SYDNEY, AUSTRALIA: Burgundy Diamond Mines Limited notified Mr Peter Ravenscroft has resigned as Managing Director and Chief Executive Officer, efficient immediately.
The Board has resolved that Mr Kim Truter, appointed as a Non-Executive Director in September 2020, and Non-Executive Chairman in December 2021, will be appointed as Interim Chief Executive Officer with immediate effect.
Mr Truter brings over 30 years of mining expertise in each floor and underground operations and largescale project development throughout a number of geographies. He has substantial diamond experience, offering executive global management in Canada, Australia, and Africa most recently with De Beers Canada and beforehand with Rio Tinto Diamonds.
In addition, the Board has resolved that Mr Michael O’Keeffe, Non-Executive Director, appointed in June 2017, will be appointed as Executive Chairman.
Mr O’Keeffe was the Managing Director of Glencore Australia Limited from 1995 to 2004 and Executive Chairman of Riversdale Mining Limited previous to that firm being acquired by Rio Tinto PLC in 2011. Mr O’Keeffe is currently the Executive Chairman and former Chief Executive Officer of Champion Iron Limited which operates an iron ore project in Canada.
Commenting on the resignation, Mr Truter said, “On behalf of the Board and the administration team, I thank Peter for his dedication and repair to the Company.”