
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Tags:
Anthony George, gold, Karowe, lucara, Lundin, Ronen Shnidman, William Lamb
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